Thrivent Financial for Lutherans Lowers Position in Stifel Financial Corp. (NYSE:SF)

Thrivent Financial for Lutherans lessened its stake in shares of Stifel Financial Corp. (NYSE:SF) by 1.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 50,932 shares of the financial services provider’s stock after selling 671 shares during the period. Thrivent Financial for Lutherans’ holdings in Stifel Financial were worth $4,783,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Natixis Advisors LLC increased its holdings in Stifel Financial by 14.4% in the 3rd quarter. Natixis Advisors LLC now owns 69,982 shares of the financial services provider’s stock worth $6,571,000 after acquiring an additional 8,824 shares in the last quarter. CIBC Asset Management Inc increased its stake in shares of Stifel Financial by 3.5% in the third quarter. CIBC Asset Management Inc now owns 3,019 shares of the financial services provider’s stock worth $283,000 after purchasing an additional 102 shares in the last quarter. OneDigital Investment Advisors LLC increased its stake in shares of 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 worth $465,000 after purchasing an additional 166 shares in the last quarter. Curi RMB Capital LLC raised its position in shares of Stifel Financial by 15.7% during the 3rd quarter. Curi RMB Capital LLC now owns 69,301 shares of the financial services provider’s stock valued at $6,507,000 after purchasing an additional 9,396 shares during the period. Finally, Zions Bancorporation N.A. lifted its stake in shares of Stifel Financial by 19.3% during the 3rd quarter. Zions Bancorporation N.A. now owns 27,034 shares of the financial services provider’s stock valued at $2,538,000 after buying an additional 4,367 shares in the last quarter. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on SF shares. The Goldman Sachs Group raised their price target on Stifel Financial from $85.00 to $94.00 and gave the company a “neutral” rating in a report on Thursday, September 26th. TD Cowen lifted their target price on Stifel Financial from $100.00 to $105.00 and gave the company a “hold” rating in a research note on Thursday, October 24th. Citigroup upped their price target on Stifel Financial from $90.00 to $102.00 and gave the stock a “neutral” rating in a research note on Friday, September 27th. JMP Securities lifted their price objective on shares of Stifel Financial from $105.00 to $110.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 9th. Finally, Wells Fargo & Company upped 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, November 13th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Stifel Financial currently has a consensus rating of “Hold” and a consensus price target of $103.17.

Stifel Financial Stock Performance

Shares of NYSE:SF opened at $116.22 on Friday. The firm has a fifty day simple moving average of $102.16 and a two-hundred day simple moving average of $89.57. Stifel Financial Corp. has a 52 week low of $60.17 and a 52 week high of $118.12. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $11.90 billion, a P/E ratio of 21.02 and a beta of 1.08.

Stifel Financial (NYSE:SF) last released its quarterly earnings results 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). Stifel Financial had a return on equity of 14.92% and a net margin of 12.98%. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the business posted $0.60 EPS. The company’s revenue was up 17.2% on a year-over-year basis. On average, analysts expect that Stifel Financial Corp. will post 6.44 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

The business also recently announced 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. This represents a $1.68 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Monday, December 2nd. Stifel Financial’s dividend payout ratio is currently 30.38%.

Insider Activity at Stifel Financial

In other Stifel Financial 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 transaction of $2,904,500.00. Following the transaction, the chief operating officer now owns 159,619 shares in the company, valued at $18,544,535.42. The trade was a 13.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 4.57% of the stock is currently owned by insiders.

About Stifel Financial

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.