Stifel Financial Corp. (NYSE:SF) Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC cut its holdings in Stifel Financial Corp. (NYSE:SF) by 18.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,171 shares of the financial services provider’s stock after selling 3,283 shares during the quarter. Park Avenue Securities LLC’s holdings in Stifel Financial were worth $1,331,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted 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 last quarter. Fidelis Capital Partners LLC bought a new stake in shares of Stifel Financial in the 1st quarter worth about $32,000. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Stifel Financial during the first quarter valued at approximately $33,000. Bessemer Group Inc. lifted its stake in Stifel Financial by 388.3% during the first quarter. Bessemer Group Inc. now owns 796 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 633 shares during the last quarter. Finally, Rothschild Investment LLC bought a new position in shares of Stifel Financial in the 2nd quarter worth about $64,000. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

Stifel Financial Trading Down 0.1 %

Shares of NYSE SF opened at $95.79 on Tuesday. The business has a 50 day simple moving average of $87.19 and a 200 day simple moving average of $82.77. Stifel Financial Corp. has a 52 week low of $54.81 and a 52 week high of $96.89. The stock has a market cap of $9.82 billion, a price-to-earnings ratio of 21.77 and a beta of 1.09. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.80 and a current ratio of 0.84.

Stifel Financial (NYSE:SF) last posted its earnings results on Wednesday, July 24th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.06. Stifel Financial had a net margin of 11.59% and a return on equity of 13.24%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the business posted $1.20 EPS. Stifel Financial’s revenue was up 15.9% compared to the same quarter last year. On average, research analysts predict that Stifel Financial Corp. will post 6.55 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were given a $0.42 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $1.68 annualized dividend and a yield of 1.75%. Stifel Financial’s dividend payout ratio is 38.18%.

Analysts Set New Price Targets

SF has been the topic of several recent research reports. Wolfe Research downgraded Stifel Financial from an “outperform” rating to a “peer perform” rating in a report on Monday, July 22nd. Citigroup lifted their target price on Stifel Financial from $90.00 to $102.00 and gave the stock a “neutral” rating in a report on Friday, September 27th. Wells Fargo & Company initiated coverage on Stifel Financial in a research report on Thursday, September 12th. They set an “overweight” rating and a $101.00 price objective for the company. The Goldman Sachs Group raised 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. Finally, TD Cowen raised their target price on Stifel Financial from $85.00 to $88.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $94.67.

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.