Kovitz Investment Group Partners LLC Has $360,000 Stock Position in Stifel Financial Corp. (NYSE:SF)

Kovitz Investment Group Partners LLC grew its holdings in shares of Stifel Financial Corp. (NYSE:SF) by 23.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,962 shares of the financial services provider’s stock after buying an additional 757 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Stifel Financial were worth $360,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in SF. Cetera Advisors LLC purchased a new position in Stifel Financial during the first quarter worth about $265,000. SG Americas Securities LLC purchased a new position in Stifel Financial during the second quarter worth about $1,543,000. Wealth Enhancement Advisory Services LLC boosted its holdings in Stifel Financial by 21.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,093 shares of the financial services provider’s stock worth $513,000 after purchasing an additional 1,065 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in Stifel Financial by 6.0% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 18,188 shares of the financial services provider’s stock worth $1,531,000 after purchasing an additional 1,024 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in Stifel Financial by 268.6% during the second quarter. Blue Trust Inc. now owns 8,798 shares of the financial services provider’s stock worth $688,000 after purchasing an additional 6,411 shares during the last quarter. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Stifel Financial Stock Performance

NYSE SF opened at $110.58 on Friday. The company’s 50 day moving average is $108.53 and its 200-day moving average is $92.84. Stifel Financial Corp. has a 12-month low of $65.63 and a 12-month high of $119.12. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. The firm has a market cap of $11.32 billion, a P/E ratio of 20.00 and a beta of 1.08.

Stifel Financial (NYSE:SF) last posted 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 the consensus estimate of $1.20 billion. During the same period last year, the firm earned $0.60 EPS. The business’s revenue for the quarter was up 17.2% on a year-over-year basis. Sell-side analysts predict that Stifel Financial Corp. will post 6.44 earnings per share for the current year.

Stifel Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend is Monday, December 2nd. Stifel Financial’s dividend payout ratio (DPR) is currently 30.38%.

Analyst Ratings Changes

Several research analysts recently weighed in on SF shares. TD Cowen boosted their price target on shares of Stifel Financial from $100.00 to $105.00 and gave the stock a “hold” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. started coverage on shares of Stifel Financial in a research note on Tuesday. They issued a “neutral” rating and a $120.00 target price on the stock. Citigroup boosted their target price on shares of Stifel Financial from $90.00 to $102.00 and gave the company a “neutral” rating in a research note on Friday, September 27th. The Goldman Sachs Group boosted their target price on shares of Stifel Financial from $85.00 to $94.00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. Finally, JMP Securities boosted their target price on shares of Stifel Financial from $105.00 to $110.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 9th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $105.57.

Insider Activity

In related news, COO David D. Sliney sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $116.18, for a total transaction of $2,904,500.00. Following the sale, the chief operating officer now owns 159,619 shares of the company’s stock, valued at approximately $18,544,535.42. This represents a 13.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 4.57% of the company’s stock.

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.