Harbor Capital Advisors Inc. Cuts Stock Holdings in Stifel Financial Corp. (NYSE:SF)

Harbor Capital Advisors Inc. cut its stake in shares of Stifel Financial Corp. (NYSE:SF) by 21.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 41,200 shares of the financial services provider’s stock after selling 11,448 shares during the period. Harbor Capital Advisors Inc.’s holdings in Stifel Financial were worth $4,370,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Waldron Private Wealth LLC purchased a new stake in Stifel Financial during the 3rd quarter worth about $34,000. GAMMA Investing LLC lifted its stake in Stifel Financial by 27.7% during the third quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 109 shares during the last quarter. Versant Capital Management Inc increased its stake in Stifel Financial by 46.5% in the fourth quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 145 shares during the last quarter. UMB Bank n.a. raised its holdings in Stifel Financial by 36.6% during the third quarter. UMB Bank n.a. now owns 870 shares of the financial services provider’s stock worth $82,000 after purchasing an additional 233 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of Stifel Financial by 148.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,201 shares of the financial services provider’s stock worth $113,000 after buying an additional 717 shares during the last quarter. Institutional investors and hedge funds own 82.01% of the company’s stock.

Stifel Financial Trading Down 4.0 %

NYSE:SF opened at $104.14 on Friday. Stifel Financial Corp. has a 52-week low of $68.09 and a 52-week high of $119.12. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. The stock has a fifty day simple moving average of $110.80 and a 200-day simple moving average of $96.43. The company has a market capitalization of $10.66 billion, a PE ratio of 18.83 and a beta of 1.11.

Stifel Financial (NYSE:SF) last announced its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the company earned $0.60 EPS. The firm’s revenue for the quarter was up 17.2% on a year-over-year basis. On average, equities research analysts expect that Stifel Financial Corp. will post 6.5 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a $0.42 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.61%. Stifel Financial’s dividend payout ratio (DPR) is 30.38%.

Insider Activity

In other Stifel Financial news, COO David D. Sliney sold 25,000 shares of Stifel Financial 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. The trade was a 13.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SF shares. Wells Fargo & Company boosted their price target on shares of Stifel Financial from $113.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Citigroup lifted their price target on Stifel Financial from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday. TD Cowen increased their price objective on Stifel Financial from $100.00 to $105.00 and gave the company a “hold” rating in a report on Thursday, October 24th. StockNews.com downgraded shares of Stifel Financial from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Finally, The Goldman Sachs Group upped their target price on shares of Stifel Financial from $85.00 to $94.00 and gave the company a “neutral” rating in a report on Thursday, September 26th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Stifel Financial presently has an average rating of “Hold” and a consensus target price of $107.43.

Stifel Financial 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.