Stifel Financial Corp. (NYSE:SF) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP cut its holdings in Stifel Financial Corp. (NYSE:SF) by 22.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,816 shares of the financial services provider’s stock after selling 3,148 shares during the quarter. Bridgewater Associates LP’s holdings in Stifel Financial were worth $1,016,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of SF. FMR LLC increased its stake in Stifel Financial by 18.8% in the third quarter. FMR LLC now owns 7,956,412 shares of the financial services provider’s stock valued at $747,107,000 after purchasing an additional 1,256,595 shares during the period. Los Angeles Capital Management LLC increased its stake in shares of Stifel Financial by 929.9% during the second quarter. Los Angeles Capital Management LLC now owns 296,574 shares of the financial services provider’s stock worth $24,957,000 after acquiring an additional 267,777 shares during the period. Icon Wealth Advisors LLC acquired a new position in shares of Stifel Financial during the third quarter worth about $12,290,000. Renaissance Technologies LLC acquired a new position in shares of Stifel Financial during the second quarter worth about $7,415,000. Finally, Fisher Asset Management LLC increased its stake in shares of Stifel Financial by 4.7% during the third quarter. Fisher Asset Management LLC now owns 1,464,421 shares of the financial services provider’s stock worth $137,509,000 after acquiring an additional 65,113 shares during the period. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Stifel Financial Trading Down 0.4 %

Shares of SF opened at $115.80 on Monday. 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’s 50-day moving average is $104.74 and its two-hundred day moving average is $90.78. Stifel Financial Corp. has a twelve month low of $60.45 and a twelve month high of $119.12. The firm has a market capitalization of $11.85 billion, a P/E ratio of 20.94 and a beta of 1.08.

Stifel Financial (NYSE:SF) last announced its quarterly earnings results 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). Stifel Financial had a net margin of 12.98% and a return on equity of 14.92%. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the company earned $0.60 EPS. The firm’s revenue for the quarter was up 17.2% on a year-over-year basis. On average, research analysts predict that Stifel Financial Corp. will post 6.44 earnings per share 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. Shareholders of record on Monday, December 2nd will be issued a $0.42 dividend. 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%.

Wall Street Analysts Forecast Growth

SF has been the topic of a number of recent analyst reports. The Goldman Sachs Group boosted their price target on shares of Stifel Financial from $85.00 to $94.00 and gave the stock a “neutral” rating in a research note on Thursday, September 26th. Citigroup boosted their price target on shares of Stifel Financial from $90.00 to $102.00 and gave the stock a “neutral” rating in a research note on Friday, September 27th. Wells Fargo & Company boosted their price target on shares of Stifel Financial from $113.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. JMP Securities boosted their price target on shares of Stifel Financial from $105.00 to $110.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 9th. Finally, TD Cowen upped their target price on shares of Stifel Financial from $100.00 to $105.00 and gave the stock a “hold” rating in a research report on Thursday, October 24th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $103.17.

Insider Buying and Selling at Stifel Financial

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 shares were sold at an average price of $116.18, for a total value of $2,904,500.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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.