JPMorgan Chase & Co. Has $19.34 Million Stock Holdings in Stifel Financial Corp. (NYSE:SF)

JPMorgan Chase & Co. lowered its position in shares of Stifel Financial Corp. (NYSE:SF) by 19.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 205,920 shares of the financial services provider’s stock after selling 48,713 shares during the quarter. JPMorgan Chase & Co.’s holdings in Stifel Financial were worth $19,336,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Waldron Private Wealth LLC acquired a new stake in shares of Stifel Financial during the third quarter worth $34,000. GAMMA Investing LLC raised its position in shares of Stifel Financial by 27.7% in the 3rd quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 109 shares during the period. UMB Bank n.a. grew its holdings in Stifel Financial by 36.6% during the third quarter. UMB Bank n.a. now owns 870 shares of the financial services provider’s stock valued at $82,000 after purchasing an additional 233 shares during the period. Farther Finance Advisors LLC grew its holdings in Stifel Financial by 148.1% during the third quarter. Farther Finance Advisors LLC now owns 1,201 shares of the financial services provider’s stock valued at $113,000 after purchasing an additional 717 shares during the period. Finally, Caprock Group LLC bought a new stake in Stifel Financial in the second quarter valued at approximately $217,000. Institutional investors and hedge funds own 82.01% of the company’s stock.

Insider Activity

In related news, COO David D. Sliney sold 25,000 shares of Stifel Financial stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $116.18, for a total transaction of $2,904,500.00. Following the completion of the transaction, the chief operating officer now owns 159,619 shares in the company, valued at approximately $18,544,535.42. This trade represents a 13.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.57% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. started coverage on shares of Stifel Financial in a report on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 price target for the company. Citigroup lifted their price objective 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 raised their target price on shares of Stifel Financial from $85.00 to $94.00 and gave the stock a “neutral” rating in a report on Thursday, September 26th. Wells Fargo & Company upped their price target on shares of Stifel Financial from $113.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Finally, StockNews.com lowered shares of Stifel Financial from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $105.57.

Stifel Financial Stock Performance

Shares of SF opened at $108.35 on Friday. 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 Corp. has a 12 month low of $68.09 and a 12 month high of $119.12. The firm has a fifty day simple moving average of $110.71 and a 200 day simple moving average of $96.35. The stock has a market capitalization of $11.09 billion, a price-to-earnings ratio of 19.59 and a beta of 1.11.

Stifel Financial (NYSE:SF) last released its earnings results 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 company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the firm posted $0.60 EPS. Stifel Financial’s revenue was up 17.2% compared to the same quarter last year. Research analysts forecast that Stifel Financial Corp. will post 6.5 EPS for the current fiscal year.

Stifel Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend was Monday, December 2nd. Stifel Financial’s dividend payout ratio is currently 30.38%.

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.