Oak Thistle LLC Buys New Position in Stifel Financial Corp. (NYSE:SF)

Oak Thistle LLC purchased a new position in shares of Stifel Financial Corp. (NYSE:SF) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 3,831 shares of the financial services provider’s stock, valued at approximately $406,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC increased its position in shares of Stifel Financial by 18.8% during the third quarter. FMR LLC now owns 7,956,412 shares of the financial services provider’s stock worth $747,107,000 after buying an additional 1,256,595 shares during the period. State Street Corp grew its holdings in Stifel Financial by 1.0% during the 3rd quarter. State Street Corp now owns 3,122,342 shares of the financial services provider’s stock worth $293,188,000 after acquiring an additional 31,101 shares during the period. Earnest Partners LLC raised its position in shares of Stifel Financial by 0.8% in the 2nd quarter. Earnest Partners LLC now owns 2,954,099 shares of the financial services provider’s stock worth $248,587,000 after acquiring an additional 22,040 shares in the last quarter. Stifel Financial Corp lifted its stake in shares of Stifel Financial by 1.5% in the 3rd quarter. Stifel Financial Corp now owns 2,279,267 shares of the financial services provider’s stock valued at $214,023,000 after purchasing an additional 33,953 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Stifel Financial by 0.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,007,738 shares of the financial services provider’s stock valued at $168,932,000 after purchasing an additional 7,113 shares in the last quarter. Institutional investors and hedge funds own 82.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SF. JMP Securities boosted their price target on Stifel Financial from $105.00 to $110.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 9th. Wells Fargo & Company dropped their target price on shares of Stifel Financial from $130.00 to $128.00 and set an “overweight” rating on the stock in a research report on Tuesday. Citigroup raised their price target on shares of Stifel Financial from $110.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. JPMorgan Chase & Co. initiated coverage on shares of Stifel Financial in a research report on Tuesday, December 10th. They set a “neutral” rating and a $120.00 price objective on the stock. Finally, StockNews.com lowered Stifel Financial from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $107.14.

Stifel Financial Trading Up 1.7 %

NYSE:SF opened at $111.91 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78. Stifel Financial Corp. has a one year low of $68.09 and a one year high of $119.12. The company has a market cap of $11.45 billion, a PE ratio of 20.24 and a beta of 1.11. The firm has a 50-day moving average of $110.81 and a 200-day moving average of $97.35.

Stifel Financial (NYSE:SF) last issued 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). The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Stifel Financial had a return on equity of 14.92% and a net margin of 12.98%. The business’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same period last year, the company earned $0.60 earnings per share. As a group, equities research analysts expect that Stifel Financial Corp. will post 6.53 EPS for the current fiscal year.

Stifel Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $0.42 dividend. The ex-dividend date was Monday, December 2nd. This represents a $1.68 annualized dividend and a dividend yield of 1.50%. Stifel Financial’s payout ratio is 30.38%.

Insider Activity

In other Stifel Financial news, COO David D. Sliney sold 25,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $116.18, for a total value of $2,904,500.00. Following the completion of 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 represents a 13.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 4.57% of the stock is currently owned by corporate insiders.

Stifel Financial Company Profile

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.