Stifel Financial Corp. (NYSE:SF) Stock Holdings Decreased by Creative Planning

Creative Planning lowered its position in shares of Stifel Financial Corp. (NYSE:SF) by 1.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,652 shares of the financial services provider’s stock after selling 239 shares during the quarter. Creative Planning’s holdings in Stifel Financial were worth $1,376,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. State of Michigan Retirement System lifted its stake in Stifel Financial by 2.5% in the 1st quarter. State of Michigan Retirement System now owns 25,087 shares of the financial services provider’s stock worth $1,961,000 after acquiring an additional 600 shares in the last quarter. Van ECK Associates Corp increased its stake in Stifel Financial by 36.5% in the 1st quarter. Van ECK Associates Corp now owns 35,083 shares of the financial services provider’s stock valued at $2,742,000 after buying an additional 9,384 shares during the period. Diversify Advisory Services LLC acquired a new position in Stifel Financial in the 1st quarter valued at approximately $237,000. BNP Paribas Financial Markets lifted its position in Stifel Financial by 16.9% in the 1st quarter. BNP Paribas Financial Markets now owns 8,223 shares of the financial services provider’s stock worth $643,000 after buying an additional 1,187 shares in the last quarter. Finally, Capstone Investment Advisors LLC purchased a new position in shares of Stifel Financial during the 1st quarter valued at $448,000. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on SF. TD Cowen lifted their price objective on Stifel Financial from $100.00 to $105.00 and gave the company a “hold” rating in a research report on Thursday, October 24th. Wells Fargo & Company lifted their price target on Stifel Financial from $108.00 to $113.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. JMP Securities raised their price objective on shares of Stifel Financial from $105.00 to $110.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 9th. 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. Finally, The Goldman Sachs Group increased their price target on shares of Stifel Financial from $85.00 to $94.00 and gave the stock a “neutral” rating in a research note on Thursday, September 26th. Six equities 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.com, the company presently has a consensus rating of “Hold” and a consensus price target of $100.33.

Stifel Financial Trading Down 0.6 %

Shares of SF stock opened at $104.15 on Thursday. Stifel Financial Corp. has a 12 month low of $56.28 and a 12 month high of $106.10. The company has a market cap of $10.68 billion, a PE ratio of 19.13 and a beta of 1.09. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 0.38. The business’s 50 day moving average is $92.76 and its two-hundred day moving average is $85.47.

Stifel Financial (NYSE:SF) last posted its 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). 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 15.11%. The business’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.60 earnings per share. Equities analysts predict that Stifel Financial Corp. will post 6.44 EPS for the current year.

Stifel Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.68 annualized dividend and a yield of 1.61%. Stifel Financial’s payout ratio is 30.38%.

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.