Integrated Advisors Network LLC Has $4.54 Million Stake in Stifel Financial Corp. (NYSE:SF)

Integrated Advisors Network LLC lessened its holdings in shares of Stifel Financial Corp. (NYSE:SF) by 5.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,379 shares of the financial services provider’s stock after selling 2,541 shares during the period. Integrated Advisors Network LLC’s holdings in Stifel Financial were worth $4,543,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SF. Versant Capital Management Inc raised its stake in Stifel Financial by 1,818.8% during the second quarter. Versant Capital Management Inc now owns 307 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 291 shares in the last quarter. Fidelis Capital Partners LLC acquired a new stake in Stifel Financial in the first quarter valued at approximately $32,000. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Stifel Financial during the first quarter worth $33,000. Waldron Private Wealth LLC acquired a new stake in shares of Stifel Financial during the 3rd quarter valued at $34,000. Finally, GAMMA Investing LLC boosted its stake in shares of Stifel Financial by 27.7% during the third quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 109 shares in the last quarter. Institutional investors and hedge funds own 82.01% of the company’s stock.

Stifel Financial Stock Performance

Shares of Stifel Financial stock opened at $104.92 on Tuesday. The company has a market cap of $10.76 billion, a PE ratio of 19.01 and a beta of 1.09. The business has a 50 day moving average price of $92.36 and a 200-day moving average price of $85.25. Stifel Financial Corp. has a 52 week low of $55.73 and a 52 week high of $105.94. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 0.38.

Stifel Financial (NYSE:SF) last posted its quarterly earnings data 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). Stifel Financial had a return on equity of 15.11% 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 period in the prior year, the firm posted $0.60 EPS. The firm’s revenue for the quarter was up 17.2% on a year-over-year basis. Equities analysts anticipate that Stifel Financial Corp. will post 6.44 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.60%. Stifel Financial’s dividend payout ratio is presently 30.38%.

Analyst Ratings Changes

A number of analysts have weighed in on SF shares. Wells Fargo & Company increased their price target on Stifel Financial from $108.00 to $113.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. TD Cowen lifted their target price on Stifel Financial from $100.00 to $105.00 and gave the stock a “hold” rating in a report on Thursday, October 24th. Wolfe Research cut Stifel Financial from an “outperform” rating to a “peer perform” rating in a report on Monday, July 22nd. The Goldman Sachs Group boosted their target price on shares of Stifel Financial from $85.00 to $94.00 and gave the company a “neutral” rating in a research report on Thursday, September 26th. Finally, StockNews.com cut shares of Stifel Financial from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $100.33.

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.