130,880 Shares in Stifel Financial Corp. (NYSE:SF) Bought by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC acquired a new position in shares of Stifel Financial Corp. (NYSE:SF) in the third quarter, HoldingsChannel reports. The fund acquired 130,880 shares of the financial services provider’s stock, valued at approximately $12,290,000. Stifel Financial accounts for 0.5% of Icon Wealth Advisors LLC’s holdings, making the stock its 25th biggest holding.

Other institutional investors have also made changes to their positions in the company. CIBC Asset Management Inc grew its stake in Stifel Financial by 3.5% in the third quarter. CIBC Asset Management Inc now owns 3,019 shares of the financial services provider’s stock valued at $283,000 after acquiring an additional 102 shares during the period. GAMMA Investing LLC grew its holdings 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 in the last quarter. Tributary Capital Management LLC boosted its position in Stifel Financial by 1.0% during the 3rd quarter. Tributary Capital Management LLC now owns 12,603 shares of the financial services provider’s stock worth $1,183,000 after acquiring an additional 126 shares during the last quarter. CWM LLC lifted its position in shares of Stifel Financial by 3.8% in the third quarter. CWM LLC now owns 3,940 shares of the financial services provider’s stock worth $370,000 after purchasing an additional 145 shares in the last quarter. Finally, OneDigital Investment Advisors LLC lifted its position in shares of Stifel Financial by 3.5% in the third quarter. OneDigital Investment Advisors LLC now owns 4,954 shares of the financial services provider’s stock worth $465,000 after purchasing an additional 166 shares in the last quarter. 82.01% of the stock is owned by institutional investors and hedge funds.

Stifel Financial Stock Performance

Shares of NYSE:SF opened at $115.05 on Friday. Stifel Financial Corp. has a 1 year low of $60.17 and a 1 year high of $118.12. The company’s 50 day simple moving average is $100.94 and its 200 day simple moving average is $89.16. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78. The stock has a market capitalization of $11.78 billion, a price-to-earnings ratio of 20.80 and a beta of 1.08.

Stifel Financial (NYSE:SF) last issued 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 company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.20 billion. Stifel Financial had a net margin of 12.98% and a return on equity of 14.92%. The business’s quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.60 EPS. As a group, research analysts predict that Stifel Financial Corp. will post 6.44 EPS 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. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date is Monday, December 2nd. Stifel Financial’s payout ratio is 30.38%.

Insider Transactions at Stifel Financial

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

Analysts Set New Price Targets

A number of brokerages have recently commented on SF. StockNews.com lowered shares of Stifel Financial from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Wells Fargo & Company increased their price objective on Stifel Financial from $113.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. JMP Securities increased their price objective on Stifel Financial from $105.00 to $110.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 9th. TD Cowen increased their target price on shares of Stifel Financial from $100.00 to $105.00 and gave the stock a “hold” rating in a research report on Thursday, October 24th. Finally, Citigroup lifted their price target on shares of Stifel Financial from $90.00 to $102.00 and gave the company a “neutral” rating in a research report on Friday, September 27th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $103.17.

Stifel Financial Company 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.