First Trust Advisors LP Grows Holdings in Stifel Financial Corporation (NYSE:SF)

First Trust Advisors LP grew its holdings in Stifel Financial Corporation (NYSE:SF) by 33.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,488 shares of the financial services provider’s stock after purchasing an additional 3,377 shares during the quarter. First Trust Advisors LP’s holdings in Stifel Financial were worth $721,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Fox Run Management L.L.C. acquired a new position in Stifel Financial during the 3rd quarter worth approximately $337,000. Strs Ohio raised its stake in Stifel Financial by 14.9% during the 3rd 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 during the period. Oakbrook Investments LLC acquired a new position in Stifel Financial during the 3rd quarter worth approximately $241,000. Fisher Asset Management LLC raised its stake in shares of Stifel Financial by 1.5% in 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 purchasing an additional 29,901 shares during the last quarter. Finally, Phocas Financial Corp. raised its stake in shares of Stifel Financial by 4.7% in the second quarter. Phocas Financial Corp. now owns 100,131 shares of the financial services provider’s stock worth $4,604,000 after purchasing an additional 4,460 shares during the last quarter. 88.54% of the stock is currently owned by institutional investors.

Shares of Stifel Financial Corporation (NYSE:SF) traded down $0.34 during midday trading on Friday, reaching $59.56. The company’s stock had a trading volume of 349,401 shares, compared to its average volume of 426,464. Stifel Financial Corporation has a 1-year low of $41.93 and a 1-year high of $61.47. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $4,101.19, a price-to-earnings ratio of 23.73, a price-to-earnings-growth ratio of 1.45 and a beta of 1.70.

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

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date was Thursday, November 30th. Stifel Financial’s payout ratio is currently 15.94%.

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

Several equities analysts have recently issued reports on SF shares. Zacks Investment Research raised Stifel Financial from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a report on Thursday, October 5th. Nomura upped their target price on Stifel Financial from $56.00 to $58.00 and gave the company a “neutral” rating in a report on Tuesday, October 31st. Finally, Wells Fargo & Co raised Stifel Financial from a “market perform” rating to an “outperform” rating and upped their target price for the company from $56.00 to $64.00 in a report on Friday, December 1st. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Stifel Financial currently has an average rating of “Hold” and a consensus target price of $58.67.

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Stifel Financial Company Profile

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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