Wellington Management Group LLP Raises Holdings in Stifel Financial Corp. (NYSE:SF)

Wellington Management Group LLP lifted its holdings in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 78.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,958,709 shares of the financial services provider's stock after acquiring an additional 860,465 shares during the period. Wellington Management Group LLP owned 1.91% of Stifel Financial worth $183,923,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. CIBC Asset Management Inc increased its position in Stifel Financial by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 3,019 shares of the financial services provider's stock worth $283,000 after purchasing an additional 102 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Stifel Financial by 27.7% in the 3rd quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider's stock valued at $47,000 after purchasing an additional 109 shares in the last quarter. Tributary Capital Management LLC raised its position in shares of Stifel Financial by 1.0% in the 3rd quarter. Tributary Capital Management LLC now owns 12,603 shares of the financial services provider's stock valued at $1,183,000 after purchasing an additional 126 shares in the last quarter. CWM LLC increased its holdings in shares of Stifel Financial by 3.8% in the 3rd quarter. CWM LLC now owns 3,940 shares of the financial services provider's stock valued at $370,000 after acquiring an additional 145 shares during the last quarter. Finally, OneDigital Investment Advisors LLC grew its stake in Stifel Financial by 3.5% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 4,954 shares of the financial services provider's stock worth $465,000 after buying an additional 166 shares during the last quarter. 82.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SF shares. StockNews.com lowered Stifel Financial from a "buy" rating to a "hold" rating in a research report on Thursday, October 3rd. JMP Securities upped their target price on Stifel Financial from $105.00 to $110.00 and gave the stock a "market outperform" rating in a research report on Wednesday, October 9th. Citigroup increased their price objective 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 increased their target price on Stifel Financial from $100.00 to $105.00 and gave the company a "hold" rating in a research note on Thursday, October 24th. Finally, 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 research report on Wednesday, November 13th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $103.17.

Stifel Financial Price Performance

Shares of NYSE:SF traded down $2.90 during trading on Monday, reaching $110.98. 444,338 shares of the company traded hands, compared to its average volume of 567,364. 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 52 week low of $64.47 and a 52 week high of $119.12. The firm has a market capitalization of $11.36 billion, a PE ratio of 20.59 and a beta of 1.08. The company's 50 day moving average is $106.85 and its two-hundred day moving average is $91.95.

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

Stifel Financial Dividend Announcement

The business also recently announced 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 is Monday, December 2nd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.51%. Stifel Financial's dividend payout ratio is presently 30.38%.

Insider Buying and Selling

In related news, COO David D. Sliney sold 25,000 shares of the business's stock in a transaction dated Tuesday, November 12th. The stock was 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 owns 159,619 shares in the company, valued at $18,544,535.42. The trade was a 13.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.57% of the stock is currently owned by corporate insiders.

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.