Hotchkis & Wiley Capital Management LLC Trims Stock Holdings in Stifel Financial Corp. (NYSE:SF)

Hotchkis & Wiley Capital Management LLC cut its stake in Stifel Financial Corp. (NYSE:SF) by 9.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 470,774 shares of the financial services provider’s stock after selling 46,310 shares during the period. Hotchkis & Wiley Capital Management LLC’s holdings in Stifel Financial were worth $44,206,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its position in Stifel Financial by 4.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 51,865 shares of the financial services provider’s stock worth $4,055,000 after purchasing an additional 2,419 shares during the period. Comerica Bank increased its position in Stifel Financial by 7.7% during the first quarter. Comerica Bank now owns 52,358 shares of the financial services provider’s stock valued at $4,093,000 after acquiring an additional 3,747 shares during the last quarter. Atria Investments Inc purchased a new stake in Stifel Financial in the 1st quarter worth $1,640,000. Cetera Advisors LLC acquired a new stake in shares of Stifel Financial in the 1st quarter valued at about $265,000. Finally, DekaBank Deutsche Girozentrale bought a new position in Stifel Financial during the first quarter worth about $113,000. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Stifel Financial Price Performance

Stifel Financial stock opened at $114.74 on Tuesday. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $11.74 billion, a PE ratio of 20.75 and a beta of 1.08. The stock has a 50-day moving average price of $105.19 and a two-hundred day moving average price of $91.05. Stifel Financial Corp. has a 12 month low of $62.79 and a 12 month high of $119.12.

Stifel Financial (NYSE:SF) last posted its earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.10). The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Stifel Financial had a return on equity of 14.92% and a net margin of 12.98%. The business’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.60 earnings per share. Analysts expect that Stifel Financial Corp. will post 6.44 EPS for the current year.

Stifel Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.68 annualized dividend and a yield of 1.46%. Stifel Financial’s payout ratio is 30.38%.

Insider Buying and Selling at Stifel Financial

In other Stifel Financial news, COO David D. Sliney sold 25,000 shares of the firm’s 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 sale, the chief operating officer now owns 159,619 shares of the company’s stock, valued at $18,544,535.42. This trade represents a 13.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 4.57% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.