Pitcairn Co. Sells 889 Shares of Stifel Financial Corp. (NYSE:SF)

Pitcairn Co. decreased its holdings in shares of Stifel Financial Corp. (NYSE:SF) by 10.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 7,807 shares of the financial services provider’s stock after selling 889 shares during the period. Pitcairn Co.’s holdings in Stifel Financial were worth $530,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Invesco Ltd. grew its stake in shares of Stifel Financial by 13.2% during the second quarter. Invesco Ltd. now owns 1,766,846 shares of the financial services provider’s stock valued at $114,596,000 after buying an additional 205,734 shares during the last quarter. New York State Common Retirement Fund grew its stake in shares of Stifel Financial by 19.4% during the third quarter. New York State Common Retirement Fund now owns 725,226 shares of the financial services provider’s stock valued at $49,286,000 after buying an additional 117,883 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Stifel Financial by 1,238.3% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 199,400 shares of the financial services provider’s stock valued at $12,933,000 after buying an additional 184,500 shares during the last quarter. Berman Capital Advisors LLC grew its stake in shares of Stifel Financial by 44.3% during the third quarter. Berman Capital Advisors LLC now owns 1,431 shares of the financial services provider’s stock valued at $97,000 after buying an additional 439 shares during the last quarter. Finally, Liberty Wealth Management LLC grew its stake in shares of Stifel Financial by 3,295.4% during the second quarter. Liberty Wealth Management LLC now owns 13,378 shares of the financial services provider’s stock valued at $206,000 after buying an additional 12,984 shares during the last quarter. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

In other Stifel Financial news, insider Victor Nesi sold 10,000 shares of the stock in a transaction on Wednesday, December 1st. The stock was sold at an average price of $73.19, for a total transaction of $731,900.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 3.24% of the stock is currently owned by company insiders.

Shares of NYSE:SF opened at $73.73 on Friday. Stifel Financial Corp. has a 52-week low of $49.38 and a 52-week high of $78.60. The stock has a market cap of $7.68 billion, a P/E ratio of 12.11 and a beta of 1.42. The business’s 50 day moving average is $72.57 and its 200 day moving average is $70.00. The company has a quick ratio of 0.72, a current ratio of 0.77 and a debt-to-equity ratio of 0.35.

Stifel Financial (NYSE:SF) last announced its quarterly earnings data on Tuesday, October 26th. The financial services provider reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.17. Stifel Financial had a return on equity of 20.64% and a net margin of 16.74%. The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the prior year, the firm earned $1.59 earnings per share. Stifel Financial’s revenue was up 29.6% compared to the same quarter last year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 15th. Shareholders of record on Wednesday, December 1st were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, November 30th. This represents a $0.60 annualized dividend and a yield of 0.81%. Stifel Financial’s dividend payout ratio (DPR) is presently 9.85%.

Separately, JMP Securities increased their price objective on Stifel Financial from $87.00 to $92.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Stifel Financial has a consensus rating of “Hold” and an average price target of $83.00.

Stifel Financial Company Profile

Stifel Financial Corp. provides securities brokerage, investment banking, trading, investment advisory and related financial services. It operates through the following segments: Global Wealth Management, Institutional Group, and Other. The Global Wealth Management segment provides securities transaction, brokerage and investment services to clients.

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Institutional Ownership by Quarter for Stifel Financial (NYSE:SF)

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