Oak Thistle LLC Purchases Shares of 3,831 Stifel Financial Corp. (NYSE:SF)

Oak Thistle LLC bought a new position in Stifel Financial Corp. (NYSE:SF - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 3,831 shares of the financial services provider's stock, valued at approximately $406,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. CIBC Asset Management Inc raised its holdings in shares of Stifel Financial by 3.5% during the third 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 during the last quarter. GAMMA Investing LLC grew its position in Stifel Financial by 27.7% in the 3rd quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider's stock worth $47,000 after purchasing an additional 109 shares during the period. Tributary Capital Management LLC raised its stake in Stifel Financial by 1.0% during the 3rd quarter. Tributary Capital Management LLC now owns 12,603 shares of the financial services provider's stock valued at $1,183,000 after buying an additional 126 shares during the last quarter. CWM LLC lifted its holdings in shares of Stifel Financial by 3.8% during the 3rd quarter. CWM LLC now owns 3,940 shares of the financial services provider's stock valued at $370,000 after buying an additional 145 shares during the period. Finally, Versant Capital Management Inc boosted its stake in shares of Stifel Financial by 46.5% in the 4th quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider's stock worth $48,000 after buying an additional 145 shares during the last quarter. Institutional investors own 82.01% of the company's stock.

Insider Buying and Selling

In related news, COO David D. Sliney sold 25,000 shares of the firm's stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $116.18, for a total transaction of $2,904,500.00. Following the completion of the transaction, the chief operating officer now directly owns 159,619 shares of the company's stock, valued at approximately $18,544,535.42. This trade represents a 13.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 4.57% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on SF shares. JMP Securities upped their price objective on Stifel Financial from $105.00 to $110.00 and gave the company a "market outperform" rating in a research report on Wednesday, October 9th. Citigroup upped their price target 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. The Goldman Sachs Group raised their price objective on shares of Stifel Financial from $85.00 to $94.00 and gave the stock a "neutral" rating in a report on Thursday, September 26th. Wells Fargo & Company reduced their target price on shares of Stifel Financial from $130.00 to $128.00 and set an "overweight" rating for the company in a report on Tuesday. Finally, JPMorgan Chase & Co. assumed coverage on shares of Stifel Financial in a research note on Tuesday, December 10th. They set a "neutral" rating and a $120.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $107.14.

Stifel Financial Price Performance

Shares of SF traded up $2.03 during mid-day trading on Friday, reaching $113.87. The stock had a trading volume of 746,515 shares, compared to its average volume of 755,392. The business has a fifty day moving average of $110.81 and a 200 day moving average of $97.35. 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 firm has a market cap of $11.65 billion, a price-to-earnings ratio of 20.59 and a beta of 1.11. Stifel Financial Corp. has a 12 month low of $68.40 and a 12 month high of $119.12.

Stifel Financial (NYSE:SF - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.60 by ($0.10). The business 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 company's quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.60 EPS. Equities analysts predict that Stifel Financial Corp. will post 6.53 EPS for the current year.

Stifel Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend was Monday, December 2nd. Stifel Financial's dividend payout ratio (DPR) is presently 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.