Principal Financial Group Inc. Sells 28,475 Shares of Stifel Financial Corp. (NYSE:SF)

Principal Financial Group Inc. decreased its stake in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 2.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,006,574 shares of the financial services provider's stock after selling 28,475 shares during the period. Principal Financial Group Inc. owned 0.98% of Stifel Financial worth $94,517,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of SF. FMR LLC lifted its holdings in shares of Stifel Financial by 18.8% during the 3rd quarter. FMR LLC now owns 7,956,412 shares of the financial services provider's stock worth $747,107,000 after acquiring an additional 1,256,595 shares during the period. State Street Corp lifted its stake in Stifel Financial by 1.0% during the third quarter. State Street Corp now owns 3,122,342 shares of the financial services provider's stock worth $293,188,000 after purchasing an additional 31,101 shares during the last quarter. Earnest Partners LLC increased its stake in shares of Stifel Financial by 0.8% in the 2nd quarter. Earnest Partners LLC now owns 2,954,099 shares of the financial services provider's stock valued at $248,587,000 after purchasing an additional 22,040 shares during the last quarter. Stifel Financial Corp lifted its position in shares of Stifel Financial by 1.5% during the 3rd quarter. Stifel Financial Corp now owns 2,279,267 shares of the financial services provider's stock worth $214,023,000 after buying an additional 33,953 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Stifel Financial by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,007,738 shares of the financial services provider's stock valued at $168,932,000 after buying an additional 7,113 shares in the last quarter. 82.01% of the stock is owned by institutional investors.

Stifel Financial Stock Performance

SF stock opened at $104.49 on Friday. The stock has a 50-day moving average price of $109.42 and a 200-day moving average price of $93.73. Stifel Financial Corp. has a 1-year low of $66.64 and a 1-year high of $119.12. The firm has a market cap of $10.69 billion, a PE ratio of 18.90 and a beta of 1.08. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.27.

Stifel Financial (NYSE:SF - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $1.50 EPS for the quarter, missing the consensus estimate of $1.60 by ($0.10). Stifel Financial had a return on equity of 14.92% and a net margin of 12.98%. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the business earned $0.60 EPS. The business's quarterly revenue was up 17.2% compared to the same quarter last year. As a group, equities research analysts expect that Stifel Financial Corp. will post 6.5 earnings per share for the current year.

Stifel Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.42 per share. The ex-dividend date was Monday, December 2nd. This represents a $1.68 annualized dividend and a dividend yield of 1.61%. Stifel Financial's dividend payout ratio is currently 30.38%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Citigroup boosted their target price on Stifel Financial from $90.00 to $102.00 and gave the stock a "neutral" rating in a research note on Friday, September 27th. Wells Fargo & Company increased their price target on Stifel Financial from $113.00 to $130.00 and gave the company an "overweight" rating in a research note on Wednesday, November 13th. TD Cowen boosted their price objective on Stifel Financial from $100.00 to $105.00 and gave the stock a "hold" rating in a research report on Thursday, October 24th. JMP Securities raised their price objective on shares of Stifel Financial from $105.00 to $110.00 and gave the company a "market outperform" rating in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Stifel Financial in a research report on Tuesday, December 10th. They issued a "neutral" rating and a $120.00 price target for the company. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Stifel Financial has a consensus rating of "Hold" and an average target price of $105.57.

Insider Transactions at Stifel Financial

In other Stifel Financial news, COO David D. Sliney sold 25,000 shares of the business's stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $116.18, for a total transaction of $2,904,500.00. Following the completion of the sale, the chief operating officer now owns 159,619 shares in the company, valued at approximately $18,544,535.42. The trade was a 13.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 4.57% of the company's stock.

Stifel Financial Company Profile

Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.