Crossmark Global Holdings Inc. Has $776,000 Stock Position in Stifel Financial Corp. (NYSE:SF)

Crossmark Global Holdings Inc. increased its holdings in shares of Stifel Financial Corp. (NYSE:SF) by 3.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,314 shares of the financial services provider’s stock after buying an additional 246 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Stifel Financial were worth $776,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hsbc Holdings PLC lifted its stake in Stifel Financial by 32.8% in the 2nd quarter. Hsbc Holdings PLC now owns 9,035 shares of the financial services provider’s stock valued at $757,000 after acquiring an additional 2,234 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Stifel Financial by 19.7% in the second quarter. Thrivent Financial for Lutherans now owns 51,603 shares of the financial services provider’s stock worth $4,342,000 after purchasing an additional 8,496 shares in the last quarter. Bank of Montreal Can boosted its holdings in Stifel Financial by 4.9% during the second quarter. Bank of Montreal Can now owns 51,751 shares of the financial services provider’s stock worth $4,357,000 after purchasing an additional 2,423 shares during the last quarter. Squarepoint Ops LLC grew its position in Stifel Financial by 13.9% in the second quarter. Squarepoint Ops LLC now owns 25,502 shares of the financial services provider’s stock valued at $2,146,000 after purchasing an additional 3,116 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in Stifel Financial by 0.4% in the 2nd quarter. AQR Capital Management LLC now owns 371,444 shares of the financial services provider’s stock valued at $30,236,000 after buying an additional 1,616 shares during the last quarter. 82.01% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of research analysts have weighed in on the company. TD Cowen raised their price target on Stifel Financial from $100.00 to $105.00 and gave the company a “hold” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. began coverage on shares of Stifel Financial in a research note on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 price target on the stock. StockNews.com cut Stifel Financial from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. JMP Securities lifted their price target on shares of Stifel Financial from $105.00 to $110.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 9th. Finally, Wells Fargo & Company cut their price objective on shares of Stifel Financial from $130.00 to $128.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Stifel Financial currently has an average rating of “Hold” and an average price target of $107.14.

Stifel Financial Price Performance

Shares of NYSE SF opened at $114.21 on Friday. Stifel Financial Corp. has a 1-year low of $71.36 and a 1-year high of $119.12. The firm has a market capitalization of $11.69 billion, a P/E ratio of 20.65 and a beta of 1.11. The firm’s 50-day moving average price is $110.69 and its 200-day moving average price is $98.79. 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 posted its earnings results 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 company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the business earned $0.60 EPS. The firm’s revenue for the quarter was up 17.2% compared to the same quarter last year. Equities research analysts anticipate that Stifel Financial Corp. will post 6.54 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $0.42 dividend. The ex-dividend date was Monday, December 2nd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.47%. Stifel Financial’s payout ratio 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.