Stifel Financial Corporation $SF Shares Sold by Fiera Capital Corp

Fiera Capital Corp decreased its stake in shares of Stifel Financial Corporation (NYSE:SF) by 1.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 617,855 shares of the financial services provider’s stock after selling 8,046 shares during the quarter. Fiera Capital Corp’s holdings in Stifel Financial were worth $64,121,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Allworth Financial LP grew its holdings in shares of Stifel Financial by 67.7% during the first quarter. Allworth Financial LP now owns 337 shares of the financial services provider’s stock valued at $29,000 after buying an additional 136 shares during the last quarter. Hantz Financial Services Inc. grew its stake in Stifel Financial by 5,528.6% during the 2nd quarter. Hantz Financial Services Inc. now owns 394 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 387 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Stifel Financial by 40.8% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 466 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 135 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Stifel Financial in the first quarter worth about $68,000. Finally, Quarry LP lifted its holdings in shares of Stifel Financial by 151.9% during the first quarter. Quarry LP now owns 1,156 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 697 shares during the period. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on SF shares. Stifel Nicolaus set a $131.00 price target on shares of Stifel Financial in a report on Wednesday, October 8th. JMP Securities increased their price objective on shares of Stifel Financial from $130.00 to $135.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 9th. Citigroup restated an “outperform” rating on shares of Stifel Financial in a research report on Thursday, October 9th. Cowen raised shares of Stifel Financial from a “hold” rating to a “buy” rating in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. lifted their price objective on Stifel Financial from $125.00 to $133.00 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $125.90.

Stifel Financial Trading Up 2.0%

Shares of Stifel Financial stock opened at $124.93 on Thursday. The firm has a 50-day simple moving average of $114.80 and a two-hundred day simple moving average of $107.47. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 0.82. Stifel Financial Corporation has a fifty-two week low of $73.27 and a fifty-two week high of $125.73. The company has a market cap of $12.72 billion, a P/E ratio of 22.07 and a beta of 1.19.

Stifel Financial (NYSE:SF) last posted its earnings results on Wednesday, October 22nd. The financial services provider reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.06. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Stifel Financial had a return on equity of 15.06% and a net margin of 12.44%.The company’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period last year, the firm earned $1.50 EPS. As a group, equities analysts predict that Stifel Financial Corporation will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, December 1st. Stifel Financial’s dividend payout ratio is presently 32.51%.

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.