First Citizens Bank & Trust Co. Acquires New Holdings in Stifel Financial Corporation $SF

First Citizens Bank & Trust Co. purchased a new stake in Stifel Financial Corporation (NYSE:SF) in the third quarter, Holdings Channel.com reports. The fund purchased 11,420 shares of the financial services provider’s stock, valued at approximately $800,000.

Other large investors have also bought and sold shares of the company. Danske Bank A S bought a new position in Stifel Financial in the 2nd quarter valued at $31,000. Elevation Wealth Partners LLC grew its stake in shares of Stifel Financial by 92.8% during the 3rd quarter. Elevation Wealth Partners LLC now owns 457 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 220 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in shares of Stifel Financial during the 4th quarter worth $34,000. Keating Financial Advisory Services Inc. bought a new position in shares of Stifel Financial during the 2nd quarter worth $35,000. Finally, JTC Employer Solutions Trustee Ltd grew its stake in shares of Stifel Financial by 49.8% during the 1st quarter. JTC Employer Solutions Trustee Ltd now owns 481 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 160 shares during the period. 82.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on SF shares. BMO Capital Markets lowered their price target on shares of Stifel Financial from $85.00 to $75.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 6th. JPMorgan Chase & Co. dropped their price objective on Stifel Financial from $86.00 to $82.00 and set a “neutral” rating on the stock in a report on Tuesday, October 6th. Wall Street Zen downgraded Stifel Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. Capital One Financial set a $75.00 target price on Stifel Financial in a report on Tuesday, October 6th. Finally, TD Cowen decreased their price target on Stifel Financial from $84.00 to $78.00 and set a “hold” rating on the stock in a research report on Monday, October 12th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $86.08.

Insider Transactions at Stifel Financial

In related news, Director Maryam Brown sold 4,700 shares of the firm’s stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $79.20, for a total transaction of $372,240.00. Following the transaction, the director directly owned 5,729 shares in the company, valued at $453,736.80. This trade represents a 45.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.36% of the stock is currently owned by insiders.

Stifel Financial Stock Performance

NYSE SF opened at $67.45 on Friday. The company has a 50-day simple moving average of $76.66 and a two-hundred day simple moving average of $76.06. Stifel Financial Corporation has a 12-month low of $66.89 and a 12-month high of $89.83. The firm has a market cap of $10.18 billion, a price-to-earnings ratio of 12.07 and a beta of 1.01. The company has a quick ratio of 0.83, a current ratio of 0.88 and a debt-to-equity ratio of 0.33.

Stifel Financial (NYSE:SF) last released its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $1.42 EPS for the quarter, topping the consensus estimate of $1.33 by $0.09. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.42 billion. Stifel Financial had a return on equity of 19.22% and a net margin of 16.11%. The company’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.71 earnings per share. On average, equities analysts forecast that Stifel Financial Corporation will post 6.17 EPS for the current year.

Stifel Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were issued a dividend of $0.34 per share. The ex-dividend date was Tuesday, September 1st. This represents a $1.36 annualized dividend and a yield of 2.0%. Stifel Financial’s dividend payout ratio is currently 24.33%.

Stifel Financial Company Profile

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company provides wealth management, investment banking, institutional brokerage, equity and fixed-income research, securities trading, and asset management services.

Its wealth management business serves individual investors, families, businesses, and institutions through financial planning, investment advisory, brokerage, banking, and related services.