Harvest Fund Management Co. Ltd Sells 2,425 Shares of Stifel Financial Corp. (NYSE:SF)

Harvest Fund Management Co. Ltd lessened its position in Stifel Financial Corp. (NYSE:SF) by 83.2% during the third quarter, Holdings Channel.com reports. The fund owned 490 shares of the financial services provider’s stock after selling 2,425 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Stifel Financial were worth $46,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of SF. Fisher Asset Management LLC raised its holdings in 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 purchasing an additional 65,113 shares in the last quarter. Larson Financial Group LLC lifted its holdings in Stifel Financial by 4,308.9% in the third quarter. Larson Financial Group LLC now owns 5,423 shares of the financial services provider’s stock worth $509,000 after buying an additional 5,300 shares during the period. Algert Global LLC boosted its position in shares of Stifel Financial by 10.1% during the third quarter. Algert Global LLC now owns 92,685 shares of the financial services provider’s stock valued at $8,703,000 after purchasing an additional 8,520 shares in the last quarter. Kingsview Wealth Management LLC purchased a new stake in Stifel Financial in the third quarter worth $274,000. Finally, Cerity Partners LLC increased its stake in shares of Stifel Financial by 23.3% in the 3rd quarter. Cerity Partners LLC now owns 40,303 shares of the financial services provider’s stock worth $3,784,000 after acquiring an additional 7,615 shares in the last quarter. Institutional investors own 82.01% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. StockNews.com downgraded Stifel Financial from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. TD Cowen raised their target price on shares of Stifel Financial from $100.00 to $105.00 and gave the stock a “hold” rating in a report on Thursday, October 24th. Citigroup boosted their target price on shares of Stifel Financial from $90.00 to $102.00 and gave the company a “neutral” rating in a research note on Friday, September 27th. Wells Fargo & Company raised their price target on Stifel Financial from $113.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Finally, JMP Securities lifted their price objective on Stifel Financial from $105.00 to $110.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 9th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Stifel Financial has an average rating of “Hold” and an average price target of $103.17.

Insider Transactions at Stifel Financial

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

Stifel Financial Trading Down 0.3 %

Shares of Stifel Financial stock opened at $116.28 on Friday. Stifel Financial Corp. has a 1-year low of $60.17 and a 1-year high of $119.12. The company’s fifty day simple moving average is $103.81 and its 200-day simple moving average is $90.32. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78. The stock has a market capitalization of $11.90 billion, a PE ratio of 21.03 and a beta of 1.08.

Stifel Financial (NYSE:SF) last issued its quarterly 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 return on equity of 14.92% and a net margin of 12.98%. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the company posted $0.60 EPS. The company’s quarterly revenue was up 17.2% on a year-over-year basis. As a group, equities analysts anticipate that Stifel Financial Corp. will post 6.44 earnings per share for the current year.

Stifel Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Monday, December 2nd. Stifel Financial’s payout ratio is 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.