Principal Financial Group Inc. reduced its stake in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 2.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,006,574 shares of the financial services provider's stock after selling 28,475 shares during the quarter. Principal Financial Group Inc. owned about 0.98% of Stifel Financial worth $94,517,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Stifel Financial by 3.9% during the first quarter. Vanguard Group Inc. now owns 10,461,734 shares of the financial services provider's stock valued at $817,794,000 after purchasing an additional 391,384 shares during the period. Earnest Partners LLC raised its stake in Stifel Financial by 0.8% during the 2nd quarter. Earnest Partners LLC now owns 2,954,099 shares of the financial services provider's stock worth $248,587,000 after buying an additional 22,040 shares during the period. Dimensional Fund Advisors LP grew its stake in Stifel Financial by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,007,738 shares of the financial services provider's stock valued at $168,932,000 after acquiring an additional 7,113 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Stifel Financial by 0.6% in 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 acquiring an additional 7,348 shares in the last quarter. Finally, Fiera Capital Corp lifted its holdings in shares of Stifel Financial by 1.2% during the 2nd quarter. Fiera Capital Corp now owns 678,575 shares of the financial services provider's stock valued at $57,102,000 after purchasing an additional 8,048 shares in the last quarter. 82.01% of the stock is owned by institutional investors.
Several analysts have commented on SF shares. StockNews.com downgraded shares of Stifel Financial from a "buy" rating to a "hold" rating in a report on Thursday, October 3rd. Wells Fargo & Company boosted 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. The Goldman Sachs Group boosted 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 price target on shares of Stifel Financial from $100.00 to $105.00 and gave the stock a "hold" rating in a research note on Thursday, October 24th. Finally, Citigroup lifted their price objective on shares of Stifel Financial from $90.00 to $102.00 and gave the company a "neutral" rating in a report on Friday, September 27th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, Stifel Financial presently has a consensus rating of "Hold" and a consensus price target of $100.33.
Read Our Latest Report on Stifel Financial
NYSE:SF opened at $115.29 on Friday. Stifel Financial Corp. has a 12-month low of $59.25 and a 12-month high of $117.76. The firm has a market capitalization of $11.82 billion, a price-to-earnings ratio of 20.85 and a beta of 1.08. The stock's 50 day moving average price is $96.11 and its two-hundred day moving average price is $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 (NYSE:SF - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share 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 business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the company posted $0.60 EPS. The firm's revenue was up 17.2% on a year-over-year basis. On average, analysts anticipate that Stifel Financial Corp. will post 6.44 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Monday, December 2nd. Stifel Financial's payout ratio is 30.38%.
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.
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