MML Investors Services LLC Buys 820 Shares of Stifel Financial Corp. (NYSE:SF)

MML Investors Services LLC increased its position in Stifel Financial Corp. (NYSE:SF) by 3.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,521 shares of the financial services provider’s stock after purchasing an additional 820 shares during the period. MML Investors Services LLC’s holdings in Stifel Financial were worth $2,678,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SF. FMR LLC boosted its stake 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 during the last quarter. Wellington Management Group LLP boosted its position in shares of Stifel Financial by 78.3% during the third quarter. Wellington Management Group LLP now owns 1,958,709 shares of the financial services provider’s stock valued at $183,923,000 after buying an additional 860,465 shares during the last quarter. Los Angeles Capital Management LLC increased its holdings in Stifel Financial by 929.9% in the 2nd quarter. Los Angeles Capital Management LLC now owns 296,574 shares of the financial services provider’s stock worth $24,957,000 after buying an additional 267,777 shares in the last quarter. Icon Wealth Advisors LLC purchased a new position in Stifel Financial in the 3rd quarter worth about $12,290,000. Finally, Renaissance Technologies LLC purchased a new position in Stifel Financial in the 2nd quarter worth about $7,415,000. Institutional investors own 82.01% of the company’s stock.

Stifel Financial Price Performance

NYSE SF opened at $110.58 on Monday. The business’s fifty day moving average is $108.53 and its 200 day moving average is $93.03. Stifel Financial Corp. has a fifty-two week low of $65.63 and a fifty-two week high of $119.12. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. The company has a market capitalization of $11.32 billion, a PE ratio of 20.00 and a beta of 1.08.

Stifel Financial (NYSE:SF) last posted its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.10). The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Stifel Financial had a net margin of 12.98% and a return on equity of 14.92%. The firm’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.60 earnings per share. Sell-side analysts predict that Stifel Financial Corp. will post 6.5 earnings per share for the current year.

Stifel Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $0.42 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.52%. Stifel Financial’s payout ratio is currently 30.38%.

Insider Transactions at Stifel Financial

In related news, COO David D. Sliney sold 25,000 shares of Stifel Financial stock in a transaction that occurred on 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 sale, the chief operating officer now owns 159,619 shares of the company’s stock, valued at approximately $18,544,535.42. This trade represents 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. Corporate insiders own 4.57% of the company’s stock.

Wall Street Analyst Weigh In

SF has been the subject of a number of research analyst reports. TD Cowen lifted their price target on shares of Stifel Financial from $100.00 to $105.00 and gave the stock a “hold” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. assumed coverage on shares of Stifel Financial in a research report on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 target price for the company. The Goldman Sachs Group increased 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. Citigroup lifted their price objective on Stifel Financial from $90.00 to $102.00 and gave the stock a “neutral” rating in a report on Friday, September 27th. Finally, 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. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $105.57.

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.