Harbor Capital Advisors Inc. Decreases Position in Stifel Financial Corp. (NYSE:SF)

Harbor Capital Advisors Inc. trimmed its holdings in shares of Stifel Financial Corp. (NYSE:SF) by 21.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,200 shares of the financial services provider’s stock after selling 11,448 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Stifel Financial were worth $4,370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Stifel Financial by 16.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,448 shares of the financial services provider’s stock valued at $578,000 after buying an additional 779 shares during the last quarter. Everence Capital Management Inc. purchased a new stake in Stifel Financial during the 4th quarter valued at about $237,000. GAMMA Investing LLC increased its holdings in shares of Stifel Financial by 78.9% in the fourth quarter. GAMMA Investing LLC now owns 900 shares of the financial services provider’s stock valued at $95,000 after purchasing an additional 397 shares during the period. Versant Capital Management Inc raised its stake in shares of Stifel Financial by 46.5% in the fourth quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 145 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Stifel Financial by 9.7% during the third quarter. Franklin Resources Inc. now owns 44,113 shares of the financial services provider’s stock worth $4,336,000 after purchasing an additional 3,887 shares during the period. 82.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, COO David D. Sliney sold 25,000 shares of the 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 owns 159,619 shares of the company’s stock, valued at $18,544,535.42. This represents a 13.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 4.57% of the stock is currently owned by company insiders.

Stifel Financial Trading Down 4.0 %

Shares of NYSE:SF opened at $104.14 on Friday. The business’s 50 day moving average price is $110.80 and its 200-day moving average price is $96.43. Stifel Financial Corp. has a 1 year low of $68.09 and a 1 year high of $119.12. The firm has a market capitalization of $10.66 billion, a price-to-earnings ratio of 18.83 and a beta of 1.11. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78.

Stifel Financial (NYSE:SF) last issued its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.10). The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.20 billion. Stifel Financial had a return on equity of 14.92% and a net margin of 12.98%. The business’s revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 earnings per share. On average, equities research analysts forecast that Stifel Financial Corp. will post 6.5 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors 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 annualized dividend and a dividend yield of 1.61%. Stifel Financial’s dividend payout ratio is presently 30.38%.

Analyst Ratings Changes

A number of equities analysts have issued reports on SF shares. JMP Securities raised their price target on shares of Stifel Financial from $105.00 to $110.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group upped their price target 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. Wells Fargo & Company lifted their price objective on Stifel Financial from $113.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. JPMorgan Chase & Co. started coverage on Stifel Financial in a research note on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 target price on the stock. Finally, Citigroup lifted their price target on Stifel Financial from $110.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Stifel Financial has an average rating of “Hold” and an average target price of $107.43.

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.