Fmr LLC Buys 1,256,595 Shares of Stifel Financial Corp. (NYSE:SF)

Fmr LLC raised its stake in shares of Stifel Financial Corp. (NYSE:SF) by 18.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,956,412 shares of the financial services provider’s stock after acquiring an additional 1,256,595 shares during the quarter. Fmr LLC owned approximately 7.77% of Stifel Financial worth $747,107,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Bank of Montreal Can increased its stake in shares of Stifel Financial by 6.0% in the third quarter. Bank of Montreal Can now owns 54,863 shares of the financial services provider’s stock valued at $5,138,000 after buying an additional 3,112 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of Stifel Financial by 4.7% in the third quarter. Fisher Asset Management LLC now owns 1,464,421 shares of the financial services provider’s stock valued at $137,509,000 after buying an additional 65,113 shares in the last quarter. Larson Financial Group LLC increased its stake in shares of Stifel Financial by 4,308.9% in the third quarter. Larson Financial Group LLC now owns 5,423 shares of the financial services provider’s stock valued at $509,000 after buying an additional 5,300 shares in the last quarter. Algert Global LLC increased its stake in shares of Stifel Financial by 10.1% in the third quarter. Algert Global LLC now owns 92,685 shares of the financial services provider’s stock valued at $8,703,000 after buying an additional 8,520 shares in the last quarter. Finally, Kingsview Wealth Management LLC acquired a new stake in Stifel Financial in the third quarter worth about $274,000. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Stifel Financial Trading Down 0.3 %

NYSE:SF opened at $116.28 on Friday. Stifel Financial Corp. has a fifty-two week low of $60.17 and a fifty-two week high of $119.12. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78. The stock has a market capitalization of $11.90 billion, a PE ratio of 21.03 and a beta of 1.08. The business’s 50-day simple moving average is $103.81 and its 200-day simple moving average is $90.32.

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

Stifel Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Monday, December 2nd. Stifel Financial’s dividend payout ratio (DPR) is 30.38%.

Analyst Ratings Changes

A number of analysts recently commented on the company. Wells Fargo & Company lifted 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. The Goldman Sachs Group lifted their price objective on Stifel Financial from $85.00 to $94.00 and gave the stock a “neutral” rating in a research report on Thursday, September 26th. JMP Securities lifted their price objective 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. StockNews.com lowered Stifel Financial from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Finally, TD Cowen lifted their price objective on Stifel Financial from $100.00 to $105.00 and gave the stock a “hold” rating in a research report on Thursday, October 24th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $103.17.

Insiders Place Their Bets

In other Stifel Financial news, COO David D. Sliney sold 25,000 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at $18,544,535.42. The trade was a 13.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 4.57% of the company’s stock.

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.