OLD National Bancorp IN Invests $204,000 in Stifel Financial Corp. (NYSE:SF)

OLD National Bancorp IN purchased a new stake in shares of Stifel Financial Corp. (NYSE:SF) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,925 shares of the financial services provider’s stock, valued at approximately $204,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new position in shares of Stifel Financial in the fourth quarter valued at approximately $126,000. Perigon Wealth Management LLC raised its position in Stifel Financial by 4.5% in the 4th quarter. Perigon Wealth Management LLC now owns 3,531 shares of the financial services provider’s stock valued at $395,000 after purchasing an additional 153 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of Stifel Financial by 2.6% in the fourth quarter. Pacer Advisors Inc. now owns 19,985 shares of the financial services provider’s stock valued at $2,120,000 after buying an additional 507 shares in the last quarter. KBC Group NV raised its holdings in shares of Stifel Financial by 54.4% in the fourth quarter. KBC Group NV now owns 4,407 shares of the financial services provider’s stock valued at $467,000 after buying an additional 1,552 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in Stifel Financial by 26.1% during the 4th quarter. Blue Trust Inc. now owns 5,064 shares of the financial services provider’s stock worth $537,000 after buying an additional 1,047 shares in the last quarter. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Stifel Financial Stock Down 1.5 %

NYSE:SF opened at $115.81 on Monday. The stock’s fifty day simple moving average is $110.84 and its 200-day simple moving average is $100.00. The firm has a market capitalization of $11.85 billion, a P/E ratio of 18.56 and a beta of 1.11. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. Stifel Financial Corp. has a 12-month low of $71.36 and a 12-month high of $120.64.

Stifel Financial (NYSE:SF) last posted its earnings results on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.27. Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. Equities research analysts expect that Stifel Financial Corp. will post 7.87 earnings per share for the current year.

Stifel Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $0.46 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This is a positive change from Stifel Financial’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a yield of 1.59%. Stifel Financial’s dividend payout ratio (DPR) is 29.49%.

Insider Transactions at Stifel Financial

In other news, COO David D. Sliney sold 25,000 shares of the firm’s 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 owns 159,619 shares of the company’s stock, valued at $18,544,535.42. This trade represents a 13.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 4.57% of the company’s stock.

Analysts Set New Price Targets

SF has been the subject of a number of research analyst reports. Wells Fargo & Company boosted their target price on shares of Stifel Financial from $128.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday. 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. Citigroup increased their price objective on Stifel Financial from $110.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. JMP Securities boosted their target price on Stifel Financial from $125.00 to $135.00 and gave the stock a “market outperform” rating in a research report on Thursday. Finally, TD Cowen raised their price target on Stifel Financial from $100.00 to $105.00 and gave the company a “hold” rating in a report on Thursday, October 24th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Stifel Financial has an average rating of “Hold” and a consensus target price of $117.33.

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.