Stifel Financial Corp (NYSE:SF) Position Boosted by BBVA USA Bancshares Inc.

BBVA USA Bancshares Inc. grew its position in shares of Stifel Financial Corp (NYSE:SF) by 1.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,819 shares of the financial services provider’s stock after buying an additional 253 shares during the quarter. BBVA USA Bancshares Inc.’s holdings in Stifel Financial were worth $793,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund lifted its holdings in shares of Stifel Financial by 1.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 28,889 shares of the financial services provider’s stock valued at $1,706,000 after buying an additional 411 shares during the last quarter. MML Investors Services LLC lifted its holdings in Stifel Financial by 7.7% in the 2nd quarter. MML Investors Services LLC now owns 5,880 shares of the financial services provider’s stock worth $347,000 after purchasing an additional 421 shares during the last quarter. Bowling Portfolio Management LLC acquired a new stake in Stifel Financial in the 2nd quarter worth approximately $2,096,000. Moody Aldrich Partners LLC lifted its holdings in Stifel Financial by 2.6% in the 2nd quarter. Moody Aldrich Partners LLC now owns 54,460 shares of the financial services provider’s stock worth $3,216,000 after purchasing an additional 1,396 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Stifel Financial by 4.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 581,911 shares of the financial services provider’s stock worth $33,320,000 after purchasing an additional 22,478 shares during the last quarter. Institutional investors and hedge funds own 84.51% of the company’s stock.

Several equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Stifel Financial from a “sell” rating to a “hold” rating in a report on Saturday, September 7th. ValuEngine lowered Stifel Financial from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. Stifel Financial has an average rating of “Hold” and a consensus price target of $62.60.

Shares of SF stock opened at $59.93 on Friday. Stifel Financial Corp has a 12 month low of $38.39 and a 12 month high of $61.94. The firm has a market cap of $4.16 billion, a PE ratio of 11.35 and a beta of 1.88. The stock has a 50 day moving average of $56.24 and a 200-day moving average of $56.61. The company has a quick ratio of 0.68, a current ratio of 0.74 and a debt-to-equity ratio of 0.58.

Stifel Financial (NYSE:SF) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.03. Stifel Financial had a return on equity of 14.68% and a net margin of 13.55%. The company had revenue of $821.50 million during the quarter, compared to analyst estimates of $798.53 million. During the same period in the previous year, the company earned $1.35 earnings per share. The company’s quarterly revenue was up 11.3% compared to the same quarter last year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, November 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.00%. Stifel Financial’s dividend payout ratio (DPR) is presently 11.36%.

In other news, SVP Richard J. Himelfarb sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $60.75, for a total transaction of $607,500.00. Following the sale, the senior vice president now directly owns 103,774 shares in the company, valued at $6,304,270.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert Edward Grady sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $53.45, for a total value of $133,625.00. Following the sale, the director now owns 11,307 shares in the company, valued at $604,359.15. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,298 shares of company stock valued at $2,108,617. Corporate insiders own 3.77% of the company’s stock.

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, the United Kingdom, rest of Europe, and Asia. The company operates through three segments: Global Wealth Management, Institutional Group, and Other.

Further Reading: Lock-Up Period Expiration

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Institutional Ownership by Quarter for Stifel Financial (NYSE:SF)

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