First Trust Advisors LP Grows Position in Stifel Financial Corporation (SF)

First Trust Advisors LP lifted its holdings in Stifel Financial Corporation (NYSE:SF) by 33.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,488 shares of the financial services provider’s stock after acquiring an additional 3,377 shares during the period. First Trust Advisors LP’s holdings in Stifel Financial were worth $721,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in SF. Fox Run Management L.L.C. acquired a new stake in Stifel Financial during the third quarter worth about $337,000. Strs Ohio grew its stake in Stifel Financial by 14.9% during the third quarter. Strs Ohio now owns 7,700 shares of the financial services provider’s stock worth $411,000 after buying an additional 1,000 shares in the last quarter. Oakbrook Investments LLC acquired a new stake in Stifel Financial during the third quarter worth about $241,000. Fisher Asset Management LLC grew its stake in Stifel Financial by 1.5% during the third quarter. Fisher Asset Management LLC now owns 2,078,578 shares of the financial services provider’s stock worth $111,121,000 after buying an additional 29,901 shares in the last quarter. Finally, Phocas Financial Corp. grew its stake in Stifel Financial by 4.7% during the second quarter. Phocas Financial Corp. now owns 100,131 shares of the financial services provider’s stock worth $4,604,000 after buying an additional 4,460 shares in the last quarter. Institutional investors and hedge funds own 88.58% of the company’s stock.

A number of equities research analysts have issued reports on SF shares. Zacks Investment Research downgraded shares of Stifel Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Nomura increased their price objective on shares of Stifel Financial from $56.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 31st. Wells Fargo & Company upgraded shares of Stifel Financial from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $56.00 to $64.00 in a research note on Friday, December 1st. BidaskClub cut shares of Stifel Financial from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Finally, JMP Securities reissued a “neutral” rating on shares of Stifel Financial in a report on Friday, August 18th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $58.67.

In related news, Vice Chairman Ben A. Plotkin sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $53.70, for a total value of $1,074,000.00. Following the completion of the transaction, the insider now owns 96,226 shares in the company, valued at approximately $5,167,336.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Mark P. Fisher sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $52.30, for a total transaction of $261,500.00. Following the completion of the transaction, the vice president now owns 21,369 shares of the company’s stock, valued at approximately $1,117,598.70. The disclosure for this sale can be found here. Insiders sold 54,304 shares of company stock valued at $2,869,480 in the last three months. Company insiders own 3.60% of the company’s stock.

Stifel Financial Corporation (SF) traded down $0.08 during mid-day trading on Thursday, hitting $58.28. 307,500 shares of the stock were exchanged, compared to its average volume of 422,938. The company has a market capitalization of $3,995.75, a PE ratio of 18.18, a P/E/G ratio of 1.41 and a beta of 1.70. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.67 and a quick ratio of 0.61. Stifel Financial Corporation has a 52-week low of $41.93 and a 52-week high of $60.92.

Stifel Financial (NYSE:SF) last posted its earnings results on Monday, October 30th. The financial services provider reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.06. The firm had revenue of $721.20 million during the quarter, compared to analysts’ expectations of $701.12 million. Stifel Financial had a net margin of 7.61% and a return on equity of 9.78%. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.69 earnings per share. sell-side analysts forecast that Stifel Financial Corporation will post 3.45 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.10 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.69%. Stifel Financial’s dividend payout ratio (DPR) is currently 15.94%.

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About Stifel Financial

Stifel Financial Corp. is a financial holding company. Its principal subsidiary is Stifel, Nicolaus & Company, Incorporated, a retail and institutional wealth management and investment banking firm. It operates through three segments: Global Wealth Management, Institutional Group and Other. The Global Wealth Management segment consists of the Private Client Group and Stifel Bank businesses.

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

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