Trust Point Inc. Acquires 8,296 Shares of Stifel Financial Corp. (NYSE:SF)

Trust Point Inc. grew its stake in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 353.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,644 shares of the financial services provider's stock after acquiring an additional 8,296 shares during the quarter. Trust Point Inc.'s holdings in Stifel Financial were worth $1,129,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Waldron Private Wealth LLC purchased a new position in shares of Stifel Financial in the third quarter worth $34,000. Versant Capital Management Inc raised its position in 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. GAMMA Investing LLC lifted its stake in Stifel Financial by 27.7% during the 3rd quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider's stock valued at $47,000 after acquiring an additional 109 shares during the period. UMB Bank n.a. boosted its holdings in shares of Stifel Financial by 36.6% during the 3rd quarter. UMB Bank n.a. now owns 870 shares of the financial services provider's stock valued at $82,000 after acquiring an additional 233 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Stifel Financial during the 4th quarter valued at about $126,000. Hedge funds and other institutional investors own 82.01% of the company's stock.

Stifel Financial Stock Performance

NYSE:SF traded down $0.96 during mid-day trading on Friday, hitting $113.44. 484,004 shares of the company traded hands, compared to its average volume of 716,372. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. The stock's fifty day moving average price is $110.55 and its 200-day moving average price is $100.60. The firm has a market cap of $11.61 billion, a price-to-earnings ratio of 18.18 and a beta of 1.11. Stifel Financial Corp. has a one year low of $72.78 and a one year high of $120.64.

Stifel Financial (NYSE:SF - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share (EPS) 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%. Research analysts anticipate that Stifel Financial Corp. will post 7.91 earnings per share for the current fiscal year.

Stifel Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.62%. This is an increase from Stifel Financial's previous quarterly dividend of $0.42. The ex-dividend date is Monday, March 3rd. Stifel Financial's dividend payout ratio (DPR) is presently 26.92%.

Wall Street Analysts Forecast Growth

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

Insider Activity at Stifel Financial

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

Stifel Financial 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.