Point72 Asset Management L.P. lessened its holdings in Stifel Financial Corp (NYSE:SF) by 46.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,880 shares of the financial services provider’s stock after selling 46,098 shares during the quarter. Point72 Asset Management L.P. owned 0.08% of Stifel Financial worth $3,092,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. MML Investors Services LLC increased its holdings in shares of Stifel Financial by 7.7% during the second quarter. MML Investors Services LLC now owns 5,880 shares of the financial services provider’s stock worth $347,000 after buying an additional 421 shares in the last quarter. Bowling Portfolio Management LLC bought a new position in shares of Stifel Financial in the second quarter worth about $2,096,000. Moody Aldrich Partners LLC raised its stake in shares of Stifel Financial by 2.6% in the second quarter. Moody Aldrich Partners LLC now owns 54,460 shares of the financial services provider’s stock worth $3,216,000 after acquiring an additional 1,396 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Stifel Financial by 4.0% during the second quarter. JPMorgan Chase & Co. now owns 581,911 shares of the financial services provider’s stock worth $33,320,000 after purchasing an additional 22,478 shares in the last quarter. Finally, Swiss National Bank grew its stake in shares of Stifel Financial by 1.9% during the second quarter. Swiss National Bank now owns 133,742 shares of the financial services provider’s stock valued at $7,899,000 after purchasing an additional 2,500 shares during the last quarter. 85.32% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Allen Brautigam sold 1,000 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $59.63, for a total transaction of $59,630.00. Following the completion of the sale, the director now directly owns 31,171 shares of the company’s stock, valued at approximately $1,858,726.73. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Richard J. Himelfarb sold 10,000 shares of Stifel Financial stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $60.75, for a total transaction of $607,500.00. Following the completion of the transaction, the senior vice president now directly owns 103,774 shares in the company, valued at approximately $6,304,270.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,798 shares of company stock valued at $1,974,992. 3.77% of the stock is owned by insiders.
SF opened at $61.63 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.74 and a quick ratio of 0.68. The company has a market cap of $4.27 billion, a price-to-earnings ratio of 11.67 and a beta of 1.91. The firm has a 50 day simple moving average of $59.06 and a 200 day simple moving average of $56.88. Stifel Financial Corp has a fifty-two week low of $38.39 and a fifty-two week high of $63.52.
Stifel Financial (NYSE:SF) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.03. The firm had revenue of $821.50 million for the quarter, compared to analysts’ expectations of $798.53 million. Stifel Financial had a net margin of 13.55% and a return on equity of 14.68%. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period last year, the firm earned $1.35 earnings per share.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Friday, November 29th. Stifel Financial’s dividend payout ratio (DPR) is currently 11.36%.
A number of brokerages have commented on SF. ValuEngine lowered Stifel Financial from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. Zacks Investment Research upgraded Stifel Financial from a “sell” rating to a “hold” rating in a research report on Saturday, September 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Stifel Financial has an average rating of “Hold” and an average price target of $62.60.
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, the United Kingdom, rest of Europe, and Asia. The company operates through three segments: Global Wealth Management, Institutional Group, and Other.
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