Stifel Financial Corp. (NYSE:SF) Position Increased by Caprock Group LLC

Caprock Group LLC lifted its position in Stifel Financial Corp. (NYSE:SF) by 9.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,824 shares of the financial services provider’s stock after buying an additional 246 shares during the quarter. Caprock Group LLC’s holdings in Stifel Financial were worth $265,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in shares of Stifel Financial during the 2nd quarter valued at about $1,543,000. Blue Trust Inc. boosted its holdings 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 buying an additional 6,411 shares during the period. Capital CS Group LLC acquired a new position in Stifel Financial in the 2nd quarter valued at $614,000. Harbor Capital Advisors Inc. lifted its position in Stifel Financial by 270.1% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 26,433 shares of the financial services provider’s stock worth $2,224,000 after acquiring an additional 19,291 shares during the last quarter. Finally, Curi RMB Capital LLC boosted its holdings in Stifel Financial by 15.7% during the third quarter. Curi RMB Capital LLC now owns 69,301 shares of the financial services provider’s stock valued at $6,507,000 after acquiring an additional 9,396 shares during the period. Institutional investors and hedge funds own 82.01% of the company’s stock.

Insiders Place Their Bets

In other news, COO David D. Sliney sold 25,000 shares of the firm’s stock in a transaction dated 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 owns 159,619 shares of the company’s stock, valued at approximately $18,544,535.42. This trade represents a 13.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 4.57% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on SF. TD Cowen raised their price objective on shares of Stifel Financial from $100.00 to $105.00 and gave the stock a “hold” rating in a research note on Thursday, October 24th. Wells Fargo & Company increased their target price on shares of Stifel Financial from $113.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Citigroup upped their price target on Stifel Financial from $90.00 to $102.00 and gave the company a “neutral” rating in a report on Friday, September 27th. The Goldman Sachs Group upped their target price on Stifel Financial from $85.00 to $94.00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. Finally, StockNews.com lowered shares of Stifel Financial from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $103.17.

Stifel Financial Stock Performance

NYSE:SF opened at $116.22 on Monday. 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 Corp. has a 1 year low of $60.17 and a 1 year high of $118.12. The firm has a 50 day moving average of $102.16 and a 200-day moving average of $89.66. 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 earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 EPS for the quarter, missing the consensus estimate of $1.60 by ($0.10). Stifel Financial had a return on equity of 14.92% and a net margin of 12.98%. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the company posted $0.60 EPS. Stifel Financial’s revenue for the quarter was up 17.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Stifel Financial Corp. will post 6.44 EPS for the current fiscal 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 $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.45%. The ex-dividend date is Monday, December 2nd. Stifel Financial’s dividend payout ratio (DPR) is presently 30.38%.

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.