Sanctuary Advisors LLC Grows Position in Stifel Financial Corp. (NYSE:SF)

Sanctuary Advisors LLC raised its position in shares of Stifel Financial Corp. (NYSE:SF) by 1.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,113 shares of the financial services provider’s stock after buying an additional 853 shares during the quarter. Sanctuary Advisors LLC’s holdings in Stifel Financial were worth $4,612,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of SF. FMR LLC lifted its stake in shares of Stifel Financial by 18.8% during the 3rd quarter. FMR LLC now owns 7,956,412 shares of the financial services provider’s stock worth $747,107,000 after acquiring an additional 1,256,595 shares during the last quarter. Wellington Management Group LLP grew its stake in Stifel Financial by 78.3% during the 3rd quarter. Wellington Management Group LLP now owns 1,958,709 shares of the financial services provider’s stock worth $183,923,000 after buying an additional 860,465 shares during the last quarter. Los Angeles Capital Management LLC grew its stake in Stifel Financial by 929.9% during 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 during the last quarter. Icon Wealth Advisors LLC purchased a new stake in Stifel Financial during the 3rd quarter valued at about $12,290,000. Finally, Renaissance Technologies LLC purchased a new stake in Stifel Financial during the 2nd quarter valued at about $7,415,000. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on SF. StockNews.com downgraded Stifel Financial from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. JPMorgan Chase & Co. started coverage on Stifel Financial in a report on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 price objective for the company. Citigroup boosted their price objective on Stifel Financial from $90.00 to $102.00 and gave the company a “neutral” rating in a report on Friday, September 27th. TD Cowen boosted their price objective on Stifel Financial from $100.00 to $105.00 and gave the company a “hold” rating in a report on Thursday, October 24th. Finally, JMP Securities boosted their price objective 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 research 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 a consensus target price of $105.57.

Insider Activity

In related news, COO David D. Sliney sold 25,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now directly owns 159,619 shares in the company, valued at approximately $18,544,535.42. This represents a 13.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 4.57% of the company’s stock.

Stifel Financial Stock Performance

NYSE SF opened at $110.58 on Monday. The stock has a market capitalization of $11.32 billion, a price-to-earnings ratio of 20.00 and a beta of 1.08. Stifel Financial Corp. has a twelve month low of $65.63 and a twelve month high of $119.12. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.27. The stock has a 50-day moving average of $108.53 and a 200 day moving average of $93.03.

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

Stifel Financial Dividend Announcement

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 $0.42 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.52%. Stifel Financial’s dividend payout ratio (DPR) is presently 30.38%.

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.