Geode Capital Management LLC Boosts Stock Position in Stifel Financial Corp. (NYSE:SF)

Geode Capital Management LLC increased its stake in shares of Stifel Financial Corp. (NYSE:SF) by 1.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,696,605 shares of the financial services provider’s stock after acquiring an additional 20,110 shares during the quarter. Geode Capital Management LLC’s holdings in Stifel Financial were worth $159,355,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. M&T Bank Corp grew its stake in shares of Stifel Financial by 9.5% in the 3rd quarter. M&T Bank Corp now owns 2,645 shares of the financial services provider’s stock valued at $248,000 after buying an additional 229 shares during the period. Barclays PLC lifted its holdings in Stifel Financial by 62.2% in the third quarter. Barclays PLC now owns 107,397 shares of the financial services provider’s stock valued at $10,086,000 after acquiring an additional 41,171 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in Stifel Financial by 2.7% in the third quarter. Public Employees Retirement System of Ohio now owns 40,060 shares of the financial services provider’s stock worth $3,762,000 after acquiring an additional 1,053 shares during the period. MML Investors Services LLC raised its holdings in Stifel Financial by 3.0% in the 3rd quarter. MML Investors Services LLC now owns 28,521 shares of the financial services provider’s stock valued at $2,678,000 after buying an additional 820 shares during the period. Finally, Kovitz Investment Group Partners LLC boosted its stake in Stifel Financial by 23.6% during the third quarter. Kovitz Investment Group Partners LLC now owns 3,962 shares of the financial services provider’s stock worth $360,000 after buying an additional 757 shares during the period. Institutional investors and hedge funds own 82.01% of the company’s stock.

Insider Buying and Selling at Stifel Financial

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

Stifel Financial Price Performance

SF stock opened at $110.58 on Monday. The business’s 50-day moving average is $108.53 and its two-hundred day moving average is $93.03. 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 firm has a market capitalization of $11.32 billion, a P/E ratio of 20.00 and a beta of 1.08. Stifel Financial Corp. has a 1 year low of $65.63 and a 1 year high of $119.12.

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 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 analyst estimates of $1.20 billion. During the same period last year, the business earned $0.60 EPS. The firm’s revenue was up 17.2% compared to the same quarter last year. Analysts anticipate that Stifel Financial Corp. will post 6.5 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The firm also recently announced 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. This represents a $1.68 annualized dividend and a yield of 1.52%. The ex-dividend date is Monday, December 2nd. Stifel Financial’s dividend payout ratio (DPR) is presently 30.38%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SF. Wells Fargo & Company upped their price objective 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. 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. JPMorgan Chase & Co. began coverage on Stifel Financial in a research note on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 price objective for the company. The Goldman Sachs Group increased their target price on Stifel Financial from $85.00 to $94.00 and gave the stock a “neutral” rating in a research note on Thursday, September 26th. Finally, JMP Securities lifted their target price on Stifel Financial from $105.00 to $110.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 9th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $105.57.

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.