Bridgewater Associates LP Reduces Holdings in Stifel Financial Corp. (NYSE:SF)

Bridgewater Associates LP decreased its position in Stifel Financial Corp. (NYSE:SF) by 22.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,816 shares of the financial services provider’s stock after selling 3,148 shares during the period. Bridgewater Associates LP’s holdings in Stifel Financial were worth $1,016,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its position in shares of Stifel Financial by 4.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 51,865 shares of the financial services provider’s stock worth $4,055,000 after purchasing an additional 2,419 shares during the period. Comerica Bank boosted its position in shares of Stifel Financial by 7.7% during the 1st quarter. Comerica Bank now owns 52,358 shares of the financial services provider’s stock worth $4,093,000 after purchasing an additional 3,747 shares during the period. Atria Investments Inc purchased a new position in shares of Stifel Financial during the 1st quarter worth approximately $1,640,000. Cetera Advisors LLC purchased a new position in shares of Stifel Financial during the 1st quarter worth approximately $265,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of Stifel Financial during the 1st quarter worth approximately $113,000. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Insider Activity at Stifel Financial

In related news, COO David D. Sliney sold 25,000 shares of the business’s stock in a transaction on 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 sale, the chief operating officer now directly owns 159,619 shares of the company’s stock, valued at $18,544,535.42. The trade was a 13.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.57% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

SF has been the subject of a number of research analyst reports. JMP Securities increased their price objective 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. The Goldman Sachs Group raised their price target 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. Wells Fargo & Company raised their price target on shares of Stifel Financial from $113.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. TD Cowen raised their price target on shares of Stifel Financial from $100.00 to $105.00 and gave the company a “hold” rating in a research report on Thursday, October 24th. Finally, Citigroup raised their price target on shares of Stifel Financial from $90.00 to $102.00 and gave the company a “neutral” rating in a research report on Friday, September 27th. 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, the company currently has an average rating of “Hold” and an average price target of $103.17.

Stifel Financial Price Performance

Stifel Financial stock opened at $115.80 on Monday. The stock has a market cap of $11.85 billion, a P/E ratio of 20.94 and a beta of 1.08. The company has a fifty day simple moving average of $104.74 and a 200-day simple moving average of $90.78. Stifel Financial Corp. has a 12-month low of $60.45 and a 12-month high of $119.12. 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 released its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($0.10). The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Stifel Financial had a return on equity of 14.92% and a net margin of 12.98%. Stifel Financial’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same period last year, the firm posted $0.60 earnings per share. Equities analysts expect that Stifel Financial Corp. will post 6.44 EPS for the current fiscal year.

Stifel Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.42 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.68 annualized dividend and a dividend yield of 1.45%. Stifel Financial’s dividend payout ratio (DPR) is currently 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.