State Street Corp Boosts Stake in Stifel Financial Corp. (NYSE:SF)

State Street Corp lifted its holdings in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 1.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,122,342 shares of the financial services provider's stock after acquiring an additional 31,101 shares during the period. State Street Corp owned 3.05% of Stifel Financial worth $293,188,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Stifel Financial Corp raised its stake in 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 acquiring an additional 33,953 shares in the last quarter. Systematic Financial Management LP grew its holdings in shares of Stifel Financial by 7.9% during the third quarter. Systematic Financial Management LP now owns 404,416 shares of the financial services provider's stock worth $37,975,000 after purchasing an additional 29,581 shares during the last quarter. Quantinno Capital Management LP increased its position in shares of Stifel Financial by 21.1% during the third quarter. Quantinno Capital Management LP now owns 37,684 shares of the financial services provider's stock worth $3,539,000 after purchasing an additional 6,571 shares in the last quarter. Cinctive Capital Management LP purchased a new stake in shares of Stifel Financial in the 3rd quarter valued at about $1,188,000. Finally, Verition Fund Management LLC acquired a new stake in shares of Stifel Financial in the 3rd quarter valued at about $385,000. Hedge funds and other institutional investors own 82.01% of the company's stock.

Stifel Financial Stock Performance

Shares of SF stock traded up $1.90 during trading hours on Wednesday, reaching $112.52. 273,409 shares of the company's stock were exchanged, compared to its average volume of 565,499. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78. The company's 50 day moving average is $107.54 and its two-hundred day moving average is $92.37. The company has a market cap of $11.52 billion, a P/E ratio of 20.00 and a beta of 1.08. Stifel Financial Corp. has a 1 year low of $64.47 and a 1 year high of $119.12.

Stifel Financial (NYSE:SF - Get Free Report) last released its earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 EPS for the quarter, missing analysts' consensus estimates of $1.60 by ($0.10). Stifel Financial had a net margin of 12.98% and a return on equity of 14.92%. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the business posted $0.60 EPS. Stifel Financial's revenue was up 17.2% compared to the same quarter last year. Equities research analysts anticipate that Stifel Financial Corp. will post 6.44 EPS for the current fiscal year.

Stifel Financial Announces Dividend

The business also recently announced 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. The ex-dividend date is Monday, December 2nd. This represents a $1.68 annualized dividend and a yield of 1.49%. Stifel Financial's payout ratio is currently 30.38%.

Insider Buying and Selling at Stifel Financial

In other Stifel Financial 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 owns 159,619 shares of the company's stock, valued at approximately $18,544,535.42. This represents a 13.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 4.57% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on SF shares. StockNews.com cut Stifel Financial from a "buy" rating to a "hold" rating in a research note on Thursday, October 3rd. TD Cowen upped their price target on shares of Stifel Financial from $100.00 to $105.00 and gave the company a "hold" rating in a research report on Thursday, October 24th. The Goldman Sachs Group raised their price objective on shares of Stifel Financial from $85.00 to $94.00 and gave the stock a "neutral" rating in a research report on Thursday, September 26th. JPMorgan Chase & Co. started coverage on shares of Stifel Financial in a research note on Tuesday. They issued a "neutral" rating and a $120.00 price objective on the stock. Finally, JMP Securities increased their target price on shares of Stifel Financial from $105.00 to $110.00 and gave the stock a "market outperform" rating in a research note on Wednesday, October 9th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $105.57.

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.