Amalgamated Bank Reduces Stake in Stifel Financial Corp. (NYSE:SF)

Amalgamated Bank trimmed its position in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 18.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 48,728 shares of the financial services provider's stock after selling 10,881 shares during the quarter. Amalgamated Bank's holdings in Stifel Financial were worth $4,576,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Versant Capital Management Inc boosted its stake in Stifel Financial by 1,818.8% during the second quarter. Versant Capital Management Inc now owns 307 shares of the financial services provider's stock worth $26,000 after buying an additional 291 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new position in Stifel Financial during the first quarter worth $33,000. Waldron Private Wealth LLC acquired a new position in Stifel Financial during the third quarter worth $34,000. GAMMA Investing LLC boosted its stake in Stifel Financial by 27.7% during the third quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider's stock worth $47,000 after buying an additional 109 shares during the last quarter. Finally, Bessemer Group Inc. boosted its stake in Stifel Financial by 388.3% during the first quarter. Bessemer Group Inc. now owns 796 shares of the financial services provider's stock worth $62,000 after buying an additional 633 shares during the last quarter. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

Stifel Financial Stock Performance

NYSE:SF traded up $1.25 during mid-day trading on Friday, reaching $115.30. 447,253 shares of the stock were exchanged, compared to its average volume of 571,423. The company has a 50 day simple moving average of $96.11 and a 200-day simple moving average of $87.13. The stock has a market capitalization of $11.82 billion, a P/E ratio of 20.85 and a beta of 1.08. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 0.38. Stifel Financial Corp. has a 1 year low of $59.25 and a 1 year high of $117.76.

Stifel Financial (NYSE:SF - Get Free Report) last posted its quarterly earnings data 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). Stifel Financial had a return on equity of 15.11% 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 in the previous year, the business posted $0.60 earnings per share. The firm's revenue was up 17.2% compared to the same quarter last year. Analysts anticipate that Stifel Financial Corp. will post 6.44 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.42 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.68 annualized dividend and a dividend yield of 1.46%. Stifel Financial's dividend payout ratio is currently 30.38%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. TD Cowen upped their price target on Stifel Financial from $100.00 to $105.00 and gave the company a "hold" rating in a research note on Thursday, October 24th. JMP Securities increased their target price on Stifel Financial from $105.00 to $110.00 and gave the stock a "market outperform" rating in a research note on Wednesday, October 9th. The Goldman Sachs Group increased their target price on Stifel Financial from $85.00 to $94.00 and gave the stock a "neutral" rating in a research note on Thursday, September 26th. Citigroup increased 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. Finally, StockNews.com lowered Stifel Financial from a "buy" rating to a "hold" rating in a research note on Thursday, October 3rd. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Stifel Financial currently has an average rating of "Hold" and an average target price of $100.33.

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.