Integrated Advisors Network LLC Sells 2,541 Shares of Stifel Financial Corp. (NYSE:SF)

Integrated Advisors Network LLC reduced its holdings in Stifel Financial Corp. (NYSE:SF) by 5.0% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,379 shares of the financial services provider’s stock after selling 2,541 shares during the quarter. Integrated Advisors Network LLC’s holdings in Stifel Financial were worth $4,543,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. SageView Advisory Group LLC purchased a new position in Stifel Financial in the 1st quarter worth approximately $1,251,000. SG Americas Securities LLC purchased a new position in shares of Stifel Financial in the second quarter worth $1,543,000. Van ECK Associates Corp increased its stake in shares of Stifel Financial by 36.5% in the first quarter. Van ECK Associates Corp now owns 35,083 shares of the financial services provider’s stock worth $2,742,000 after buying an additional 9,384 shares during the period. Blue Trust Inc. raised its holdings in Stifel Financial by 268.6% during the 2nd quarter. Blue Trust Inc. now owns 8,798 shares of the financial services provider’s stock valued at $688,000 after buying an additional 6,411 shares during the last quarter. Finally, Capital CS Group LLC purchased a new stake in Stifel Financial during the 2nd quarter valued at $614,000. Institutional investors own 82.01% of the company’s stock.

Stifel Financial Price Performance

SF opened at $104.92 on Tuesday. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 0.38. The company has a market cap of $10.76 billion, a price-to-earnings ratio of 19.01 and a beta of 1.09. The stock has a fifty day simple moving average of $92.36 and a two-hundred day simple moving average of $85.25. Stifel Financial Corp. has a 12-month low of $55.73 and a 12-month high of $105.94.

Stifel Financial (NYSE:SF) last issued its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share for the quarter, missing the consensus estimate of $1.60 by ($0.10). The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.20 billion. Stifel Financial had a net margin of 12.98% and a return on equity of 15.11%. Stifel Financial’s revenue was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.60 earnings per share. Research analysts predict that Stifel Financial Corp. will post 6.44 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date was Tuesday, September 3rd. Stifel Financial’s dividend payout ratio (DPR) is 30.38%.

Analyst Ratings Changes

Several brokerages have recently commented on SF. JMP Securities upped their price objective on shares of Stifel Financial from $105.00 to $110.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 9th. TD Cowen lifted their price objective on Stifel Financial from $100.00 to $105.00 and gave the stock a “hold” rating in a research report on Thursday, October 24th. Citigroup upped their target price on Stifel Financial from $90.00 to $102.00 and gave the company a “neutral” rating in a report on Friday, September 27th. Wells Fargo & Company raised their price target on Stifel Financial from $108.00 to $113.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Finally, The Goldman Sachs Group upped their price objective on shares of Stifel Financial from $85.00 to $94.00 and gave the stock a “neutral” rating in a report on Thursday, September 26th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $100.33.

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 and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.