Fisher Asset Management LLC Boosts Stake in Stifel Financial Corp. (NYSE:SF)

Fisher Asset Management LLC boosted its stake in shares of Stifel Financial Corp. (NYSE:SF) by 4.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,464,421 shares of the financial services provider’s stock after purchasing an additional 65,113 shares during the period. Fisher Asset Management LLC owned about 1.43% of Stifel Financial worth $137,509,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of SF. Los Angeles Capital Management LLC raised its position in shares of Stifel Financial by 929.9% during the 2nd quarter. Los Angeles Capital Management LLC now owns 296,574 shares of the financial services provider’s stock valued at $24,957,000 after purchasing an additional 267,777 shares during the period. Icon Wealth Advisors LLC bought a new stake in Stifel Financial during the third quarter valued at about $12,290,000. Renaissance Technologies LLC purchased a new position in shares of Stifel Financial in the second quarter valued at about $7,415,000. Castleark Management LLC bought a new position in shares of Stifel Financial in the first quarter worth about $5,430,000. Finally, Acadian Asset Management LLC bought a new position in shares of Stifel Financial in the second quarter worth about $4,765,000. Institutional investors own 82.01% of the company’s stock.

Stifel Financial Stock Up 1.3 %

Shares of NYSE:SF opened at $117.72 on Tuesday. The company has a market cap of $12.05 billion, a price-to-earnings ratio of 21.29 and a beta of 1.08. Stifel Financial Corp. has a 12 month low of $60.17 and a 12 month high of $119.12. 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 50-day moving average price of $102.16 and a 200 day moving average price of $89.66.

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

Stifel Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Monday, December 2nd. Stifel Financial’s dividend payout ratio is currently 30.38%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SF shares. TD Cowen upped their price target on Stifel Financial from $100.00 to $105.00 and gave the stock a “hold” rating in a research note on Thursday, October 24th. Citigroup upped their target price on shares of Stifel Financial from $90.00 to $102.00 and gave the stock a “neutral” rating in a research report on Friday, September 27th. The Goldman Sachs Group raised their target price on shares of Stifel Financial from $85.00 to $94.00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. JMP Securities boosted their price target on shares of Stifel Financial from $105.00 to $110.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 9th. Finally, StockNews.com lowered Stifel Financial from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $103.17.

Insider Buying and Selling

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

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.