Integrated Wealth Concepts LLC Lowers Holdings in Stifel Financial Corp. (NYSE:SF)

Integrated Wealth Concepts LLC cut its position in Stifel Financial Corp. (NYSE:SF) by 6.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,930 shares of the financial services provider’s stock after selling 209 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Stifel Financial were worth $275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC lifted its stake in Stifel Financial by 18.8% in the 3rd quarter. FMR LLC now owns 7,956,412 shares of the financial services provider’s stock worth $747,107,000 after purchasing an additional 1,256,595 shares in the last quarter. Earnest Partners LLC increased its holdings in shares of Stifel Financial by 0.8% in the 2nd quarter. Earnest Partners LLC now owns 2,954,099 shares of the financial services provider’s stock worth $248,587,000 after buying an additional 22,040 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Stifel Financial by 0.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,007,738 shares of the financial services provider’s stock worth $168,932,000 after buying an additional 7,113 shares during the last quarter. Fisher Asset Management LLC increased its holdings in shares of Stifel Financial by 4.7% in the 3rd quarter. Fisher Asset Management LLC now owns 1,464,421 shares of the financial services provider’s stock worth $137,509,000 after buying an additional 65,113 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Stifel Financial by 0.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,189,048 shares of the financial services provider’s stock worth $100,058,000 after buying an additional 7,348 shares during the last quarter. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Stifel Financial

In other news, COO David D. Sliney sold 25,000 shares of the 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 owns 159,619 shares of the company’s stock, valued at approximately $18,544,535.42. This represents a 13.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.57% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on SF. StockNews.com lowered shares of Stifel Financial from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. Citigroup increased their price target on shares of Stifel Financial from $90.00 to $102.00 and gave the stock a “neutral” rating in a report on Friday, September 27th. Wells Fargo & Company increased their price target 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. JMP Securities increased their target price on shares of Stifel Financial from $105.00 to $110.00 and gave the company a “market outperform” rating in a report on Wednesday, October 9th. Finally, The Goldman Sachs Group increased their target price on shares of Stifel Financial from $85.00 to $94.00 and gave the company a “neutral” rating in a report on Thursday, September 26th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $105.57.

Stifel Financial Trading Down 0.7 %

Shares of SF opened at $111.52 on Friday. The stock has a market capitalization of $11.41 billion, a P/E ratio of 20.17 and a beta of 1.08. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. The firm has a fifty day simple moving average of $108.23 and a two-hundred day simple moving average of $92.64. Stifel Financial Corp. has a twelve month low of $64.58 and a twelve month high of $119.12.

Stifel Financial (NYSE:SF) last announced its quarterly 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 for the quarter, compared to analysts’ expectations of $1.20 billion. Stifel Financial had a net margin of 12.98% and a return on equity of 14.92%. The company’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.60 EPS. On average, research analysts anticipate that Stifel Financial Corp. will post 6.44 EPS for the current year.

Stifel Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders 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 yield of 1.51%. Stifel Financial’s payout ratio is currently 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.