Stifel Financial Corporation $SF Stock Position Reduced by Beverly Hills Private Wealth LLC

Key Points

• Beverly Hills Private Wealth LLC cut its Stifel Financial stake by 30.2% in the third quarter, selling 16,860 shares and retaining 38,989 shares valued at about $2.73 million. Institutional investors collectively own 82.01% of the stock.
• Stifel reported quarterly EPS of $1.46, above the $1.44 analyst consensus, while revenue of $1.43 billion fell short of estimates and was down 0.2% year over year.
• Analyst sentiment was mixed: MarketBeat’s consensus rating was “Hold,” with an average price target of $85.71. Stifel also announced a quarterly dividend of $0.34 per share, equivalent to a 1.9% yield.

Beverly Hills Private Wealth LLC lowered its position in shares of Stifel Financial Corporation (NYSE:SF - Free Report) by 30.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,989 shares of the financial services provider's stock after selling 16,860 shares during the quarter. Beverly Hills Private Wealth LLC's holdings in Stifel Financial were worth $2,731,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Danske Bank A S bought a new stake in shares of Stifel Financial during the 2nd quarter valued at $31,000. Elevation Wealth Partners LLC lifted its stake in shares of Stifel Financial by 92.8% during the 3rd quarter. Elevation Wealth Partners LLC now owns 457 shares of the financial services provider's stock valued at $32,000 after buying an additional 220 shares in the last quarter. JTC Employer Solutions Trustee Ltd boosted its holdings in Stifel Financial by 49.8% in the 1st quarter. JTC Employer Solutions Trustee Ltd now owns 481 shares of the financial services provider's stock worth $36,000 after buying an additional 160 shares during the period. Keating Financial Advisory Services Inc. bought a new position in Stifel Financial in the 2nd quarter worth $35,000. Finally, Caitlin John LLC bought a new position in Stifel Financial in the 2nd quarter worth $41,000. 82.01% of the stock is currently owned by institutional investors.

Stifel Financial Price Performance

Shares of NYSE:SF opened at $71.46 on Monday. The firm has a market cap of $10.79 billion, a price-to-earnings ratio of 12.41 and a beta of 1.01. The firm has a fifty day moving average price of $72.32 and a 200 day moving average price of $75.90. Stifel Financial Corporation has a fifty-two week low of $65.40 and a fifty-two week high of $89.83. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.82 and a current ratio of 0.87.

Stifel Financial (NYSE:SF - Get Free Report) last announced its quarterly earnings results on Wednesday, October 21st. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.44 by $0.02. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.45 billion. Stifel Financial had a net margin of 16.50% and a return on equity of 19.33%. Stifel Financial's revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.95 EPS. As a group, sell-side analysts expect that Stifel Financial Corporation will post 6.08 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be given a dividend of $0.34 per share. The ex-dividend date is Tuesday, December 1st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.9%. Stifel Financial's dividend payout ratio (DPR) is presently 23.61%.

Analyst Upgrades and Downgrades

A number of research firms have commented on SF. Wall Street Zen cut Stifel Financial from a "buy" rating to a "hold" rating in a report on Sunday, August 9th. UBS Group set a $83.00 price objective on Stifel Financial and gave the stock a "buy" rating in a research note on Thursday, October 22nd. JPMorgan Chase & Co. cut their target price on Stifel Financial from $82.00 to $80.00 and set a "neutral" rating for the company in a research report on Thursday, October 22nd. Weiss Ratings reissued a "buy (b-)" rating on shares of Stifel Financial in a research note on Wednesday, August 26th. Finally, Capital One Financial set a $75.00 price target on Stifel Financial in a report on Tuesday, October 6th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $85.71.

About Stifel Financial

Stifel Financial Corp. is a financial services holding company headquartered in St. Louis, Missouri. Founded in 1890 as a brokerage firm, it has grown into a provider of services for individual investors, businesses, and institutional clients.

Through its wealth management business, Stifel offers investment advice, financial planning, brokerage services, and related banking and lending services. Its institutional businesses provide equity and fixed-income research, sales and trading, and investment banking services, including advice on mergers and acquisitions and assistance with securities offerings.

Stifel serves clients primarily in the United States, with operations and offices in other markets, including Europe.

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