Stifel Financial Corp. (NYSE:SF) Shares Purchased by Stifel Financial Corp

Stifel Financial Corp boosted its holdings in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 1.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,279,267 shares of the financial services provider's stock after acquiring an additional 33,953 shares during the quarter. Stifel Financial Corp owned 2.23% of Stifel Financial worth $214,023,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several brokerages have weighed in on SF. JMP Securities upped their target price on Stifel Financial from $105.00 to $110.00 and gave the stock a "market outperform" rating in a report on Wednesday, October 9th. TD Cowen increased their target price on shares of Stifel Financial from $100.00 to $105.00 and gave the stock a "hold" rating in a report on Thursday, October 24th. StockNews.com cut shares of Stifel Financial from a "buy" rating to a "hold" rating in a research report on Thursday, October 3rd. The Goldman Sachs Group lifted their price objective on shares of Stifel Financial from $85.00 to $94.00 and gave the company a "neutral" rating in a report on Thursday, September 26th. Finally, Wells Fargo & Company upped their target price on Stifel Financial from $113.00 to $130.00 and gave the stock an "overweight" rating in a report on Wednesday, November 13th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Stifel Financial has a consensus rating of "Hold" and a consensus target price of $103.17.

Insider Activity

In other Stifel Financial news, COO David D. Sliney sold 25,000 shares of the business'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 in the company, valued at approximately $18,544,535.42. The trade was a 13.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.57% of the company's stock.

Stifel Financial Stock Up 0.4 %

NYSE:SF traded up $0.47 during midday trading on Thursday, reaching $114.10. 462,846 shares of the stock traded hands, compared to its average volume of 568,330. The business has a 50-day moving average of $106.02 and a two-hundred day moving average of $91.43. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. Stifel Financial Corp. has a 12-month low of $62.88 and a 12-month high of $119.12. The stock has a market capitalization of $11.68 billion, a PE ratio of 20.54 and a beta of 1.08.

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

Stifel Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.42 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.68 annualized dividend and a dividend yield of 1.47%. Stifel Financial's dividend payout ratio (DPR) is currently 30.38%.

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.