Channing Capital Management LLC Raises Stock Position in Stifel Financial Corp. (NYSE:SF)

Channing Capital Management LLC raised its position in Stifel Financial Corp. (NYSE:SF - Free Report) by 13.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,128,947 shares of the financial services provider's stock after purchasing an additional 136,784 shares during the quarter. Stifel Financial accounts for approximately 2.3% of Channing Capital Management LLC's holdings, making the stock its 7th biggest holding. Channing Capital Management LLC owned approximately 1.11% of Stifel Financial worth $78,067,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. FinTrust Capital Advisors LLC bought a new stake in Stifel Financial during the 3rd quarter valued at about $30,000. First Horizon Advisors Inc. boosted its holdings in shares of Stifel Financial by 97.5% in the third quarter. First Horizon Advisors Inc. now owns 640 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 316 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in Stifel Financial by 39.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 730 shares of the financial services provider's stock worth $45,000 after purchasing an additional 206 shares in the last quarter. Bruce G. Allen Investments LLC purchased a new position in Stifel Financial during the 4th quarter worth $53,000. Finally, Signaturefd LLC raised its position in Stifel Financial by 29.4% during the 4th quarter. Signaturefd LLC now owns 1,030 shares of the financial services provider's stock valued at $71,000 after purchasing an additional 234 shares in the last quarter. Institutional investors own 82.01% of the company's stock.

Insider Activity at Stifel Financial

In other news, SVP Thomas B. Michaud sold 25,421 shares of the company's stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $74.26, for a total transaction of $1,887,763.46. Following the transaction, the senior vice president now owns 90,055 shares in the company, valued at $6,687,484.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, SVP Thomas B. Michaud sold 25,421 shares of Stifel Financial stock in a transaction on Monday, March 11th. The shares were sold at an average price of $74.26, for a total transaction of $1,887,763.46. Following the completion of the sale, the senior vice president now directly owns 90,055 shares in the company, valued at $6,687,484.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Victor Nesi sold 36,000 shares of the business's stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $75.37, for a total transaction of $2,713,320.00. Following the sale, the insider now directly owns 54,732 shares in the company, valued at $4,125,150.84. The disclosure for this sale can be found here. Insiders have sold 74,421 shares of company stock valued at $5,639,783 in the last ninety days. Corporate insiders own 3.52% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. StockNews.com upgraded Stifel Financial from a "buy" rating to a "strong-buy" rating in a research note on Friday, April 26th. TD Cowen boosted their price target on shares of Stifel Financial from $86.50 to $92.00 and gave the company an "outperform" rating in a report on Friday, March 22nd. Citigroup upped their price target on shares of Stifel Financial from $74.00 to $80.00 and gave the stock a "neutral" rating in a research report on Thursday, April 11th. UBS Group lifted their price objective on shares of Stifel Financial from $74.00 to $78.00 and gave the company a "neutral" rating in a report on Monday, January 29th. Finally, JMP Securities restated a "market outperform" rating and set a $88.00 target price on shares of Stifel Financial in a report on Tuesday, April 9th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $84.50.

Stifel Financial Stock Up 1.2 %

Shares of SF stock traded up $0.94 during mid-day trading on Friday, hitting $81.77. 509,544 shares of the stock traded hands, compared to its average volume of 607,984. The stock's fifty day moving average is $76.43 and its two-hundred day moving average is $70.25. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.82 and a quick ratio of 0.79. Stifel Financial Corp. has a 52-week low of $54.81 and a 52-week high of $82.14. The stock has a market cap of $8.41 billion, a P/E ratio of 18.58 and a beta of 1.14.

Stifel Financial (NYSE:SF - Get Free Report) last posted its earnings results on Wednesday, April 24th. The financial services provider reported $1.49 EPS for the quarter, missing analysts' consensus estimates of $1.62 by ($0.13). Stifel Financial had a net margin of 11.34% and a return on equity of 12.39%. The firm had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.14 billion. During the same period in the previous year, the company earned $1.40 EPS. The company's revenue was up 5.1% on a year-over-year basis. Equities analysts predict that Stifel Financial Corp. will post 7.04 EPS for the current year.

Stifel Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.05%. This is an increase from Stifel Financial's previous quarterly dividend of $0.36. The ex-dividend date was Thursday, February 29th. Stifel Financial's payout ratio is 38.18%.

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.

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