Victory Capital Management Inc. Cuts Holdings in Stifel Financial Corp. (NYSE:SF)

Victory Capital Management Inc. decreased its holdings in Stifel Financial Corp. (NYSE:SF) by 34.4% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 73,792 shares of the financial services provider’s stock after selling 38,728 shares during the period. Victory Capital Management Inc. owned approximately 0.07% of Stifel Financial worth $6,929,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of SF. Versant Capital Management Inc grew its position in shares of Stifel Financial by 1,818.8% in the 2nd quarter. Versant Capital Management Inc now owns 307 shares of the financial services provider’s stock worth $26,000 after buying an additional 291 shares during the period. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in Stifel Financial during the 1st quarter valued at $33,000. Waldron Private Wealth LLC purchased a new position in shares of Stifel Financial in the 3rd quarter worth $34,000. GAMMA Investing LLC grew its holdings in shares of Stifel Financial by 27.7% in the third quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 109 shares during the period. Finally, Bessemer Group Inc. lifted its holdings in Stifel Financial by 388.3% in the first quarter. Bessemer Group Inc. now owns 796 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 633 shares during the period. Institutional investors own 82.01% of the company’s stock.

Stifel Financial Price Performance

Shares of SF stock opened at $115.05 on Friday. The firm’s 50-day moving average is $100.94 and its two-hundred day moving average is $89.16. 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 capitalization of $11.78 billion, a PE ratio of 20.79 and a beta of 1.08. Stifel Financial Corp. has a 12 month low of $60.17 and a 12 month high of $118.12.

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 the consensus estimate of $1.60 by ($0.10). Stifel Financial had a return on equity of 14.92% and a net margin of 12.98%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the company posted $0.60 EPS. Stifel Financial’s revenue was up 17.2% on a year-over-year basis. Analysts predict that Stifel Financial Corp. will post 6.44 earnings per share for the current year.

Stifel Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.46%. The ex-dividend date is Monday, December 2nd. Stifel Financial’s dividend payout ratio (DPR) is presently 30.38%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SF. Citigroup raised their price objective on Stifel Financial from $90.00 to $102.00 and gave the stock a “neutral” rating in a research note on Friday, September 27th. Wells Fargo & Company increased their price target on Stifel Financial from $113.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. JMP Securities lifted their price target on shares of Stifel Financial from $105.00 to $110.00 and gave the company 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 report on Thursday, October 24th. Finally, StockNews.com downgraded Stifel Financial from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $103.17.

Insider Activity

In related news, COO David D. Sliney sold 25,000 shares of Stifel Financial stock in a transaction dated 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 completion of the sale, the chief operating officer now owns 159,619 shares in the company, valued at approximately $18,544,535.42. This trade represents a 13.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 4.57% of the company’s stock.

Stifel Financial 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.