Larson Financial Group LLC Raises Stock Position in Stifel Financial Corp. (NYSE:SF)

Larson Financial Group LLC raised its stake in Stifel Financial Corp. (NYSE:SF - Free Report) by 4,308.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,423 shares of the financial services provider's stock after purchasing an additional 5,300 shares during the quarter. Larson Financial Group LLC's holdings in Stifel Financial were worth $509,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. CIBC Asset Management Inc boosted its holdings in Stifel Financial by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 3,019 shares of the financial services provider's stock valued at $283,000 after purchasing an additional 102 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Stifel Financial by 27.7% in the third quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider's stock valued at $47,000 after buying an additional 109 shares in the last quarter. Tributary Capital Management LLC grew its holdings in Stifel Financial by 1.0% during the third quarter. Tributary Capital Management LLC now owns 12,603 shares of the financial services provider's stock worth $1,183,000 after acquiring an additional 126 shares during the period. CWM LLC raised its position in Stifel Financial by 3.8% in the third quarter. CWM LLC now owns 3,940 shares of the financial services provider's stock worth $370,000 after acquiring an additional 145 shares in the last quarter. Finally, OneDigital Investment Advisors LLC lifted its holdings in Stifel Financial by 3.5% in the third quarter. OneDigital Investment Advisors LLC now owns 4,954 shares of the financial services provider's stock valued at $465,000 after acquiring an additional 166 shares during the period. Hedge funds and other institutional investors own 82.01% of the company's stock.

Analyst Ratings Changes

SF has been the subject of a number of research analyst reports. Citigroup increased their price target on shares of Stifel Financial from $90.00 to $102.00 and gave the company a "neutral" rating in a report on Friday, September 27th. JMP Securities increased their target price on shares of Stifel Financial from $105.00 to $110.00 and gave the company a "market outperform" rating in a report on Wednesday, October 9th. StockNews.com lowered Stifel Financial from a "buy" rating to a "hold" rating in a research note on Thursday, October 3rd. Wells Fargo & Company boosted their target price on Stifel Financial from $113.00 to $130.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 13th. 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 research report 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, the company presently has an average rating of "Hold" and an average target price of $103.17.

Insider Buying and Selling 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 value 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. This trade represents a 13.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.57% of the stock is owned by company insiders.

Stifel Financial Price Performance

SF stock traded down $1.05 during trading on Tuesday, hitting $116.67. The stock had a trading volume of 525,715 shares, compared to its average volume of 571,932. The stock has a market cap of $11.94 billion, a price-to-earnings ratio of 20.99 and a beta of 1.08. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. The company's 50 day moving average price is $102.74 and its two-hundred day moving average price is $89.91. Stifel Financial Corp. has a 1-year low of $60.17 and a 1-year high of $119.12.

Stifel Financial (NYSE:SF - Get Free Report) last released its earnings results 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 business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.20 billion. Stifel Financial had a net margin of 12.98% and a return on equity of 14.92%. The business's revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 earnings per share. On average, sell-side analysts forecast that Stifel Financial Corp. will post 6.44 EPS for the current fiscal year.

Stifel Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Monday, December 2nd. Stifel Financial's dividend payout ratio is currently 30.38%.

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.