Wealth Enhancement Advisory Services LLC Has $438,000 Stock Holdings in Stifel Financial Corp. (NYSE:SF)

Wealth Enhancement Advisory Services LLC reduced its stake in Stifel Financial Corp. (NYSE:SF) by 23.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,669 shares of the financial services provider’s stock after selling 1,424 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Stifel Financial were worth $438,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SF. Vanguard Group Inc. raised its stake in Stifel Financial by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 10,461,734 shares of the financial services provider’s stock worth $817,794,000 after buying an additional 391,384 shares during the period. Earnest Partners LLC lifted its holdings in shares of 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 grew its position 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 valued at $168,932,000 after purchasing an additional 7,113 shares during the period. Bank of New York Mellon Corp raised its holdings in Stifel Financial by 0.6% during the second 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 last quarter. Finally, Fiera Capital Corp grew its holdings in shares of Stifel Financial by 1.2% during the second quarter. Fiera Capital Corp now owns 678,575 shares of the financial services provider’s stock valued at $57,102,000 after buying an additional 8,048 shares during the last quarter. Institutional investors and hedge funds own 82.01% of the company’s stock.

Stifel Financial Stock Up 1.1 %

Stifel Financial stock opened at $115.29 on Friday. The firm has a 50 day moving average price of $96.11 and a 200-day moving average price of $87.13. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 0.38. Stifel Financial Corp. has a twelve month low of $59.25 and a twelve month high of $117.76. The company has a market capitalization of $11.82 billion, a P/E ratio of 20.85 and a beta of 1.08.

Stifel Financial (NYSE:SF) last issued its quarterly 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). Stifel Financial had a net margin of 12.98% and a return on equity of 15.11%. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the prior year, the company earned $0.60 EPS. The firm’s quarterly revenue was up 17.2% on a year-over-year basis. As a group, equities analysts predict that Stifel Financial Corp. will post 6.44 EPS for the current year.

Stifel Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Monday, December 2nd. Stifel Financial’s payout ratio is currently 30.38%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. StockNews.com lowered shares of Stifel Financial from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. Wolfe Research lowered Stifel Financial from an “outperform” rating to a “peer perform” rating in a report on Monday, July 22nd. JMP Securities upped their price target on Stifel Financial from $105.00 to $110.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 9th. TD Cowen raised their price objective on Stifel Financial from $100.00 to $105.00 and gave the company a “hold” rating in a research note on Thursday, October 24th. Finally, Wells Fargo & Company lifted their price objective on shares of Stifel Financial from $108.00 to $113.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Stifel Financial presently has an average rating of “Hold” and an average price target of $100.33.

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.