Pitcairn Co. Cuts Stock Position in Stifel Financial Corp. (NYSE:SF)

Pitcairn Co. decreased its position in shares of Stifel Financial Corp. (NYSE:SF) by 12.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,005 shares of the financial services provider’s stock after selling 1,029 shares during the period. Pitcairn Co.’s holdings in Stifel Financial were worth $658,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Earnest Partners LLC increased its holdings in shares of Stifel Financial by 0.8% during the second quarter. Earnest Partners LLC now owns 2,954,099 shares of the financial services provider’s stock valued at $248,587,000 after acquiring an additional 22,040 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Stifel Financial by 0.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,007,738 shares of the financial services provider’s stock valued at $168,932,000 after purchasing an additional 7,113 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Stifel Financial by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 1,189,048 shares of the financial services provider’s stock worth $100,058,000 after buying an additional 7,348 shares during the last quarter. Fiera Capital Corp lifted its stake in shares of Stifel Financial by 1.2% during the second quarter. Fiera Capital Corp now owns 678,575 shares of the financial services provider’s stock worth $57,102,000 after buying an additional 8,048 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Stifel Financial by 1.7% during the second quarter. Envestnet Asset Management Inc. now owns 514,413 shares of the financial services provider’s stock valued at $43,288,000 after buying an additional 8,810 shares during the last quarter. 82.01% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Stifel Financial

In related news, COO David D. Sliney sold 25,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief operating officer now owns 159,619 shares of the company’s stock, 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. Insiders own 4.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on SF shares. JMP Securities raised their price objective on Stifel Financial from $105.00 to $110.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group lifted their price objective on Stifel Financial from $85.00 to $94.00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. Citigroup upped their target price on Stifel Financial from $90.00 to $102.00 and gave the stock a “neutral” rating in a research note on Friday, September 27th. TD Cowen lifted their price target on Stifel Financial from $100.00 to $105.00 and gave the company a “hold” rating in a research report on Thursday, October 24th. Finally, Wells Fargo & Company boosted their price target on Stifel Financial from $113.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $103.17.

Stifel Financial Stock Up 1.3 %

SF stock opened at $117.72 on Tuesday. The stock has a market capitalization of $12.05 billion, a P/E ratio of 21.29 and a beta of 1.08. Stifel Financial Corp. has a 52 week low of $60.17 and a 52 week high of $119.12. The firm has a 50-day simple moving average of $102.16 and a 200-day simple moving average of $89.66. 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 (NYSE:SF) last released its earnings results 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 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 last year, the business earned $0.60 EPS. The business’s revenue was up 17.2% compared to the same quarter last year. Equities analysts forecast that Stifel Financial Corp. will post 6.44 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

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 given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Monday, December 2nd. Stifel Financial’s dividend payout ratio (DPR) is 30.38%.

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.