Crossmark Global Holdings Inc. Grows Holdings in Stifel Financial Corp. (NYSE:SF)

Crossmark Global Holdings Inc. raised its position in Stifel Financial Corp. (NYSE:SF) by 12.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,068 shares of the financial services provider’s stock after buying an additional 803 shares during the period. Crossmark Global Holdings Inc.’s holdings in Stifel Financial were worth $664,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Assetmark Inc. increased its stake in shares of Stifel Financial by 6.6% in the third quarter. Assetmark Inc. now owns 26,373 shares of the financial services provider’s stock worth $2,476,000 after buying an additional 1,622 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc grew its holdings in Stifel Financial by 0.6% during the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 271,680 shares of the financial services provider’s stock worth $25,511,000 after acquiring an additional 1,546 shares in the last quarter. Radnor Capital Management LLC bought a new stake in shares of Stifel Financial in the 3rd quarter worth about $447,000. QRG Capital Management Inc. raised its stake in shares of Stifel Financial by 9.2% in the 3rd quarter. QRG Capital Management Inc. now owns 17,032 shares of the financial services provider’s stock valued at $1,599,000 after purchasing an additional 1,435 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in shares of Stifel Financial by 40.0% during the third quarter. Van ECK Associates Corp now owns 53,771 shares of the financial services provider’s stock worth $5,443,000 after purchasing an additional 15,365 shares during the last quarter. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on SF shares. StockNews.com cut Stifel Financial from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. JMP Securities upped their price target on Stifel Financial from $105.00 to $110.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 9th. TD Cowen lifted their price objective on shares of Stifel Financial from $100.00 to $105.00 and gave the stock a “hold” rating in a report on Thursday, October 24th. The Goldman Sachs Group increased their target price 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. Finally, Wolfe Research lowered shares of Stifel Financial from an “outperform” rating to a “peer perform” rating in a report on Monday, July 22nd. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $103.17.

Stifel Financial Stock Down 1.0 %

SF stock opened at $114.44 on Friday. The stock has a market cap of $11.71 billion, a PE ratio of 20.69 and a beta of 1.08. The firm’s 50-day simple moving average is $99.14 and its 200 day simple moving average is $88.41. Stifel Financial Corp. has a fifty-two week low of $60.17 and a fifty-two week high of $118.12. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27.

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 business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the firm posted $0.60 EPS. The business’s quarterly revenue was up 17.2% on a year-over-year basis. As a group, sell-side analysts predict that Stifel Financial Corp. will post 6.44 EPS for the current year.

Stifel Financial Announces Dividend

The firm also recently declared 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 is Monday, December 2nd. This represents a $1.68 annualized dividend and a dividend yield of 1.47%. Stifel Financial’s payout ratio is 30.38%.

Insider Activity

In other news, COO David D. Sliney sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $116.18, for a total value of $2,904,500.00. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 4.57% of the company’s stock.

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.