Natixis Advisors LLC Buys 8,824 Shares of Stifel Financial Corp. (NYSE:SF)

Natixis Advisors LLC raised its stake in Stifel Financial Corp. (NYSE:SF) by 14.4% in the third quarter, Holdings Channel reports. The firm owned 69,982 shares of the financial services provider’s stock after acquiring an additional 8,824 shares during the quarter. Natixis Advisors LLC’s holdings in Stifel Financial were worth $6,571,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Versant Capital Management Inc raised its holdings in shares of Stifel Financial by 1,818.8% in the 2nd quarter. Versant Capital Management Inc now owns 307 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 291 shares during the period. Mitsubishi UFJ Trust & Banking Corp bought a new position in Stifel Financial during the first quarter worth about $33,000. Waldron Private Wealth LLC acquired a new position in Stifel Financial during the third quarter worth 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 during the period. Finally, Bessemer Group Inc. lifted its position in shares of Stifel Financial by 388.3% in the first quarter. Bessemer Group Inc. now owns 796 shares of the financial services provider’s stock valued at $62,000 after buying an additional 633 shares during the last quarter. Institutional investors and hedge funds own 82.01% of the company’s stock.

Insider Buying and Selling

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 stock was sold at an average price of $116.18, for a total value 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 $18,544,535.42. This represents 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 owned by corporate insiders.

Stifel Financial Stock Up 1.0 %

NYSE SF opened at $116.18 on Friday. Stifel Financial Corp. has a fifty-two week low of $60.17 and a fifty-two week high of $118.12. The business has a fifty day moving average price of $101.55 and a two-hundred day moving average price of $89.34. 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 $11.89 billion, a PE ratio of 21.01 and a beta of 1.08.

Stifel Financial (NYSE:SF) last announced its quarterly earnings data 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 return on equity of 14.92% and a net margin of 12.98%. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the company earned $0.60 earnings per share. Stifel Financial’s quarterly revenue was up 17.2% compared to the same quarter last year. Equities 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. Investors of record on Monday, December 2nd will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Monday, December 2nd. Stifel Financial’s dividend payout ratio (DPR) is presently 30.38%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SF. Citigroup increased their price target on Stifel Financial from $90.00 to $102.00 and gave the company a “neutral” rating in a research note on Friday, September 27th. JMP Securities increased their price objective on shares of Stifel Financial from $105.00 to $110.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group lifted their target price on shares of Stifel Financial from $85.00 to $94.00 and gave the stock a “neutral” rating in a report on Thursday, September 26th. StockNews.com lowered Stifel Financial from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. Finally, TD Cowen lifted their price target on shares of Stifel Financial from $100.00 to $105.00 and gave the company a “hold” rating in a research report 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 company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $103.17.

About Stifel Financial

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.