Glenmede Trust Co. NA Cuts Position in Stifel Financial Corp. (NYSE:SF)

Glenmede Trust Co. NA reduced its stake in shares of Stifel Financial Corp. (NYSE:SF) by 1.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 229,187 shares of the financial services provider’s stock after selling 3,464 shares during the quarter. Glenmede Trust Co. NA owned approximately 0.22% of Stifel Financial worth $21,521,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in SF. Versant Capital Management Inc boosted its position in shares of Stifel Financial by 1,818.8% in the 2nd quarter. Versant Capital Management Inc now owns 307 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 291 shares in the last quarter. Waldron Private Wealth LLC acquired a new position in Stifel Financial during the 3rd quarter valued at approximately $34,000. GAMMA Investing LLC lifted its stake in shares of Stifel Financial by 27.7% during the third quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider’s stock worth $47,000 after buying an additional 109 shares during the period. Rothschild Investment LLC purchased a new stake in shares of Stifel Financial during the second quarter valued at $64,000. Finally, UMB Bank n.a. increased its position in shares of Stifel Financial by 36.6% in the 3rd quarter. UMB Bank n.a. now owns 870 shares of the financial services provider’s stock valued at $82,000 after acquiring an additional 233 shares during the period. Institutional investors own 82.01% of the company’s stock.

Insiders Place Their Bets

In other news, COO David D. Sliney sold 25,000 shares of Stifel Financial 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. The trade was a 13.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 4.57% of the stock is currently owned by corporate insiders.

Stifel Financial Stock Down 0.4 %

Shares of NYSE SF opened at $116.27 on Thursday. The firm has a market cap of $11.90 billion, a price-to-earnings ratio of 21.10 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 company’s 50-day simple moving average is $103.28 and its 200-day simple moving average is $90.14. 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 announced its 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). The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.20 billion. Stifel Financial had a return on equity of 14.92% and a net margin of 12.98%. The company’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same period last year, the firm earned $0.60 EPS. Equities analysts predict that Stifel Financial Corp. will post 6.44 EPS for the current fiscal year.

Stifel Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.42 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.68 annualized dividend and a dividend yield of 1.44%. Stifel Financial’s dividend payout ratio is presently 30.38%.

Wall Street Analyst Weigh In

SF has been the topic of several research reports. StockNews.com downgraded shares of Stifel Financial from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. TD Cowen boosted their target price on shares of Stifel Financial from $100.00 to $105.00 and gave the company a “hold” rating in a research report on Thursday, October 24th. The Goldman Sachs Group increased their price target on Stifel Financial from $85.00 to $94.00 and gave the stock a “neutral” rating in a research report on Thursday, September 26th. Wells Fargo & Company boosted their price objective on Stifel Financial from $113.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Finally, JMP Securities raised their target price on Stifel Financial from $105.00 to $110.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 9th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Stifel Financial presently has a consensus rating of “Hold” and a consensus target price of $103.17.

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.