Zions Bancorporation N.A. Has $2.54 Million Holdings in Stifel Financial Corp. (NYSE:SF)

Zions Bancorporation N.A. lifted its position in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 19.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,034 shares of the financial services provider's stock after purchasing an additional 4,367 shares during the period. Zions Bancorporation N.A.'s holdings in Stifel Financial were worth $2,538,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. KBC Group NV increased its position in Stifel Financial by 11.5% in the 3rd quarter. KBC Group NV now owns 2,855 shares of the financial services provider's stock valued at $268,000 after acquiring an additional 295 shares during the period. Chase Investment Counsel Corp increased its position in Stifel Financial by 2.6% during the 3rd quarter. Chase Investment Counsel Corp now owns 42,003 shares of the financial services provider's stock worth $3,944,000 after purchasing an additional 1,080 shares during the period. GSA Capital Partners LLP acquired a new position in Stifel Financial during the 3rd quarter worth approximately $235,000. Los Angeles Capital Management LLC increased its position in Stifel Financial by 2.9% during the 3rd quarter. Los Angeles Capital Management LLC now owns 305,055 shares of the financial services provider's stock worth $28,645,000 after purchasing an additional 8,481 shares during the period. Finally, Meritage Portfolio Management increased its position in Stifel Financial by 9.3% during the 3rd quarter. Meritage Portfolio Management now owns 7,005 shares of the financial services provider's stock worth $658,000 after purchasing an additional 596 shares during the period. Institutional investors and hedge funds own 82.01% of the company's stock.

Analyst Upgrades and Downgrades

SF has been the topic of several research analyst reports. JMP Securities boosted their price target 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. Wells Fargo & Company upped 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. Citigroup upped their target price on Stifel Financial from $90.00 to $102.00 and gave the company a "neutral" rating in a research note on Friday, September 27th. Wolfe Research lowered Stifel Financial from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 22nd. Finally, The Goldman Sachs Group upped their target price on Stifel Financial from $85.00 to $94.00 and gave the company a "neutral" rating in a research note on Thursday, September 26th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, Stifel Financial presently has a consensus rating of "Hold" and a consensus price target of $103.17.

Stifel Financial Stock Performance

SF traded up $0.37 on Thursday, hitting $115.57. 457,810 shares of the stock traded hands, compared to its average volume of 568,004. Stifel Financial Corp. has a 52 week low of $60.17 and a 52 week high of $118.12. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $11.83 billion, a PE ratio of 20.92 and a beta of 1.08. The business has a fifty day moving average price of $97.92 and a two-hundred day moving average price of $87.99.

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 (EPS) for the quarter, missing the consensus estimate of $1.60 by ($0.10). The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.20 billion. Stifel Financial had a return on equity of 14.92% and a net margin of 12.98%. The firm's quarterly revenue was up 17.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.60 EPS. On average, research analysts predict that Stifel Financial Corp. will post 6.44 EPS 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. Investors of record on Monday, December 2nd will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Monday, December 2nd. Stifel Financial's payout ratio is currently 30.38%.

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.