Harbor Capital Advisors Inc. Has $4.94 Million Holdings in Stifel Financial Corp. (NYSE:SF)

Harbor Capital Advisors Inc. lifted its stake in Stifel Financial Corp. (NYSE:SF) by 99.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 52,648 shares of the financial services provider’s stock after buying an additional 26,215 shares during the period. Harbor Capital Advisors Inc.’s holdings in Stifel Financial were worth $4,944,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of SF. Versant Capital Management Inc grew its position in Stifel Financial by 1,818.8% in the 2nd quarter. Versant Capital Management Inc now owns 307 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 291 shares during the last quarter. Fidelis Capital Partners LLC acquired a new stake in Stifel Financial during the first quarter worth about $32,000. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Stifel Financial during the first quarter worth about $33,000. Waldron Private Wealth LLC bought a new position in Stifel Financial during the third quarter valued at about $34,000. Finally, GAMMA Investing LLC raised its holdings 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 acquiring an additional 109 shares in the last quarter. Institutional investors own 82.01% of the company’s stock.

Wall Street Analyst Weigh In

SF has been the topic of a number of research reports. StockNews.com cut Stifel Financial from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. The Goldman Sachs Group upped their price objective on Stifel Financial from $85.00 to $94.00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. TD Cowen boosted their price target on Stifel Financial from $100.00 to $105.00 and gave the company a “hold” rating in a research note on Thursday, October 24th. JMP Securities increased their price objective on Stifel Financial from $105.00 to $110.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 9th. Finally, Wells Fargo & Company boosted their target price on shares of Stifel Financial from $108.00 to $113.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Stifel Financial presently has an average rating of “Hold” and an average target price of $100.33.

Stifel Financial Stock Performance

Shares of NYSE:SF opened at $103.27 on Monday. The business has a fifty day moving average of $93.82 and a 200-day moving average of $86.00. The firm has a market cap of $10.59 billion, a PE ratio of 18.67 and a beta of 1.08. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.80 and a current ratio of 0.84. Stifel Financial Corp. has a twelve month low of $57.69 and a twelve month high of $106.10.

Stifel Financial (NYSE:SF) last announced its 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). Stifel Financial had a return on equity of 15.11% and a net margin of 12.98%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the firm posted $0.60 earnings per share. The company’s revenue was up 17.2% on a year-over-year basis. On average, equities research analysts predict that Stifel Financial Corp. will post 6.44 EPS for the current fiscal year.

Stifel Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Monday, December 2nd. Stifel Financial’s dividend payout ratio is 30.38%.

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.