DAVENPORT & Co LLC Makes New Investment in Stifel Financial Corp. (NYSE:SF)

DAVENPORT & Co LLC purchased a new stake in shares of Stifel Financial Corp. (NYSE:SF - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 31,334 shares of the financial services provider's stock, valued at approximately $3,324,000.

A number of other hedge funds also recently bought and sold shares of SF. FMR LLC boosted 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 valued at $747,107,000 after buying an additional 1,256,595 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Stifel Financial by 78.3% in the third quarter. Wellington Management Group LLP now owns 1,958,709 shares of the financial services provider's stock worth $183,923,000 after acquiring an additional 860,465 shares during the period. Icon Wealth Advisors LLC purchased a new position in shares of Stifel Financial during the third quarter valued at approximately $12,290,000. Fisher Asset Management LLC lifted its position in Stifel Financial by 4.7% during the third quarter. Fisher Asset Management LLC now owns 1,464,421 shares of the financial services provider's stock valued at $137,509,000 after purchasing an additional 65,113 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in Stifel Financial by 316.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 69,761 shares of the financial services provider's stock worth $7,400,000 after purchasing an additional 52,991 shares during the last quarter. Institutional investors own 82.01% of the company's stock.

Insider Activity at Stifel Financial

In related news, COO David D. Sliney sold 25,000 shares of the business's stock in a transaction on 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 transaction, the chief operating officer now directly owns 159,619 shares in the company, valued at $18,544,535.42. The trade was a 13.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.57% of the stock is owned by corporate insiders.

Stifel Financial Trading Down 0.8 %

Shares of NYSE SF traded down $0.96 during midday trading on Friday, hitting $113.44. The company's stock had a trading volume of 484,004 shares, compared to its average volume of 722,996. The business's 50 day moving average is $110.50 and its two-hundred day moving average is $100.82. The firm has a market cap of $11.61 billion, a P/E ratio of 18.18 and a beta of 1.11. 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 12-month low of $72.78 and a 12-month high of $120.64.

Stifel Financial (NYSE:SF - Get Free Report) last issued its earnings results on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share for the quarter, beating analysts' consensus estimates of $1.96 by $0.27. Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. As a group, equities research analysts expect that Stifel Financial Corp. will post 8.26 EPS for the current year.

Stifel Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a dividend of $0.46 per share. 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 dividend yield of 1.62%. The ex-dividend date is Monday, March 3rd. Stifel Financial's dividend payout ratio is 26.92%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SF. UBS Group increased their target price on Stifel Financial from $116.00 to $120.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. Wells Fargo & Company boosted their target price on shares of Stifel Financial from $128.00 to $135.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. JMP Securities increased their price target on shares of Stifel Financial from $125.00 to $135.00 and gave the stock a "market outperform" rating in a research report on Thursday, January 30th. Citigroup boosted their price objective on shares of Stifel Financial from $110.00 to $115.00 and gave the company a "neutral" rating in a research report on Friday, January 10th. Finally, JPMorgan Chase & Co. started coverage on Stifel Financial in a report on Tuesday, December 10th. They issued a "neutral" rating and a $120.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, Stifel Financial currently has an average rating of "Hold" and an average target price of $117.71.

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.