Kingsview Wealth Management LLC Takes $274,000 Position in Stifel Financial Corp. (NYSE:SF)

Kingsview Wealth Management LLC bought a new position in shares of Stifel Financial Corp. (NYSE:SF) in the third quarter, Holdings Channel.com reports. The fund bought 2,920 shares of the financial services provider’s stock, valued at approximately $274,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Advisors Asset Management Inc. acquired a new position in Stifel Financial in the first quarter valued at approximately $146,000. Price T Rowe Associates Inc. MD lifted its position in shares of Stifel Financial by 4.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 51,865 shares of the financial services provider’s stock valued at $4,055,000 after acquiring an additional 2,419 shares during the period. B. Riley Wealth Advisors Inc. boosted its stake in Stifel Financial by 7.9% during the first quarter. B. Riley Wealth Advisors Inc. now owns 13,881 shares of the financial services provider’s stock worth $1,085,000 after acquiring an additional 1,016 shares in the last quarter. Comerica Bank grew its holdings in Stifel Financial by 7.7% in the first quarter. Comerica Bank now owns 52,358 shares of the financial services provider’s stock worth $4,093,000 after purchasing an additional 3,747 shares during the period. Finally, Atria Investments Inc bought a new stake in Stifel Financial in the first quarter valued at $1,640,000. Institutional investors and hedge funds own 82.01% of the company’s stock.

Stifel Financial Trading Down 0.4 %

NYSE SF opened at $115.82 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.27. The business has a fifty day simple moving average of $104.28 and a 200 day simple moving average of $90.50. Stifel Financial Corp. has a 12 month low of $60.45 and a 12 month high of $119.12. The firm has a market capitalization of $11.85 billion, a P/E ratio of 20.94 and a beta of 1.08.

Stifel Financial (NYSE:SF) last released its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.10). Stifel Financial had a net margin of 12.98% and a return on equity of 14.92%. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the business earned $0.60 earnings per share. The firm’s revenue for the quarter was up 17.2% on a year-over-year basis. On average, analysts predict that Stifel Financial Corp. will post 6.44 EPS for the current fiscal year.

Stifel Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid 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 dividend yield of 1.45%. Stifel Financial’s payout ratio is presently 30.38%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company increased their price objective 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 target on Stifel Financial from $105.00 to $110.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 9th. The Goldman Sachs Group boosted their price objective on Stifel Financial from $85.00 to $94.00 and gave the company a “neutral” rating in a report on Thursday, September 26th. TD Cowen increased their target price on Stifel Financial from $100.00 to $105.00 and gave the stock a “hold” rating in a report on Thursday, October 24th. Finally, StockNews.com lowered shares of Stifel Financial from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $103.17.

Insider Activity

In related news, COO David D. Sliney sold 25,000 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $116.18, for a total transaction of $2,904,500.00. Following the completion of the transaction, the chief operating officer now owns 159,619 shares in the company, valued at approximately $18,544,535.42. This represents a 13.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 4.57% of the stock is currently owned by corporate insiders.

About Stifel Financial

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.