16,860 Stifel Financial Corporation $SF Shares Sold by Beverly Hills Private Wealth LLC

Beverly Hills Private Wealth LLC decreased its position in Stifel Financial Corporation (NYSE:SF) by 30.2% during the third quarter, HoldingsChannel.com reports. The fund owned 38,989 shares of the financial services provider’s stock after selling 16,860 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in Stifel Financial were worth $2,731,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Requisite Capital Management LLC bought a new stake in Stifel Financial in the second quarter worth $5,520,000. Fifth Third Bancorp raised its stake in Stifel Financial by 430.4% during the first quarter. Fifth Third Bancorp now owns 73,993 shares of the financial services provider’s stock valued at $5,470,000 after purchasing an additional 60,042 shares in the last quarter. Bank of America Corp DE purchased a new stake in Stifel Financial during the second quarter valued at $123,551,000. WINTON GROUP Ltd lifted its position in Stifel Financial by 21.4% during the second quarter. WINTON GROUP Ltd now owns 299,748 shares of the financial services provider’s stock valued at $20,913,000 after purchasing an additional 52,778 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its position in Stifel Financial by 716.1% during the second quarter. Squarepoint Ops LLC now owns 585,834 shares of the financial services provider’s stock valued at $40,874,000 after purchasing an additional 514,052 shares during the last quarter. 82.01% of the stock is owned by hedge funds and other institutional investors.

Stifel Financial Price Performance

Shares of Stifel Financial stock opened at $71.46 on Monday. The stock has a market cap of $10.79 billion, a price-to-earnings ratio of 12.41 and a beta of 1.01. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.82 and a current ratio of 0.87. The stock has a 50 day moving average price of $72.32 and a 200-day moving average price of $75.90. Stifel Financial Corporation has a one year low of $65.40 and a one year high of $89.83.

Stifel Financial (NYSE:SF) last released its quarterly earnings results on Wednesday, October 21st. The financial services provider reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.02. Stifel Financial had a return on equity of 19.33% and a net margin of 16.50%. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the prior year, the firm posted $1.95 EPS. Stifel Financial’s quarterly revenue was down .2% compared to the same quarter last year. Equities analysts expect that Stifel Financial Corporation will post 6.08 EPS for the current year.

Stifel Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Tuesday, December 1st. Stifel Financial’s payout ratio is presently 23.61%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Wall Street Zen cut shares of Stifel Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. Citigroup restated a “market outperform” rating on shares of Stifel Financial in a report on Thursday, October 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of Stifel Financial in a research report on Wednesday, August 26th. BMO Capital Markets lowered their price target on shares of Stifel Financial from $85.00 to $75.00 and set a “market perform” rating for the company in a report on Tuesday, October 6th. Finally, UBS Group set a $83.00 price target on shares of Stifel Financial and gave the company a “buy” rating in a report on Thursday, October 22nd. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Stifel Financial presently has a consensus rating of “Hold” and an average target price of $85.71.

Stifel Financial Company Profile

Stifel Financial Corp. is a financial services holding company headquartered in St. Louis, Missouri. Founded in 1890 as a brokerage firm, it has grown into a provider of services for individual investors, businesses, and institutional clients.

Through its wealth management business, Stifel offers investment advice, financial planning, brokerage services, and related banking and lending services. Its institutional businesses provide equity and fixed-income research, sales and trading, and investment banking services, including advice on mergers and acquisitions and assistance with securities offerings.

Stifel serves clients primarily in the United States, with operations and offices in other markets, including Europe.