Thrivent Financial for Lutherans Sells 671 Shares of Stifel Financial Corp. (NYSE:SF)

Thrivent Financial for Lutherans lowered its holdings in shares of Stifel Financial Corp. (NYSE:SF) by 1.3% in the third quarter, Holdings Channel.com reports. The fund owned 50,932 shares of the financial services provider’s stock after selling 671 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Stifel Financial were worth $4,783,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Natixis Advisors LLC boosted its stake in shares of Stifel Financial by 14.4% during the third quarter. Natixis Advisors LLC now owns 69,982 shares of the financial services provider’s stock valued at $6,571,000 after purchasing an additional 8,824 shares during the period. CIBC Asset Management Inc lifted its holdings in Stifel Financial by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 3,019 shares of the financial services provider’s stock valued at $283,000 after buying an additional 102 shares in the last quarter. OneDigital Investment Advisors LLC boosted its position in Stifel Financial by 3.5% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 4,954 shares of the financial services provider’s stock valued at $465,000 after buying an additional 166 shares during the period. Curi RMB Capital LLC grew its stake in Stifel Financial by 15.7% in the 3rd quarter. Curi RMB Capital LLC now owns 69,301 shares of the financial services provider’s stock worth $6,507,000 after acquiring an additional 9,396 shares in the last quarter. Finally, Zions Bancorporation N.A. increased its position in shares of Stifel Financial by 19.3% during the third quarter. Zions Bancorporation N.A. now owns 27,034 shares of the financial services provider’s stock worth $2,538,000 after acquiring an additional 4,367 shares during the period. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Insider Buying and Selling at Stifel Financial

In other Stifel Financial news, COO David D. Sliney sold 25,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief operating officer now owns 159,619 shares of the company’s stock, valued at approximately $18,544,535.42. The trade was a 13.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.57% of the stock is currently owned by company insiders.

Stifel Financial Stock Up 1.1 %

NYSE:SF opened at $116.22 on Friday. The company’s 50-day simple moving average is $102.16 and its 200-day simple moving average is $89.57. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. Stifel Financial Corp. has a fifty-two week low of $60.17 and a fifty-two week high of $118.12. The stock has a market capitalization of $11.90 billion, a P/E ratio of 21.02 and a beta of 1.08.

Stifel Financial (NYSE:SF) last announced 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). The firm 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%. Stifel Financial’s revenue was up 17.2% on a year-over-year basis. During the same quarter last year, the business earned $0.60 earnings per share. On average, equities analysts anticipate that Stifel Financial Corp. will post 6.44 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 given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Monday, December 2nd. Stifel Financial’s dividend payout ratio is currently 30.38%.

Wall Street Analysts Forecast Growth

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

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.