Pitcairn Co. Cuts Stock Holdings in Stifel Financial Corp. (NYSE:SF)

Pitcairn Co. cut its stake in Stifel Financial Corp. (NYSE:SF) by 12.8% in the third quarter, HoldingsChannel reports. The firm owned 7,005 shares of the financial services provider’s stock after selling 1,029 shares during the quarter. Pitcairn Co.’s holdings in Stifel Financial were worth $658,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. CIBC Asset Management Inc increased its holdings in shares of Stifel Financial by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 3,019 shares of the financial services provider’s stock valued at $283,000 after acquiring an additional 102 shares during the last quarter. GAMMA Investing LLC increased its stake in Stifel Financial by 27.7% in 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 during the last quarter. Tributary Capital Management LLC grew its position in shares of Stifel Financial by 1.0% in the 3rd quarter. Tributary Capital Management LLC now owns 12,603 shares of the financial services provider’s stock valued at $1,183,000 after buying an additional 126 shares during the last quarter. CWM LLC raised its stake in Stifel Financial by 3.8% during the 3rd quarter. CWM LLC now owns 3,940 shares of the financial services provider’s stock worth $370,000 after acquiring an additional 145 shares in the last quarter. Finally, OneDigital Investment Advisors LLC lifted its position in Stifel Financial by 3.5% in the third quarter. OneDigital Investment Advisors LLC now owns 4,954 shares of the financial services provider’s stock valued at $465,000 after acquiring an additional 166 shares during the last quarter. 82.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Stifel Financial

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

Wall Street Analysts Forecast Growth

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

Stifel Financial Stock Up 1.3 %

SF stock opened at $117.72 on Tuesday. The stock has a market capitalization of $12.05 billion, a PE ratio of 21.29 and a beta of 1.08. The company has a fifty day moving average of $102.16 and a 200-day moving average of $89.66. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. Stifel Financial Corp. has a one year low of $60.17 and a one year high of $119.12.

Stifel Financial (NYSE:SF) last announced its quarterly earnings data 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 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. Stifel Financial’s revenue for the quarter was up 17.2% compared to the same quarter last year. As a group, analysts expect that Stifel Financial Corp. will post 6.44 EPS for the current year.

Stifel Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.43%. 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.