AMG National Trust Bank Sells 762 Shares of Stifel Financial Corp. (NYSE:SF)

AMG National Trust Bank reduced its holdings in shares of Stifel Financial Corp. (NYSE:SF) by 3.6% in the third quarter, HoldingsChannel.com reports. The fund owned 20,372 shares of the financial services provider’s stock after selling 762 shares during the quarter. AMG National Trust Bank’s holdings in Stifel Financial were worth $1,913,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in SF. Natixis Advisors LLC lifted its stake in Stifel Financial by 14.4% in the third quarter. Natixis Advisors LLC now owns 69,982 shares of the financial services provider’s stock valued at $6,571,000 after buying an additional 8,824 shares during the period. CIBC Asset Management Inc lifted its position in shares of Stifel Financial by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 3,019 shares of the financial services provider’s stock valued at $283,000 after acquiring an additional 102 shares during the period. OneDigital Investment Advisors LLC lifted its position in shares of Stifel Financial by 3.5% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 4,954 shares of the financial services provider’s stock valued at $465,000 after acquiring an additional 166 shares during the period. Curi RMB Capital LLC grew its holdings in Stifel Financial by 15.7% in the third quarter. Curi RMB Capital LLC now owns 69,301 shares of the financial services provider’s stock worth $6,507,000 after purchasing an additional 9,396 shares during the period. Finally, Zions Bancorporation N.A. grew its holdings in Stifel Financial by 19.3% in the third quarter. Zions Bancorporation N.A. now owns 27,034 shares of the financial services provider’s stock worth $2,538,000 after purchasing an additional 4,367 shares during the period. 82.01% of the stock is owned by institutional investors.

Stifel Financial Trading Down 0.1 %

Shares of Stifel Financial stock opened at $114.32 on Tuesday. The company has a market capitalization of $11.70 billion, a P/E ratio of 20.67 and a beta of 1.08. The stock has a fifty day simple moving average of $99.74 and a 200 day simple moving average of $88.77. Stifel Financial Corp. has a 12-month low of $60.17 and a 12-month high of $118.12. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.27.

Stifel Financial (NYSE:SF) last announced its earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 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 firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the company earned $0.60 EPS. The business’s revenue for the quarter was up 17.2% on a year-over-year basis. On average, sell-side analysts anticipate that Stifel Financial Corp. will post 6.44 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.42 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.47%. Stifel Financial’s payout ratio is presently 30.38%.

Analysts Set New Price Targets

SF has been the topic of a number of research analyst reports. Citigroup increased their price objective 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. TD Cowen raised their price objective on Stifel Financial from $100.00 to $105.00 and gave the company a “hold” rating in a research note on Thursday, October 24th. StockNews.com lowered Stifel Financial from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Wells Fargo & Company increased their target price on Stifel Financial from $113.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Finally, Wolfe Research lowered shares of Stifel Financial from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 22nd. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $103.17.

Insider Activity

In other Stifel Financial news, COO David D. Sliney sold 25,000 shares of the business’s stock in a transaction on 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 transaction, the chief operating officer now owns 159,619 shares of the company’s stock, valued at approximately $18,544,535.42. The trade was a 13.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.57% of the stock is currently owned by corporate insiders.

About Stifel Financial

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.