Oppenheimer Asset Management Inc. Sells 45,884 Shares of Stifel Financial Corp. (NYSE:SF)

Oppenheimer Asset Management Inc. decreased its stake in Stifel Financial Corp. (NYSE:SF - Free Report) by 38.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,823 shares of the financial services provider's stock after selling 45,884 shares during the period. Oppenheimer Asset Management Inc. owned about 0.07% of Stifel Financial worth $6,838,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Versant Capital Management Inc boosted its position in Stifel Financial by 1,818.8% during the 2nd quarter. Versant Capital Management Inc now owns 307 shares of the financial services provider's stock worth $26,000 after buying an additional 291 shares during the period. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Stifel Financial in the first quarter worth $33,000. Waldron Private Wealth LLC acquired a new stake in Stifel Financial in the third quarter valued at $34,000. GAMMA Investing LLC raised its position in Stifel Financial by 27.7% during 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 last quarter. Finally, Bessemer Group Inc. lifted its holdings in Stifel Financial by 388.3% during the 1st quarter. Bessemer Group Inc. now owns 796 shares of the financial services provider's stock worth $62,000 after buying an additional 633 shares during the period. Institutional investors own 82.01% of the company's stock.

Insider Activity

In other news, COO David D. Sliney sold 25,000 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $116.18, for a total value of $2,904,500.00. Following the completion of the sale, the chief operating officer now owns 159,619 shares in the company, valued at $18,544,535.42. This represents a 13.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 4.57% of the company's stock.

Stifel Financial Stock Down 0.4 %

Shares of SF stock traded down $0.51 on Friday, reaching $115.06. 244,113 shares of the company were exchanged, compared to its average volume of 567,545. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78. The company has a 50-day moving average of $98.52 and a 200-day moving average of $88.18. The company has a market cap of $11.78 billion, a price-to-earnings ratio of 20.90 and a beta of 1.08. Stifel Financial Corp. has a one year low of $60.17 and a one year high of $118.12.

Stifel Financial (NYSE:SF - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $1.50 EPS for the quarter, missing analysts' consensus estimates of $1.60 by ($0.10). Stifel Financial had a net margin of 12.98% and a return on equity of 14.92%. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the business posted $0.60 EPS. The company's revenue was up 17.2% on a year-over-year basis. Analysts anticipate that Stifel Financial Corp. will post 6.44 earnings per share for the current year.

Stifel Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Monday, December 2nd. Stifel Financial's dividend payout ratio (DPR) is 30.38%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. TD Cowen raised their price objective on Stifel Financial from $100.00 to $105.00 and gave the stock a "hold" rating in a research report on Thursday, October 24th. JMP Securities boosted their price target on shares of Stifel Financial from $105.00 to $110.00 and gave the stock a "market outperform" rating in a research report on Wednesday, October 9th. Wolfe Research cut shares of Stifel Financial from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 22nd. Citigroup boosted their target price 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. Finally, Wells Fargo & Company lifted their price objective on Stifel Financial from $113.00 to $130.00 and gave the stock an "overweight" rating in a research report on Wednesday. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $103.17.

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.