Hotchkis & Wiley Capital Management LLC Has $44.21 Million Stock Holdings in Stifel Financial Corp. (NYSE:SF)
Hotchkis & Wiley Capital Management LLC reduced its stake in Stifel Financial Corp. (NYSE:SF) by 9.0% in Q3, now holding 470,774 shares valued at $206,000. Other investors like CIBC Asset Management and GAMMA Investing also adjusted their positions. COO David D. Sliney sold 25,000 shares, decreasing his stake by 13.54%. Stifel Financial reported Q3 earnings of $0.50 per share, missing estimates, with revenue up 17.2% year-over-year. A quarterly dividend of $0.42 per share will be paid on December 16, 2023, with a yield of 1.46%.
Hotchkis & Wiley Capital Management LLC lessened its stake in Stifel Financial Corp. (NYSE:SF - Free Report) by 9.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 470,774 shares of the financial services provider's stock after selling 46,310 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned approximately 0.46% of Stifel Financial worth $44,206,000 at the end of the most recent reporting period.
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Several other large investors also recently modified their holdings of the stock. CIBC Asset Management Inc increased its position in shares of Stifel Financial by 3.5% during the third quarter. CIBC Asset Management Inc now owns 3,019 shares of the financial services provider's stock valued at $283,000 after buying an additional 102 shares during the period. GAMMA Investing LLC increased 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 worth $47,000 after buying an additional 109 shares during the period. Tributary Capital Management LLC boosted its position in Stifel Financial by 1.0% during the third quarter. Tributary Capital Management LLC now owns 12,603 shares of the financial services provider's stock valued at $1,183,000 after purchasing an additional 126 shares in the last quarter. CWM LLC raised its stake in Stifel Financial by 3.8% in the 3rd quarter. CWM LLC now owns 3,940 shares of the financial services provider's stock worth $370,000 after acquiring an additional 145 shares during the last quarter. Finally, OneDigital Investment Advisors LLC increased its holdings in Stifel Financial by 3.5% in the third quarter. OneDigital Investment Advisors LLC now owns 4,954 shares of the financial services provider's stock valued at $465,000 after buying an additional 166 shares in the last quarter. Hedge funds and other institutional investors own 82.01% of the company's stock.
Insider Transactions at Stifel Financial
In other Stifel Financial news, COO David D. Sliney sold 25,000 shares of the stock in a transaction dated 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 sale, the chief operating officer now directly owns 159,619 shares of the company's stock, valued at approximately $18,544,535.42. This trade represents a 13.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.57% of the company's stock.
Stifel Financial Stock Performance
NYSE:SF opened at $114.74 on Tuesday. The firm has a market capitalization of $11.74 billion, a price-to-earnings ratio of 20.75 and a beta of 1.08. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.27. Stifel Financial Corp. has a twelve month low of $62.79 and a twelve month high of $119.12. The firm's fifty day simple moving average is $105.19 and its 200 day simple moving average is $91.05.
Stifel Financial (NYSE:SF - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share for the quarter, missing analysts' consensus estimates of $1.60 by ($0.10). The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.20 billion. Stifel Financial had a net margin of 12.98% and a return on equity of 14.92%. The firm's revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.60 EPS. As a group, equities research analysts expect that Stifel Financial Corp. will post 6.44 earnings per share for the current fiscal year.
Stifel Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Monday, December 2nd. Stifel Financial's payout ratio is 30.38%.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the company. StockNews.com lowered Stifel Financial from a "buy" rating to a "hold" rating in a research report on Thursday, October 3rd. Wells Fargo & Company lifted their price objective on shares of Stifel Financial from $113.00 to $130.00 and gave the company an "overweight" rating in a research report on Wednesday, November 13th. TD Cowen upped their target price on Stifel Financial from $100.00 to $105.00 and gave the stock a "hold" rating in a research note on Thursday, October 24th. Citigroup lifted their target price on Stifel Financial from $90.00 to $102.00 and gave the stock a "neutral" rating in a report on Friday, September 27th. Finally, The Goldman Sachs Group boosted their price target on shares of Stifel Financial from $85.00 to $94.00 and gave the stock a "neutral" rating in a report on Thursday, September 26th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $103.17.
Check Out Our Latest Research Report 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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