Fiera Capital Corp Sells 20,761 Shares of Stifel Financial Corp. (NYSE:SF)

Fiera Capital Corp reduced its holdings in shares of Stifel Financial Corp. (NYSE:SF) by 3.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 657,814 shares of the financial services provider’s stock after selling 20,761 shares during the period. Fiera Capital Corp’s holdings in Stifel Financial were worth $61,769,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its holdings in Stifel Financial by 16.9% in the 1st quarter. BNP Paribas Financial Markets now owns 8,223 shares of the financial services provider’s stock worth $643,000 after purchasing an additional 1,187 shares during the period. Texas Permanent School Fund Corp increased its holdings in Stifel Financial by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 89,266 shares of the financial services provider’s stock worth $6,978,000 after acquiring an additional 1,156 shares in the last quarter. LSV Asset Management raised its stake in Stifel Financial by 3.2% during the 1st quarter. LSV Asset Management now owns 1,799,270 shares of the financial services provider’s stock worth $140,649,000 after acquiring an additional 56,570 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in Stifel Financial by 11.5% during the first quarter. Oppenheimer Asset Management Inc. now owns 102,349 shares of the financial services provider’s stock valued at $8,001,000 after purchasing an additional 10,539 shares in the last quarter. Finally, Qsemble Capital Management LP bought a new position in shares of Stifel Financial in the first quarter worth approximately $392,000. 82.01% of the stock is currently owned by institutional investors.

Stifel Financial Price Performance

Shares of NYSE SF traded up $0.89 during midday trading on Friday, reaching $114.94. 67,207 shares of the stock traded hands, compared to its average volume of 569,672. The company’s 50 day moving average is $95.56 and its 200 day moving average is $86.87. Stifel Financial Corp. has a one year low of $59.25 and a one year high of $117.76. The stock has a market capitalization of $11.78 billion, a PE ratio of 20.62 and a beta of 1.08. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.80.

Stifel Financial (NYSE:SF) last issued its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.10). The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Stifel Financial had a return on equity of 15.11% and a net margin of 12.98%. The business’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.60 earnings per share. On average, equities research analysts anticipate that Stifel Financial Corp. will post 6.44 earnings per share for the current year.

Stifel Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.68 annualized dividend and a yield of 1.46%. Stifel Financial’s payout ratio is presently 30.38%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SF. The Goldman Sachs Group lifted their target price on shares of Stifel Financial from $85.00 to $94.00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. JMP Securities increased their target price on Stifel Financial from $105.00 to $110.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 9th. Wolfe Research cut Stifel Financial from an “outperform” rating to a “peer perform” rating in a report on Monday, July 22nd. Wells Fargo & Company increased their price objective on shares of Stifel Financial from $108.00 to $113.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Finally, StockNews.com downgraded shares of Stifel Financial from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. Six equities research 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 stock currently has an average rating of “Hold” and an average price target of $100.33.

Stifel Financial Company Profile

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.