American Century Companies Inc. decreased its position in Stifel Financial Corporation (NYSE:SF - Free Report) by 18.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 61,440 shares of the financial services provider's stock after selling 13,799 shares during the quarter. American Century Companies Inc. owned about 0.06% of Stifel Financial worth $6,376,000 as of its most recent SEC filing.

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Other large investors also recently made changes to their positions in the company. Zurich Insurance Group Ltd FI acquired a new position in shares of Stifel Financial in the first quarter valued at about $1,386,000. OLD National Bancorp IN bought a new stake in Stifel Financial in the 2nd quarter valued at about $243,000. Sequoia Financial Advisors LLC acquired a new position in shares of Stifel Financial during the 2nd quarter worth approximately $606,000. Russell Investments Group Ltd. grew its position in shares of Stifel Financial by 93.8% during the 1st quarter. Russell Investments Group Ltd. now owns 28,536 shares of the financial services provider's stock worth $2,690,000 after purchasing an additional 13,814 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in shares of Stifel Financial by 82.1% during the first quarter. HighTower Advisors LLC now owns 15,986 shares of the financial services provider's stock worth $1,507,000 after purchasing an additional 7,209 shares during the period. Institutional investors own 82.01% of the company's stock.

Stifel Financial Price Performance

Stifel Financial stock opened at $126.26 on Friday. The firm has a market capitalization of $12.86 billion, a P/E ratio of 22.31 and a beta of 1.14. Stifel Financial Corporation has a one year low of $73.27 and a one year high of $126.69. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.84 and a quick ratio of 0.79. The business has a fifty day moving average price of $117.00 and a 200-day moving average price of $110.77.

• Analysts Upgrade GXO Logistics, Its First Quarter Says It All

Stifel Financial (NYSE:SF - Get Free Report) last issued its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.89 by $0.06. The business had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.33 billion. Stifel Financial had a return on equity of 14.95% and a net margin of 12.44%.The firm's quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.50 EPS. As a group, equities research analysts forecast that Stifel Financial Corporation will post 8.26 EPS for the current year.

Stifel Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Monday, December 1st. Stifel Financial's dividend payout ratio (DPR) is 32.51%.

Analysts Set New Price Targets

Several brokerages recently issued reports on SF. TD Cowen upgraded 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 research note on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price objective on Stifel Financial from $125.00 to $133.00 and gave the company a "neutral" rating in a report on Thursday, October 23rd. Stifel Nicolaus set a $131.00 target price on Stifel Financial in a report on Wednesday, October 8th. Zacks Research downgraded Stifel Financial from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 24th. Finally, Cowen upgraded shares of Stifel Financial from a "hold" rating to a "buy" rating in a research note on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $125.90.

Check Out Our Latest Analysis on SF

Stifel Financial Profile

(Free Report)

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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