Victory Capital Management Inc. Lowers Stake in Stifel Financial Corp. (NYSE:SF)

Victory Capital Management Inc. trimmed its stake in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 34.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,792 shares of the financial services provider's stock after selling 38,728 shares during the quarter. Victory Capital Management Inc. owned 0.07% of Stifel Financial worth $6,929,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SF. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of Stifel Financial in the first quarter valued at approximately $33,000. Vanguard Group Inc. raised its position in shares of Stifel Financial by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 10,461,734 shares of the financial services provider's stock worth $817,794,000 after buying an additional 391,384 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in Stifel Financial by 35.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 10,227 shares of the financial services provider's stock valued at $799,000 after buying an additional 2,649 shares during the period. Bessemer Group Inc. lifted its holdings in shares of Stifel Financial by 388.3% during the 1st quarter. Bessemer Group Inc. now owns 796 shares of the financial services provider's stock valued at $62,000 after acquiring an additional 633 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its position in shares of Stifel Financial by 3.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 92,496 shares of the financial services provider's stock worth $7,229,000 after buying an additional 3,008 shares during the period. Institutional investors and hedge funds own 82.01% of the company's stock.

Insider Activity

In related news, COO David D. Sliney sold 25,000 shares of the business's stock in a transaction that occurred 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 transaction, the chief operating officer now owns 159,619 shares of the company's stock, valued at approximately $18,544,535.42. The trade was a 13.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.57% of the company's stock.

Stifel Financial Stock Performance

Shares of Stifel Financial stock traded up $1.52 on Friday, hitting $116.53. The stock had a trading volume of 208,517 shares, compared to its average volume of 568,700. The stock has a market cap of $11.93 billion, a price-to-earnings ratio of 20.80 and a beta of 1.08. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. Stifel Financial Corp. has a twelve month low of $60.17 and a twelve month high of $118.12. The business's 50 day moving average is $100.94 and its two-hundred day moving average is $89.16.

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). 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 the consensus estimate of $1.20 billion. During the same period in the previous year, the firm posted $0.60 EPS. The business's quarterly revenue was up 17.2% compared to the same quarter last year. Analysts forecast that Stifel Financial Corp. will post 6.44 EPS for the current year.

Stifel Financial Announces Dividend

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 paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.44%. The ex-dividend date is Monday, December 2nd. Stifel Financial's dividend payout ratio (DPR) is presently 30.38%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Wells Fargo & Company lifted their target price on Stifel Financial from $113.00 to $130.00 and gave the company an "overweight" rating in a research note on Wednesday, November 13th. JMP Securities raised their target price on 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 upped their target price on Stifel Financial from $90.00 to $102.00 and gave the company a "neutral" rating in a report on Friday, September 27th. TD Cowen lifted their price objective on shares of Stifel Financial from $100.00 to $105.00 and gave the stock a "hold" rating in a research report on Thursday, October 24th. Finally, StockNews.com cut 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 given a buy rating to the stock. According to data from MarketBeat.com, Stifel Financial currently has an average rating of "Hold" and a consensus price target of $103.17.

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.