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

TD Private Client Wealth LLC lifted its stake in Stifel Financial Corp. (NYSE:SF) by 27.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,708 shares of the financial services provider’s stock after buying an additional 576 shares during the period. TD Private Client Wealth LLC’s holdings in Stifel Financial were worth $254,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Curi RMB Capital LLC boosted its holdings in Stifel Financial by 15.7% in the 3rd quarter. Curi RMB Capital LLC now owns 69,301 shares of the financial services provider’s stock worth $6,507,000 after acquiring an additional 9,396 shares during the period. Thrivent Financial for Lutherans lifted its position in shares of Stifel Financial by 19.7% during the second quarter. Thrivent Financial for Lutherans now owns 51,603 shares of the financial services provider’s stock worth $4,342,000 after purchasing an additional 8,496 shares in the last quarter. Larson Financial Group LLC boosted its stake in shares of Stifel Financial by 4,308.9% in the third quarter. Larson Financial Group LLC now owns 5,423 shares of the financial services provider’s stock valued at $509,000 after purchasing an additional 5,300 shares during the period. FMR LLC grew its holdings in Stifel Financial by 18.8% during the 3rd quarter. FMR LLC now owns 7,956,412 shares of the financial services provider’s stock valued at $747,107,000 after purchasing an additional 1,256,595 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Stifel Financial by 0.6% during 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 buying an additional 7,348 shares during the period. Institutional investors and hedge funds own 82.01% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on SF shares. JPMorgan Chase & Co. began coverage on shares of Stifel Financial in a research report on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 price objective for the company. StockNews.com lowered Stifel Financial from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. JMP Securities upped their target price on Stifel Financial from $105.00 to $110.00 and gave the company 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 stock a “neutral” rating in a research report on Thursday, September 26th. Finally, Citigroup upped their price target on shares of Stifel Financial from $90.00 to $102.00 and gave the company a “neutral” rating in a report on Friday, September 27th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Stifel Financial currently has an average rating of “Hold” and an average price target of $105.57.

Stifel Financial Stock Performance

SF stock opened at $110.58 on Friday. The firm has a market cap of $11.32 billion, a P/E ratio of 20.00 and a beta of 1.08. The stock’s 50 day simple moving average is $108.53 and its 200 day simple moving average is $92.93. 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 Corp. has a 12-month low of $65.63 and a 12-month high of $119.12.

Stifel Financial (NYSE:SF) last posted its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.10). Stifel Financial had a return on equity of 14.92% and a net margin of 12.98%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the business posted $0.60 earnings per share. The company’s quarterly revenue was up 17.2% compared to the same quarter last year. As a group, equities research analysts predict that Stifel Financial Corp. will post 6.44 EPS for the current year.

Stifel Financial Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Monday, December 2nd. Stifel Financial’s payout ratio is 30.38%.

Insider Buying and Selling

In other Stifel Financial news, COO David D. Sliney sold 25,000 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $116.18, for a total value of $2,904,500.00. Following the sale, the chief operating officer now directly owns 159,619 shares of the company’s stock, valued at $18,544,535.42. This trade represents a 13.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 4.57% of the company’s stock.

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.