Crossmark Global Holdings Inc. Sells 970 Shares of Stifel Financial Corp. (NYSE:SF)

Crossmark Global Holdings Inc. reduced its stake in Stifel Financial Corp. (NYSE:SF – Get Rating) by 9.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,814 shares of the financial services provider’s stock after selling 970 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Stifel Financial were worth $457,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of SF. Citigroup Inc. raised its holdings in Stifel Financial by 22.0% in the 1st quarter. Citigroup Inc. now owns 58,283 shares of the financial services provider’s stock valued at $3,957,000 after acquiring an additional 10,500 shares during the period. Bank of Montreal Can increased its holdings in shares of Stifel Financial by 118.2% during the first quarter. Bank of Montreal Can now owns 81,633 shares of the financial services provider’s stock worth $5,808,000 after purchasing an additional 44,219 shares during the period. Great West Life Assurance Co. Can increased its holdings in shares of Stifel Financial by 8.4% during the first quarter. Great West Life Assurance Co. Can now owns 57,088 shares of the financial services provider’s stock worth $3,985,000 after purchasing an additional 4,405 shares during the period. Sei Investments Co. increased its holdings in shares of Stifel Financial by 1.3% during the first quarter. Sei Investments Co. now owns 165,260 shares of the financial services provider’s stock worth $11,192,000 after purchasing an additional 2,135 shares during the period. Finally, Canada Pension Plan Investment Board bought a new position in shares of Stifel Financial during the first quarter worth approximately $550,000. 83.02% of the stock is owned by institutional investors.

Stifel Financial Stock Performance

NYSE SF opened at $61.79 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $6.57 billion, a price-to-earnings ratio of 10.28 and a beta of 1.29. The firm’s 50 day simple moving average is $61.00 and its 200 day simple moving average is $59.45. Stifel Financial Corp. has a 1 year low of $49.31 and a 1 year high of $83.28.

Stifel Financial (NYSE:SF – Get Rating) last posted its quarterly earnings results on Wednesday, October 26th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter. The business had revenue of $1.05 billion for the quarter. Stifel Financial had a net margin of 16.33% and a return on equity of 17.92%.

Stifel Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st were given a $0.30 dividend. The ex-dividend date was Wednesday, November 30th. This represents a $1.20 dividend on an annualized basis and a yield of 1.94%. Stifel Financial’s dividend payout ratio is currently 19.97%.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. UBS Group assumed coverage on shares of Stifel Financial in a report on Tuesday, November 22nd. They set a “neutral” rating on the stock. Citigroup assumed coverage on shares of Stifel Financial in a report on Tuesday, October 11th. They set a “neutral” rating and a $60.00 target price on the stock. StockNews.com assumed coverage on shares of Stifel Financial in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, JMP Securities reduced their price target on shares of Stifel Financial from $98.00 to $95.00 and set a “market outperform” rating on the stock in a research report on Tuesday, January 10th.

About Stifel Financial

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Stifel Financial Corp. provides securities brokerage, investment banking, trading, investment advisory, and related financial services. It operates through the following segments: Global Wealth Management, Institutional Group, and Other. The Global Wealth Management segment provides securities transaction, brokerage, and investment services to clients.