Stifel Financial Corp. (NYSE:SF) Shares Bought by TD Private Client Wealth LLC

TD Private Client Wealth LLC lifted its position in shares of Stifel Financial Corp. (NYSE:SF) by 27.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,708 shares of the financial services provider’s stock after acquiring an additional 576 shares during the quarter. TD Private Client Wealth LLC’s holdings in Stifel Financial were worth $254,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Waldron Private Wealth LLC purchased a new stake in Stifel Financial during the third quarter worth $34,000. GAMMA Investing LLC raised its stake in shares of Stifel Financial by 27.7% during the 3rd quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider’s stock worth $47,000 after buying an additional 109 shares during the last quarter. Rothschild Investment LLC acquired a new stake in Stifel Financial in the 2nd quarter valued at about $64,000. UMB Bank n.a. grew its stake in Stifel Financial by 36.6% in the 3rd quarter. UMB Bank n.a. now owns 870 shares of the financial services provider’s stock valued at $82,000 after acquiring an additional 233 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in Stifel Financial by 148.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,201 shares of the financial services provider’s stock valued at $113,000 after acquiring an additional 717 shares in the last quarter. Institutional investors and hedge funds own 82.01% of the company’s stock.

Analyst Upgrades and Downgrades

SF has been the topic of several research reports. The Goldman Sachs Group increased 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. 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. StockNews.com cut Stifel Financial from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. Wells Fargo & Company increased their price objective on Stifel Financial from $113.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Finally, Citigroup lifted their price objective on Stifel Financial from $90.00 to $102.00 and gave the stock a “neutral” rating in a research report on Friday, September 27th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $105.57.

Stifel Financial Stock Performance

Stifel Financial stock opened at $110.58 on Friday. The stock has a fifty day moving average price of $108.53 and a 200 day moving average price of $92.93. Stifel Financial Corp. has a 52 week low of $65.63 and a 52 week high of $119.12. The firm has a market capitalization of $11.32 billion, a P/E ratio of 20.00 and a beta of 1.08. 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 announced its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share 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 for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the company earned $0.60 earnings per share. The company’s revenue was up 17.2% on a year-over-year basis. Equities research analysts anticipate that Stifel Financial Corp. will post 6.44 earnings per share for the current year.

Stifel Financial Announces Dividend

The business also recently disclosed 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 1.52%. Stifel Financial’s dividend payout ratio is presently 30.38%.

Insider Transactions at Stifel Financial

In other news, COO David D. Sliney sold 25,000 shares of the business’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. The trade was a 13.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 4.57% of the company’s stock.

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.