Stifel Financial Corporation $SF Shares Sold by Brandywine Oak Private Wealth LLC

Brandywine Oak Private Wealth LLC trimmed its position in shares of Stifel Financial Corporation (NYSE:SF) by 18.3% during the third quarter, HoldingsChannel reports. The fund owned 47,629 shares of the financial services provider’s stock after selling 10,678 shares during the quarter. Stifel Financial comprises 0.5% of Brandywine Oak Private Wealth LLC’s holdings, making the stock its 29th biggest position. Brandywine Oak Private Wealth LLC’s holdings in Stifel Financial were worth $5,404,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Boston Partners boosted its holdings in Stifel Financial by 2,727.0% in the 2nd quarter. Boston Partners now owns 2,326,249 shares of the financial services provider’s stock valued at $241,468,000 after purchasing an additional 2,243,961 shares in the last quarter. Norges Bank acquired a new stake in shares of Stifel Financial in the 2nd quarter valued at approximately $143,377,000. Assenagon Asset Management S.A. purchased a new stake in shares of Stifel Financial in the third quarter valued at approximately $35,576,000. Walleye Capital LLC grew its holdings in Stifel Financial by 59.0% during the second quarter. Walleye Capital LLC now owns 436,350 shares of the financial services provider’s stock worth $45,284,000 after acquiring an additional 161,984 shares during the period. Finally, Invesco Ltd. raised its position in Stifel Financial by 12.9% in the second quarter. Invesco Ltd. now owns 1,368,457 shares of the financial services provider’s stock worth $142,018,000 after acquiring an additional 156,877 shares in the last quarter. 82.01% of the stock is owned by hedge funds and other institutional investors.

Stifel Financial Stock Performance

NYSE:SF opened at $126.83 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.79 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $12.92 billion, a P/E ratio of 22.41 and a beta of 1.13. The firm has a 50-day moving average price of $125.75 and a two-hundred day moving average price of $117.74. Stifel Financial Corporation has a twelve month low of $73.27 and a twelve month high of $134.74.

Stifel Financial (NYSE:SF) last released its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported $1.95 EPS for the quarter, beating the consensus estimate of $1.89 by $0.06. Stifel Financial had a net margin of 12.44% and a return on equity of 14.95%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period in the prior year, the business earned $1.50 earnings per share. The company’s quarterly revenue was up 16.7% on a year-over-year basis. As a group, research analysts expect that Stifel Financial Corporation will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Monday, December 1st. Stifel Financial’s dividend payout ratio is 32.51%.

Analysts Set New Price Targets

SF has been the topic of several research analyst reports. JMP Securities boosted their target price on shares of Stifel Financial from $130.00 to $135.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 9th. Zacks Research downgraded shares of Stifel Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. Citizens Jmp increased their target price on shares of Stifel Financial from $140.00 to $155.00 and gave the company a “market outperform” rating in a report on Monday, January 12th. Citigroup reiterated an “outperform” rating on shares of Stifel Financial in a research report on Monday, January 12th. Finally, UBS Group set a $150.00 price target on Stifel Financial and gave the stock a “buy” rating in a report on Thursday, December 11th. Six analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, Stifel Financial has an average rating of “Hold” and a consensus target price of $135.18.

Stifel Financial Company Profile

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full‐service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research‐driven insights.

The firm’s main business activities are organized into two core segments: Private Client Group and Institutional Group.