Stifel Financial Corporation (NYSE:SF) Shares Bought by Wesbanco Bank Inc.

Wesbanco Bank Inc. grew its stake in Stifel Financial Corporation (NYSE:SF) by 11.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 50,647 shares of the financial services provider’s stock after acquiring an additional 5,106 shares during the period. Wesbanco Bank Inc. owned about 0.07% of Stifel Financial Corporation worth $2,708,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Prudential Financial Inc. boosted its holdings in shares of Stifel Financial Corporation by 18.1% in the 3rd quarter. Prudential Financial Inc. now owns 323,874 shares of the financial services provider’s stock valued at $17,314,000 after buying an additional 49,690 shares in the last quarter. American Century Companies Inc. acquired a new stake in Stifel Financial Corporation during the 3rd quarter worth $18,226,000. Chicago Equity Partners LLC boosted its stake in Stifel Financial Corporation by 132.9% during the 3rd quarter. Chicago Equity Partners LLC now owns 55,230 shares of the financial services provider’s stock worth $2,953,000 after purchasing an additional 31,520 shares during the period. Channing Capital Management LLC boosted its stake in Stifel Financial Corporation by 10.9% during the 3rd quarter. Channing Capital Management LLC now owns 941,500 shares of the financial services provider’s stock worth $50,333,000 after purchasing an additional 92,252 shares during the period. Finally, New York State Teachers Retirement System boosted its stake in Stifel Financial Corporation by 6.8% during the 3rd quarter. New York State Teachers Retirement System now owns 104,000 shares of the financial services provider’s stock worth $5,560,000 after purchasing an additional 6,600 shares during the period. 87.56% of the stock is currently owned by hedge funds and other institutional investors.

Stifel Financial Corporation (NYSE SF) opened at $52.99 on Thursday. The company has a market cap of $3,615.07, a price-to-earnings ratio of 16.45, a price-to-earnings-growth ratio of 1.28 and a beta of 1.70. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.68. Stifel Financial Corporation has a 1-year low of $41.93 and a 1-year high of $56.62.

Stifel Financial Corporation (NYSE:SF) last announced its quarterly earnings results on Monday, October 30th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.06. The company had revenue of $721.20 million during the quarter, compared to the consensus estimate of $701.12 million. Stifel Financial Corporation had a net margin of 7.61% and a return on equity of 9.78%. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 earnings per share. equities analysts forecast that Stifel Financial Corporation will post 3.44 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.75%. The ex-dividend date is Thursday, November 30th. Stifel Financial Corporation’s payout ratio is currently 15.94%.

In other Stifel Financial Corporation news, Director Frederick O. Hanser sold 3,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $51.96, for a total value of $155,880.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Thomas B. Michaud sold 24,536 shares of the business’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $52.40, for a total transaction of $1,285,686.40. Following the completion of the sale, the insider now owns 60,589 shares in the company, valued at $3,174,863.60. The disclosure for this sale can be found here. Insiders sold 34,304 shares of company stock valued at $1,795,480 in the last ninety days. Corporate insiders own 3.60% of the company’s stock.

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A number of equities analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Stifel Financial Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Nomura raised their target price on shares of Stifel Financial Corporation from $56.00 to $58.00 and gave the company a “neutral” rating in a report on Tuesday, October 31st. TheStreet raised shares of Stifel Financial Corporation from a “c+” rating to a “b” rating in a research note on Monday, July 31st. BidaskClub raised shares of Stifel Financial Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Finally, JMP Securities reaffirmed a “neutral” rating on shares of Stifel Financial Corporation in a research note on Friday, August 18th. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $56.33.

Stifel Financial Corporation Company Profile

Stifel Financial Corp. is a financial holding company. Its principal subsidiary is Stifel, Nicolaus & Company, Incorporated, a retail and institutional wealth management and investment banking firm. It operates through three segments: Global Wealth Management, Institutional Group and Other. The Global Wealth Management segment consists of the Private Client Group and Stifel Bank businesses.

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

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