Stifel Financial Corp. (NYSE:SF) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. decreased its stake in Stifel Financial Corp. (NYSE:SF) by 19.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 205,920 shares of the financial services provider’s stock after selling 48,713 shares during the period. JPMorgan Chase & Co. owned approximately 0.20% of Stifel Financial worth $19,336,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. TD Asset Management Inc lifted its stake in shares of Stifel Financial by 16.7% during the 2nd quarter. TD Asset Management Inc now owns 23,800 shares of the financial services provider’s stock worth $2,003,000 after purchasing an additional 3,400 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Stifel Financial by 19.0% in the second quarter. Victory Capital Management Inc. now owns 112,520 shares of the financial services provider’s stock worth $9,469,000 after acquiring an additional 18,003 shares in the last quarter. Acadian Asset Management LLC bought a new position in Stifel Financial during the 2nd quarter valued at $4,765,000. Caprock Group LLC bought a new stake in Stifel Financial in the second quarter valued at about $217,000. Finally, Choreo LLC acquired a new position in Stifel Financial in the second quarter worth $1,385,000. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Stifel Financial Price Performance

Shares of Stifel Financial stock opened at $108.35 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78. The company has a market cap of $11.09 billion, a PE ratio of 19.59 and a beta of 1.11. The firm has a fifty day moving average price of $110.71 and a two-hundred day moving average price of $96.35. Stifel Financial Corp. has a fifty-two week low of $68.09 and a fifty-two week 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 EPS for the quarter, missing the consensus estimate of $1.60 by ($0.10). The firm had revenue of $1.23 billion during 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%. The company’s revenue was up 17.2% on a year-over-year basis. During the same period last year, the company earned $0.60 EPS. Analysts expect that Stifel Financial Corp. will post 6.5 EPS for the current year.

Stifel Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a dividend of $0.42 per share. The ex-dividend date was Monday, December 2nd. This represents a $1.68 annualized dividend and a dividend yield of 1.55%. Stifel Financial’s dividend payout ratio (DPR) is currently 30.38%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. JMP Securities raised their target price on Stifel Financial from $105.00 to $110.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group raised their target price on Stifel Financial from $85.00 to $94.00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. TD Cowen raised their target price on shares of Stifel Financial from $100.00 to $105.00 and gave the stock a “hold” rating in a report on Thursday, October 24th. StockNews.com lowered Stifel Financial from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Finally, Citigroup lifted their target price on shares of Stifel Financial from $90.00 to $102.00 and gave the company a “neutral” rating in a research note on Friday, September 27th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Stifel Financial has an average rating of “Hold” and an average price target of $105.57.

Insider Buying and Selling

In related news, COO David D. Sliney sold 25,000 shares of the stock in a transaction dated Tuesday, November 12th. The shares were 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 $18,544,535.42. This trade represents a 13.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company 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.