Oppenheimer Asset Management Inc. Raises Holdings in Stifel Financial Corp. (NYSE:SF)

Oppenheimer Asset Management Inc. grew its holdings in Stifel Financial Corp. (NYSE:SF) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 73,337 shares of the financial services provider’s stock after purchasing an additional 514 shares during the period. Oppenheimer Asset Management Inc. owned approximately 0.07% of Stifel Financial worth $7,780,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of SF. V Square Quantitative Management LLC acquired a new stake in Stifel Financial in the 4th quarter valued at approximately $26,000. Versant Capital Management Inc grew its stake in shares of Stifel Financial by 46.5% in the fourth quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider’s stock valued at $48,000 after buying an additional 145 shares in the last quarter. Mather Group LLC. raised its holdings in shares of Stifel Financial by 14.6% in the 4th quarter. Mather Group LLC. now owns 707 shares of the financial services provider’s stock valued at $75,000 after buying an additional 90 shares during the period. GAMMA Investing LLC increased its stake in Stifel Financial by 78.9% during the fourth quarter. GAMMA Investing LLC now owns 900 shares of the financial services provider’s stock worth $95,000 after purchasing an additional 397 shares during the period. Finally, UMB Bank n.a. grew its holdings in shares of Stifel Financial by 24.1% in the fourth quarter. UMB Bank n.a. now owns 1,080 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 210 shares in the last quarter. Institutional investors and hedge funds own 82.01% of the company’s stock.

Stifel Financial Stock Performance

Shares of Stifel Financial stock opened at $106.10 on Friday. The firm has a market capitalization of $10.86 billion, a P/E ratio of 17.00 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 52 week low of $72.78 and a 52 week high of $120.64. The firm’s 50 day moving average is $109.70 and its two-hundred day moving average is $103.13.

Stifel Financial (NYSE:SF) last announced its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $2.23 EPS for the quarter, topping the consensus estimate of $1.96 by $0.27. Stifel Financial had a net margin of 14.00% and a return on equity of 16.59%. Research analysts forecast that Stifel Financial Corp. will post 8.26 EPS for the current fiscal year.

Stifel Financial Increases Dividend

The business 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 is Monday, March 3rd. This is a boost from Stifel Financial’s previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a yield of 1.73%. Stifel Financial’s dividend payout ratio (DPR) is 29.49%.

Analyst Upgrades and Downgrades

SF has been the topic of a number of research reports. StockNews.com upgraded shares of Stifel Financial from a “hold” rating to a “buy” rating in a report on Tuesday. UBS Group lifted their price objective on Stifel Financial from $116.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. JMP Securities boosted their price objective on Stifel Financial from $125.00 to $135.00 and gave the stock a “market outperform” rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. started coverage on shares of Stifel Financial in a report on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 target price on the stock. Finally, Wells Fargo & Company boosted their price target on shares of Stifel Financial from $128.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Stifel Financial presently has a consensus rating of “Hold” and an average price target of $117.71.

Stifel Financial 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.