Atria Investments Inc Sells 2,148 Shares of Stifel Financial Corp. (NYSE:SF)

Atria Investments Inc lowered its holdings in shares of Stifel Financial Corp. (NYSE:SF) by 10.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 19,037 shares of the financial services provider’s stock after selling 2,148 shares during the period. Atria Investments Inc’s holdings in Stifel Financial were worth $1,788,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of SF. BNP Paribas Financial Markets raised its stake in Stifel Financial by 16.9% during the first quarter. BNP Paribas Financial Markets now owns 8,223 shares of the financial services provider’s stock worth $643,000 after buying an additional 1,187 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in Stifel Financial by 5.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 134,977 shares of the financial services provider’s stock worth $10,551,000 after buying an additional 6,702 shares during the last quarter. Orion Portfolio Solutions LLC raised its stake in Stifel Financial by 10.4% during the first quarter. Orion Portfolio Solutions LLC now owns 51,831 shares of the financial services provider’s stock worth $4,052,000 after buying an additional 4,879 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new position in Stifel Financial during the first quarter worth $33,000. Finally, Vanguard Group Inc. grew its holdings in Stifel Financial by 3.9% in the first quarter. Vanguard Group Inc. now owns 10,461,734 shares of the financial services provider’s stock worth $817,794,000 after purchasing an additional 391,384 shares during the period. Institutional investors own 82.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on SF shares. The Goldman Sachs Group raised their price target 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. Wolfe Research downgraded shares of Stifel Financial from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 22nd. StockNews.com downgraded shares of Stifel Financial from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Citigroup boosted their target price on shares of Stifel Financial from $90.00 to $102.00 and gave the stock a “neutral” rating in a research report on Friday, September 27th. Finally, Wells Fargo & Company boosted their target price on shares of Stifel Financial from $113.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday. Six investment 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 a consensus rating of “Hold” and a consensus target price of $103.17.

Insider Activity at Stifel Financial

In other news, COO David D. Sliney sold 25,000 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $116.18, for a total value 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. This represents a 13.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.57% of the stock is currently owned by corporate insiders.

Stifel Financial Trading Down 1.0 %

Shares of SF stock opened at $114.44 on Friday. Stifel Financial Corp. has a 52-week low of $60.17 and a 52-week high of $118.12. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. The company has a 50-day simple moving average of $99.14 and a two-hundred day simple moving average of $88.41. The company has a market capitalization of $11.71 billion, a price-to-earnings ratio of 20.69 and a beta of 1.08.

Stifel Financial (NYSE:SF) last released its earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.10). The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Stifel Financial had a net margin of 12.98% and a return on equity of 14.92%. The firm’s revenue was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.60 earnings per share. Research analysts anticipate 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 paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.47%. 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.