Stifel Financial Corp. (NYSE:SF) Shares Bought by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. raised its position in Stifel Financial Corp. (NYSE:SF) by 4.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 47,895 shares of the financial services provider’s stock after buying an additional 1,969 shares during the period. Stanley Laman Group Ltd.’s holdings in Stifel Financial were worth $4,497,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Stifel Financial by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 10,461,734 shares of the financial services provider’s stock worth $817,794,000 after purchasing an additional 391,384 shares in the last quarter. Earnest Partners LLC lifted its stake in Stifel Financial by 0.8% in the 2nd quarter. Earnest Partners LLC now owns 2,954,099 shares of the financial services provider’s stock worth $248,587,000 after purchasing an additional 22,040 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Stifel Financial by 0.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,007,738 shares of the financial services provider’s stock worth $168,932,000 after purchasing an additional 7,113 shares in the last quarter. LSV Asset Management lifted its stake in Stifel Financial by 3.2% in the 1st quarter. LSV Asset Management now owns 1,799,270 shares of the financial services provider’s stock worth $140,649,000 after purchasing an additional 56,570 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Stifel Financial by 0.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,189,048 shares of the financial services provider’s stock worth $100,058,000 after purchasing an additional 7,348 shares in the last quarter. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Stifel Financial Stock Performance

NYSE SF opened at $100.53 on Wednesday. The company has a market cap of $10.31 billion, a P/E ratio of 21.34 and a beta of 1.09. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.80. The stock has a 50-day moving average of $90.87 and a two-hundred day moving average of $84.49. Stifel Financial Corp. has a 1-year low of $54.81 and a 1-year high of $103.32.

Stifel Financial (NYSE:SF) last released its earnings results on Wednesday, July 24th. The financial services provider reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.06. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.18 billion. Stifel Financial had a return on equity of 13.24% and a net margin of 11.59%. Stifel Financial’s revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.20 EPS. As a group, analysts anticipate that Stifel Financial Corp. will post 6.49 EPS for the current year.

Stifel Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.67%. The ex-dividend date was Tuesday, September 3rd. Stifel Financial’s dividend payout ratio is currently 35.67%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. StockNews.com lowered shares of Stifel Financial from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. The Goldman Sachs Group lifted 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. Wolfe Research lowered shares of Stifel Financial from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 22nd. JMP Securities lifted their price target 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 lifted their price target on shares of Stifel Financial from $101.00 to $108.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $96.67.

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.