Metis Global Partners LLC Decreases Position in Stifel Financial Corp. (NYSE:SF)

Metis Global Partners LLC decreased its stake in Stifel Financial Corp. (NYSE:SF) by 8.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,340 shares of the financial services provider’s stock after selling 226 shares during the quarter. Metis Global Partners LLC’s holdings in Stifel Financial were worth $220,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Versant Capital Management Inc lifted its stake in Stifel Financial by 1,818.8% in the second quarter. Versant Capital Management Inc now owns 307 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 291 shares during the last quarter. Waldron Private Wealth LLC bought a new stake in shares of Stifel Financial during the 3rd quarter worth approximately $34,000. Mitsubishi UFJ Trust & Banking Corp purchased a new position in Stifel Financial during the 1st quarter valued at $33,000. GAMMA Investing LLC boosted its holdings in Stifel Financial by 27.7% during the 3rd quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 109 shares during the period. Finally, Rothschild Investment LLC bought a new position in Stifel Financial in the 2nd quarter valued at $64,000. Institutional investors own 82.01% of the company’s stock.

Insider Buying and Selling at Stifel Financial

In other news, COO David D. Sliney sold 25,000 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $116.18, for a total transaction of $2,904,500.00. Following the transaction, the chief operating officer now directly owns 159,619 shares of the company’s stock, valued at approximately $18,544,535.42. This represents a 13.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 4.57% of the company’s stock.

Stifel Financial Price Performance

NYSE SF opened at $113.20 on Wednesday. The company has a market cap of $11.59 billion, a PE ratio of 20.47 and a beta of 1.08. The firm’s 50 day moving average price is $100.33 and its 200-day moving average price is $88.99. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. Stifel Financial Corp. has a 52-week low of $60.17 and a 52-week high of $118.12.

Stifel Financial (NYSE:SF) last announced its earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share (EPS) 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 14.92%. The firm’s revenue was up 17.2% compared to the same quarter last year. During the same period last year, the business posted $0.60 EPS. Sell-side analysts forecast that Stifel Financial Corp. will post 6.44 EPS for the current fiscal year.

Stifel Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a $0.42 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.68 dividend on an annualized basis and a yield of 1.48%. Stifel Financial’s dividend payout ratio is presently 30.38%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on SF shares. Citigroup lifted their target price on Stifel Financial from $90.00 to $102.00 and gave the stock a “neutral” rating in a research report on Friday, September 27th. StockNews.com downgraded shares of Stifel Financial from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Wells Fargo & Company raised their target price on shares of Stifel Financial from $113.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. JMP Securities increased their price objective on Stifel Financial from $105.00 to $110.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 9th. Finally, The Goldman Sachs Group lifted their target price on Stifel Financial from $85.00 to $94.00 and gave the company a “neutral” rating in a research report on Thursday, September 26th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $103.17.

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.