Fmr LLC Has $747.11 Million Position in Stifel Financial Corp. (NYSE:SF)

Fmr LLC increased its holdings in shares of Stifel Financial Corp. (NYSE:SFFree Report) by 18.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 about 0.08% of Stifel Financial worth $747,107,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Bank of Montreal Can increased its holdings in shares of Stifel Financial by 6.0% during the 3rd quarter. Bank of Montreal Can now owns 54,863 shares of the financial services provider’s stock worth $5,138,000 after acquiring an additional 3,112 shares during the last quarter. Fisher Asset Management LLC grew its holdings in Stifel Financial by 4.7% in the 3rd 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 grew its holdings in Stifel Financial by 4,308.9% in the 3rd 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 grew its holdings in Stifel Financial by 10.1% in the 3rd 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 position in Stifel Financial in the 3rd quarter valued at $274,000. 82.01% of the stock is owned by institutional investors and hedge funds.

Stifel Financial Price Performance

Shares of SF stock opened at $116.28 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. Stifel Financial Corp. has a twelve month low of $60.17 and a twelve month high of $119.12. The company has a market cap of $11.90 billion, a P/E ratio of 21.03 and a beta of 1.08. The business has a fifty day simple moving average of $103.81 and a 200 day simple moving average of $90.32.

Stifel Financial (NYSE:SFGet Free Report) 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. On average, sell-side analysts forecast that Stifel Financial Corp. will post 6.44 EPS for the current fiscal year.

Stifel Financial Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on SF shares. Citigroup upped their price objective on Stifel Financial from $90.00 to $102.00 and gave the company a “neutral” rating in a report on Friday, September 27th. JMP Securities upped their price objective on Stifel Financial from $105.00 to $110.00 and gave the company a “market outperform” rating in a report on Wednesday, October 9th. TD Cowen upped their target price on Stifel Financial from $100.00 to $105.00 and gave the company a “hold” rating in a research report on Thursday, October 24th. The Goldman Sachs Group upped their target price on Stifel Financial from $85.00 to $94.00 and gave the company a “neutral” rating in a research report on Thursday, September 26th. Finally, StockNews.com downgraded Stifel Financial from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $103.17.

Read Our Latest Report on SF

Insider Buying and Selling at Stifel Financial

In other Stifel Financial news, COO David D. Sliney sold 25,000 shares of the 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 directly owns 159,619 shares in the company, valued at approximately $18,544,535.42. This trade represents a 13.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 4.57% of the company’s stock.

Stifel Financial Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Stifel Financial (NYSE:SF)

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