Assetmark Inc. Purchases 1,622 Shares of Stifel Financial Corp. (NYSE:SF)

Assetmark Inc. increased its position in shares of Stifel Financial Corp. (NYSE:SF) by 6.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 26,373 shares of the financial services provider’s stock after acquiring an additional 1,622 shares during the period. Assetmark Inc.’s holdings in Stifel Financial were worth $2,476,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of SF. BNP Paribas Financial Markets raised its stake in shares of Stifel Financial by 16.9% during the 1st quarter. BNP Paribas Financial Markets now owns 8,223 shares of the financial services provider’s stock worth $643,000 after acquiring an additional 1,187 shares in the last quarter. US Bancorp DE grew its position in Stifel Financial by 8.2% during the 1st quarter. US Bancorp DE now owns 52,677 shares of the financial services provider’s stock worth $4,118,000 after purchasing an additional 4,006 shares during the last quarter. State Board of Administration of Florida Retirement System grew its position in Stifel Financial by 5.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 134,977 shares of the financial services provider’s stock worth $10,551,000 after purchasing an additional 6,702 shares during the last quarter. SageView Advisory Group LLC purchased a new stake in Stifel Financial during the 1st quarter worth approximately $1,251,000. Finally, Orion Portfolio Solutions LLC grew its position in Stifel Financial by 10.4% during the 1st quarter. Orion Portfolio Solutions LLC now owns 51,831 shares of the financial services provider’s stock worth $4,052,000 after purchasing an additional 4,879 shares during the last quarter. Institutional investors own 82.01% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on SF shares. Wells Fargo & Company boosted their target price on shares of Stifel Financial from $113.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday. Wolfe Research downgraded shares of Stifel Financial from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 22nd. Citigroup boosted their target price on shares of Stifel Financial from $90.00 to $102.00 and gave the stock a “neutral” rating in a research report on Friday, September 27th. JMP Securities boosted their target price on shares of Stifel Financial from $105.00 to $110.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 9th. Finally, StockNews.com downgraded shares of Stifel Financial from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Six investment 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.com, Stifel Financial has a consensus rating of “Hold” and a consensus price target of $103.17.

Stifel Financial Stock Down 1.0 %

SF stock opened at $115.20 on Thursday. The firm’s fifty day simple moving average is $97.92 and its 200-day simple moving average is $87.99. The company has a market capitalization of $11.79 billion, a P/E ratio of 20.83 and a beta of 1.08. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78. Stifel Financial Corp. has a 12 month low of $60.17 and a 12 month high of $118.12.

Stifel Financial (NYSE:SF) last released its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $1.50 EPS for the quarter, missing the consensus estimate of $1.60 by ($0.10). The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Stifel Financial had a net margin of 12.98% and a return on equity of 14.92%. The firm’s revenue was up 17.2% on a year-over-year basis. During the same period last year, the company earned $0.60 earnings per share. As a group, equities research analysts forecast that Stifel Financial Corp. will post 6.44 earnings per share for the current year.

Stifel Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Monday, December 2nd. Stifel Financial’s dividend payout ratio (DPR) is presently 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.