Stifel Financial Corp. (NYSE:SF) Shares Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC increased its stake in Stifel Financial Corp. (NYSE:SF) by 1.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,113 shares of the financial services provider’s stock after acquiring an additional 853 shares during the period. Sanctuary Advisors LLC’s holdings in Stifel Financial were worth $4,612,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of SF. Waldron Private Wealth LLC acquired a new stake in Stifel Financial in the third quarter valued at $34,000. GAMMA Investing LLC raised its stake in Stifel Financial by 27.7% in the third quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider’s stock valued at $47,000 after buying an additional 109 shares in the last quarter. Rothschild Investment LLC acquired a new stake in Stifel Financial in the second quarter valued at $64,000. UMB Bank n.a. raised its stake in Stifel Financial by 36.6% in the third quarter. UMB Bank n.a. now owns 870 shares of the financial services provider’s stock valued at $82,000 after buying an additional 233 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in Stifel Financial by 148.1% in the third quarter. Farther Finance Advisors LLC now owns 1,201 shares of the financial services provider’s stock valued at $113,000 after buying an additional 717 shares in the last quarter. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Stifel Financial Price Performance

Shares of SF opened at $110.58 on Monday. Stifel Financial Corp. has a twelve month low of $65.63 and a twelve month high of $119.12. The stock’s 50 day moving average is $108.53 and its two-hundred day moving average is $93.03. The firm has a market capitalization of $11.32 billion, a PE ratio of 20.00 and a beta of 1.08. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.27.

Stifel Financial (NYSE:SF) last announced its quarterly earnings data 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). 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 analysts’ expectations of $1.20 billion. During the same period in the prior 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. Research analysts anticipate that Stifel Financial Corp. will post 6.5 earnings per share for the current year.

Stifel Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.42 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.68 annualized dividend and a dividend yield of 1.52%. Stifel Financial’s dividend payout ratio is currently 30.38%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Citigroup raised their price target on Stifel Financial from $90.00 to $102.00 and gave the company a “neutral” rating in a research note on Friday, September 27th. TD Cowen lifted their target price on Stifel Financial from $100.00 to $105.00 and gave the stock a “hold” rating in a research report on Thursday, October 24th. JMP Securities lifted their target price 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. The Goldman Sachs Group lifted 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. Finally, 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 report on Wednesday, November 13th. Seven 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, the company has a consensus rating of “Hold” and an average target price of $105.57.

Insider Buying and Selling

In other Stifel Financial news, COO David D. Sliney sold 25,000 shares of the business’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 completion of the transaction, the chief operating officer now directly owns 159,619 shares in the company, valued at approximately $18,544,535.42. The trade was a 13.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 4.57% of the company’s stock.

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.