B. Riley Wealth Advisors Inc. Sells 5,356 Shares of Stifel Financial Corp. (NYSE:SF)

B. Riley Wealth Advisors Inc. reduced its position in Stifel Financial Corp. (NYSE:SF) by 42.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 7,344 shares of the financial services provider’s stock after selling 5,356 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Stifel Financial were worth $690,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. CIBC Asset Management Inc raised its position in shares of Stifel Financial by 3.5% in the third quarter. CIBC Asset Management Inc now owns 3,019 shares of the financial services provider’s stock valued at $283,000 after purchasing an additional 102 shares during the period. GAMMA Investing LLC grew its stake in Stifel Financial by 27.7% in the 3rd quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider’s stock valued at $47,000 after buying an additional 109 shares in the last quarter. Tributary Capital Management LLC raised its holdings in Stifel Financial by 1.0% during the 3rd quarter. Tributary Capital Management LLC now owns 12,603 shares of the financial services provider’s stock valued at $1,183,000 after acquiring an additional 126 shares during the period. CWM LLC raised its holdings in Stifel Financial by 3.8% during the 3rd quarter. CWM LLC now owns 3,940 shares of the financial services provider’s stock valued at $370,000 after acquiring an additional 145 shares during the period. Finally, Rehmann Capital Advisory Group lifted its position in shares of Stifel Financial by 4.9% during the third quarter. Rehmann Capital Advisory Group now owns 3,234 shares of the financial services provider’s stock worth $306,000 after acquiring an additional 151 shares in the last quarter. 82.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, COO David D. Sliney sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $116.18, for a total transaction of $2,904,500.00. Following the transaction, the chief operating officer now directly owns 159,619 shares of the company’s stock, valued at approximately $18,544,535.42. The trade was a 13.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.57% of the company’s stock.

Stifel Financial Price Performance

SF opened at $102.32 on Thursday. Stifel Financial Corp. has a 12-month low of $66.64 and a 12-month high of $119.12. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.27. The stock has a 50-day moving average price of $109.04 and a 200-day moving average price of $93.43. The stock has a market capitalization of $10.47 billion, a P/E ratio of 18.50 and a beta of 1.08.

Stifel Financial (NYSE:SF) last released its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $1.50 EPS for the quarter, missing the consensus estimate of $1.60 by ($0.10). Stifel Financial had a return on equity of 14.92% and a net margin of 12.98%. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the firm posted $0.60 EPS. The firm’s quarterly revenue was up 17.2% on a year-over-year basis. Equities analysts predict that Stifel Financial Corp. will post 6.5 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.68 annualized dividend and a yield of 1.64%. Stifel Financial’s payout ratio is currently 30.38%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SF shares. Wells Fargo & Company boosted 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 shares of Stifel Financial in a research report on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 price objective for the company. The Goldman Sachs Group raised their price objective on shares of Stifel Financial from $85.00 to $94.00 and gave the company a “neutral” rating in a research report on Thursday, September 26th. TD Cowen increased their target price on shares of Stifel Financial from $100.00 to $105.00 and gave the stock a “hold” rating in a research note on Thursday, October 24th. Finally, JMP Securities raised their price target on shares of Stifel Financial from $105.00 to $110.00 and gave the company a “market outperform” rating in a report on Wednesday, October 9th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $105.57.

About Stifel Financial

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.