Systematic Financial Management LP Grows Position in Stifel Financial Corp. (NYSE:SF)

Systematic Financial Management LP increased its holdings in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 7.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 404,416 shares of the financial services provider's stock after buying an additional 29,581 shares during the period. Stifel Financial comprises 1.0% of Systematic Financial Management LP's investment portfolio, making the stock its 22nd largest holding. Systematic Financial Management LP owned approximately 0.40% of Stifel Financial worth $37,975,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Waldron Private Wealth LLC purchased a new stake in shares of Stifel Financial in the 3rd quarter valued at approximately $34,000. GAMMA Investing LLC raised its stake in Stifel Financial by 27.7% in the third quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider's stock valued at $47,000 after buying an additional 109 shares in the last quarter. Rothschild Investment LLC acquired a new position in shares of Stifel Financial during the 2nd quarter worth about $64,000. UMB Bank n.a. boosted its position in shares of Stifel Financial by 36.6% during the 3rd quarter. UMB Bank n.a. now owns 870 shares of the financial services provider's stock worth $82,000 after acquiring an additional 233 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of Stifel Financial by 148.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,201 shares of the financial services provider's stock worth $113,000 after acquiring an additional 717 shares in the last quarter. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on SF shares. 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 note on Wednesday, October 9th. Citigroup increased their target price on shares of Stifel Financial from $90.00 to $102.00 and gave the company a "neutral" rating in a research report on Friday, September 27th. Wells Fargo & Company raised their price objective on Stifel Financial from $113.00 to $130.00 and gave the stock an "overweight" rating in a report on Wednesday, November 13th. The Goldman Sachs Group boosted their target price on Stifel Financial from $85.00 to $94.00 and gave the company a "neutral" rating in a report on Thursday, September 26th. Finally, TD Cowen raised their price target on Stifel Financial from $100.00 to $105.00 and gave the stock a "hold" rating in a research note on Thursday, October 24th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $103.17.

Stifel Financial Stock Performance

Stifel Financial stock traded up $0.59 during mid-day trading on Thursday, reaching $114.22. 233,534 shares of the company were exchanged, compared to its average volume of 567,186. The firm has a market cap of $11.69 billion, a PE ratio of 20.54 and a beta of 1.08. 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 firm's 50-day simple moving average is $106.02 and its two-hundred day simple moving average is $91.43. Stifel Financial Corp. has a twelve month low of $62.88 and a twelve month high of $119.12.

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 net margin of 12.98% and a return on equity of 14.92%. The firm had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.20 billion. During the same quarter last year, the business earned $0.60 earnings per share. The business's quarterly revenue was up 17.2% on a year-over-year basis. Equities analysts predict that Stifel Financial Corp. will post 6.44 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $0.42 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.68 dividend on an annualized basis and a yield of 1.47%. 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 dated 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 transaction, the chief operating officer now directly owns 159,619 shares in the company, valued at approximately $18,544,535.42. This represents a 13.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 4.57% of the stock is owned by corporate insiders.

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.