Stifel Financial Corp. (NYSE:SF) Holdings Lifted by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. raised its holdings in Stifel Financial Corp. (NYSE:SF) by 12.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,068 shares of the financial services provider’s stock after acquiring an additional 803 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Stifel Financial were worth $664,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Versant Capital Management Inc lifted 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 valued at $26,000 after purchasing an additional 291 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Stifel Financial during the 1st quarter worth $33,000. Waldron Private Wealth LLC acquired a new position in shares of Stifel Financial in the 3rd quarter worth $34,000. GAMMA Investing LLC raised its position 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 worth $47,000 after purchasing an additional 109 shares during the period. Finally, Bessemer Group Inc. lifted its holdings in shares of Stifel Financial by 388.3% during the first quarter. Bessemer Group Inc. now owns 796 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 633 shares during the last quarter. Institutional investors own 82.01% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on SF shares. Wells Fargo & Company boosted their price objective on Stifel Financial from $113.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday. The Goldman Sachs Group upped 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. TD Cowen lifted their price objective on shares of 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 increased their target price on Stifel Financial from $105.00 to $110.00 and gave the company a “market outperform” rating in a report on Wednesday, October 9th. Finally, StockNews.com downgraded 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 given a buy rating to the stock. According to MarketBeat.com, Stifel Financial currently has a consensus rating of “Hold” and an average target price of $103.17.

Stifel Financial Price Performance

Shares of NYSE:SF opened at $114.44 on Friday. The firm has a market cap of $11.71 billion, a price-to-earnings ratio of 20.69 and a beta of 1.08. Stifel Financial Corp. has a 1 year low of $60.17 and a 1 year high of $118.12. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.27. The business has a fifty day simple moving average of $99.14 and a 200 day simple moving average of $88.41.

Stifel Financial (NYSE:SF) last announced its quarterly earnings results 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). Stifel Financial had a net margin of 12.98% and a return on equity of 14.92%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the prior year, the firm earned $0.60 earnings per share. The firm’s quarterly revenue was up 17.2% compared to the same quarter last year. As a group, sell-side analysts predict that Stifel Financial Corp. will post 6.44 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid 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 1.47%. Stifel Financial’s dividend payout ratio (DPR) is 30.38%.

Insider Activity

In other news, COO David D. Sliney sold 25,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $116.18, for a total transaction of $2,904,500.00. Following the completion of the sale, the chief operating officer now owns 159,619 shares in the company, valued at approximately $18,544,535.42. This represents a 13.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.57% of the stock is owned by insiders.

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.