State Street Corp Has $293.19 Million Stock Holdings in Stifel Financial Corp. (NYSE:SF)

State Street Corp lifted its stake in Stifel Financial Corp. (NYSE:SF) by 1.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,122,342 shares of the financial services provider’s stock after acquiring an additional 31,101 shares during the quarter. State Street Corp owned approximately 3.05% of Stifel Financial worth $293,188,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Cetera Advisors LLC bought a new stake in shares of Stifel Financial during the 1st quarter worth approximately $265,000. SG Americas Securities LLC bought a new stake in Stifel Financial during the second quarter worth $1,543,000. Wealth Enhancement Advisory Services LLC lifted its stake in Stifel Financial by 21.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,093 shares of the financial services provider’s stock valued at $513,000 after acquiring an additional 1,065 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its position in shares of Stifel Financial by 6.0% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 18,188 shares of the financial services provider’s stock valued at $1,531,000 after acquiring an additional 1,024 shares during the period. Finally, Blue Trust Inc. increased its stake in shares of Stifel Financial by 268.6% during the 2nd quarter. Blue Trust Inc. now owns 8,798 shares of the financial services provider’s stock worth $688,000 after purchasing an additional 6,411 shares during the last quarter. Institutional investors 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 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 value of $2,904,500.00. Following the transaction, the chief operating officer now directly owns 159,619 shares of the company’s stock, valued at $18,544,535.42. This trade represents a 13.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 4.57% of the company’s stock.

Stifel Financial Trading Down 0.3 %

Shares of Stifel Financial stock opened at $110.60 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. The firm has a 50-day moving average of $107.54 and a 200-day moving average of $92.37. Stifel Financial Corp. has a 52-week low of $64.47 and a 52-week high of $119.12. The stock has a market cap of $11.32 billion, a PE ratio of 20.00 and a beta of 1.08.

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

Stifel Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders 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 dividend on an annualized basis and a yield of 1.52%. Stifel Financial’s dividend payout ratio (DPR) is presently 30.38%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on SF shares. 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. Wells Fargo & Company lifted their target price on Stifel Financial from $113.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. JPMorgan Chase & Co. initiated coverage on Stifel Financial in a research note on Tuesday. They issued a “neutral” rating and a $120.00 price target on the stock. StockNews.com cut shares of Stifel Financial from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Finally, JMP Securities increased their price objective 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. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Stifel Financial presently has a consensus rating of “Hold” and a consensus price target of $105.57.

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.