Channing Capital Management LLC grew its stake in shares of Stifel Financial Corp (NYSE:SF) by 0.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,083,827 shares of the financial services provider’s stock after purchasing an additional 9,974 shares during the quarter. Stifel Financial makes up 2.0% of Channing Capital Management LLC’s portfolio, making the stock its 28th largest holding. Channing Capital Management LLC owned about 1.51% of Stifel Financial worth $55,557,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently bought and sold shares of SF. BlackRock Inc. grew its holdings in Stifel Financial by 0.4% in the 3rd quarter. BlackRock Inc. now owns 8,052,553 shares of the financial services provider’s stock worth $412,774,000 after buying an additional 30,404 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Stifel Financial by 5.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,715,368 shares of the financial services provider’s stock worth $139,192,000 after buying an additional 133,239 shares in the last quarter. Macquarie Group Ltd. grew its holdings in Stifel Financial by 4.2% in the 2nd quarter. Macquarie Group Ltd. now owns 2,437,842 shares of the financial services provider’s stock worth $127,377,000 after buying an additional 98,692 shares in the last quarter. Alliancebernstein L.P. grew its holdings in Stifel Financial by 3.8% in the 3rd quarter. Alliancebernstein L.P. now owns 2,233,902 shares of the financial services provider’s stock worth $114,510,000 after buying an additional 82,325 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in Stifel Financial by 0.5% in the 3rd quarter. Fisher Asset Management LLC now owns 1,956,725 shares of the financial services provider’s stock worth $100,302,000 after buying an additional 9,483 shares in the last quarter. 84.79% of the stock is owned by institutional investors.
In related news, insider James M. Zemlyak acquired 3,565 shares of the business’s stock in a transaction dated Thursday, November 1st. The stock was bought at an average price of $46.99 per share, for a total transaction of $167,519.35. Following the transaction, the insider now owns 835,485 shares of the company’s stock, valued at $39,259,440.15. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Michael J. Zimmerman acquired 5,000 shares of the business’s stock in a transaction dated Wednesday, November 7th. The shares were bought at an average price of $48.39 per share, with a total value of $241,950.00. Following the transaction, the director now directly owns 10,694 shares in the company, valued at approximately $517,482.66. The disclosure for this purchase can be found here. Corporate insiders own 3.86% of the company’s stock.
A number of equities analysts recently issued reports on the company. ValuEngine lowered Stifel Financial from a “hold” rating to a “sell” rating in a report on Tuesday, September 18th. Wolfe Research assumed coverage on Stifel Financial in a report on Tuesday, September 25th. They issued a “market perform” rating and a $63.00 price objective for the company. Zacks Investment Research lowered Stifel Financial from a “hold” rating to a “sell” rating in a report on Friday, October 5th. JMP Securities raised Stifel Financial from a “market perform” rating to an “outperform” rating in a report on Wednesday, October 3rd. Finally, Stifel Nicolaus raised Stifel Financial to an “outperform” rating in a report on Wednesday, October 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $62.00.
SF opened at $48.27 on Monday. The company has a market capitalization of $3.48 billion, a price-to-earnings ratio of 12.10, a PEG ratio of 1.16 and a beta of 1.87. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.72 and a quick ratio of 0.66. Stifel Financial Corp has a 1-year low of $42.51 and a 1-year high of $68.76.
Stifel Financial (NYSE:SF) last released its earnings results on Tuesday, October 30th. The financial services provider reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.01. The firm had revenue of $738.34 million during the quarter, compared to the consensus estimate of $764.90 million. Stifel Financial had a return on equity of 14.99% and a net margin of 9.16%. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.89 earnings per share. On average, analysts predict that Stifel Financial Corp will post 5.2 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, November 30th. This represents a $0.48 dividend on an annualized basis and a yield of 0.99%. Stifel Financial’s dividend payout ratio (DPR) is 12.03%.
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, the United Kingdom, and rest of Europe. The company operates through three segments: Global Wealth Management, Institutional Group, and Other.
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