Quantinno Capital Management LP Buys 6,571 Shares of Stifel Financial Corp. (NYSE:SF)

Quantinno Capital Management LP grew its stake in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 21.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,684 shares of the financial services provider's stock after purchasing an additional 6,571 shares during the period. Quantinno Capital Management LP's holdings in Stifel Financial were worth $3,539,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in SF. Cinctive Capital Management LP bought a new position in shares of Stifel Financial during the 3rd quarter worth approximately $1,188,000. Verition Fund Management LLC purchased a new position in Stifel Financial during the 3rd quarter valued at about $385,000. Captrust Financial Advisors lifted its stake in Stifel Financial by 6.1% in the 3rd quarter. Captrust Financial Advisors now owns 31,343 shares of the financial services provider's stock worth $2,943,000 after purchasing an additional 1,810 shares in the last quarter. Icon Wealth Advisors LLC purchased a new stake in shares of Stifel Financial in the third quarter worth $222,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Stifel Financial by 0.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 278,344 shares of the financial services provider's stock worth $26,137,000 after purchasing an additional 790 shares in the last quarter. Institutional investors own 82.01% of the company's stock.

Stifel Financial Trading Down 2.5 %

NYSE:SF traded down $2.90 during midday trading on Monday, reaching $110.98. 444,338 shares of the stock traded hands, compared to its average volume of 567,362. The stock has a market capitalization of $11.36 billion, a P/E ratio of 20.59 and a beta of 1.08. Stifel Financial Corp. has a 12 month low of $64.47 and a 12 month high of $119.12. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. The company has a fifty day moving average of $106.85 and a 200 day moving average of $91.95.

Stifel Financial (NYSE:SF - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share for the quarter, missing analysts' consensus estimates of $1.60 by ($0.10). The firm had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.20 billion. Stifel Financial had a return on equity of 14.92% and a net margin of 12.98%. The business's revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.60 earnings per share. On average, research analysts predict that Stifel Financial Corp. will post 6.44 EPS for the current year.

Stifel Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date is Monday, December 2nd. Stifel Financial's payout ratio is currently 30.38%.

Wall Street Analysts Forecast Growth

SF has been the topic of a number of research analyst reports. Citigroup increased their price target on shares of Stifel Financial from $90.00 to $102.00 and gave the stock a "neutral" rating in a report on Friday, September 27th. StockNews.com downgraded Stifel Financial from a "buy" rating to a "hold" rating in a research report on Thursday, October 3rd. JMP Securities increased their price target on shares of Stifel Financial from $105.00 to $110.00 and gave the company a "market outperform" rating in a research report on Wednesday, October 9th. TD Cowen boosted their price objective on shares of Stifel Financial from $100.00 to $105.00 and gave the stock a "hold" rating in a report on Thursday, October 24th. Finally, Wells Fargo & Company increased their target price on shares of Stifel Financial from $113.00 to $130.00 and gave the company an "overweight" rating in a report on Wednesday, November 13th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $103.17.

Insider Transactions at Stifel Financial

In related news, COO David D. Sliney sold 25,000 shares of the company's stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $116.18, for a total value of $2,904,500.00. Following the sale, the chief operating officer now directly owns 159,619 shares of the company's stock, valued at $18,544,535.42. This represents a 13.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 4.57% of the company's stock.

Stifel Financial 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.