Stifel Financial Corporation $SF Stock Position Lifted by Tributary Capital Management LLC

Tributary Capital Management LLC grew its position in Stifel Financial Corporation (NYSE:SF) by 26.5% in the third quarter, Holdings Channel.com reports. The fund owned 23,528 shares of the financial services provider’s stock after buying an additional 4,932 shares during the period. Tributary Capital Management LLC’s holdings in Stifel Financial were worth $2,670,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Boston Partners increased its stake in Stifel Financial by 2,727.0% during the second quarter. Boston Partners now owns 2,326,249 shares of the financial services provider’s stock valued at $241,468,000 after purchasing an additional 2,243,961 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Stifel Financial by 0.5% during the 2nd quarter. Geode Capital Management LLC now owns 1,797,528 shares of the financial services provider’s stock valued at $186,578,000 after buying an additional 9,188 shares during the last quarter. Norges Bank acquired a new stake in Stifel Financial during the second quarter worth about $143,377,000. Invesco Ltd. lifted its holdings in Stifel Financial by 12.9% in the second quarter. Invesco Ltd. now owns 1,368,457 shares of the financial services provider’s stock worth $142,018,000 after acquiring an additional 156,877 shares during the last quarter. Finally, Channing Capital Management LLC lifted its holdings in Stifel Financial by 7.4% in the second quarter. Channing Capital Management LLC now owns 885,441 shares of the financial services provider’s stock worth $91,891,000 after acquiring an additional 61,343 shares during the last quarter. 82.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Citigroup reaffirmed an “outperform” rating on shares of Stifel Financial in a report on Thursday, October 9th. JPMorgan Chase & Co. upped their price objective on Stifel Financial from $125.00 to $133.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. TD Cowen raised shares of Stifel Financial from a “hold” rating to a “buy” rating and boosted their price target for the company from $118.00 to $131.00 in a report on Wednesday, October 8th. JMP Securities increased their price objective on shares of Stifel Financial from $130.00 to $135.00 and gave the stock a “market outperform” rating in a report on Thursday, October 9th. Finally, Cowen upgraded shares of Stifel Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, October 8th. Seven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $131.50.

Stifel Financial Stock Down 1.9%

Stifel Financial stock opened at $130.64 on Thursday. The company has a current ratio of 0.84, a quick ratio of 0.79 and a debt-to-equity ratio of 0.28. The company’s 50-day moving average price is $124.02 and its two-hundred day moving average price is $116.06. Stifel Financial Corporation has a 52 week low of $73.27 and a 52 week high of $134.74. The stock has a market cap of $13.30 billion, a price-to-earnings ratio of 23.08 and a beta of 1.13.

Stifel Financial (NYSE:SF) last posted its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.06. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.33 billion. Stifel Financial had a net margin of 12.44% and a return on equity of 14.95%. The business’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.50 EPS. On average, analysts expect that Stifel Financial Corporation will post 8.26 EPS for the current fiscal year.

Stifel Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were given a $0.46 dividend. The ex-dividend date was Monday, December 1st. This represents a $1.84 annualized dividend and a yield of 1.4%. Stifel Financial’s payout ratio is 32.51%.

Stifel Financial Company Profile

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full‐service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research‐driven insights.

The firm’s main business activities are organized into two core segments: Private Client Group and Institutional Group.