26,018 Shares in Stifel Financial Corp. (NYSE:SF) Bought by TT International Asset Management LTD

TT International Asset Management LTD bought a new position in shares of Stifel Financial Corp. (NYSE:SF - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 26,018 shares of the financial services provider's stock, valued at approximately $2,759,000. Stifel Financial makes up 0.4% of TT International Asset Management LTD's investment portfolio, making the stock its 29th biggest holding.

Other hedge funds have also recently bought and sold shares of the company. Victory Capital Management Inc. grew its holdings in shares of Stifel Financial by 19.0% during the second quarter. Victory Capital Management Inc. now owns 112,520 shares of the financial services provider's stock worth $9,469,000 after buying an additional 18,003 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Stifel Financial by 16.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 118,707 shares of the financial services provider's stock worth $9,989,000 after acquiring an additional 16,358 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Stifel Financial by 1.7% in the second quarter. Envestnet Asset Management Inc. now owns 514,413 shares of the financial services provider's stock valued at $43,288,000 after purchasing an additional 8,810 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Stifel Financial by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,007,738 shares of the financial services provider's stock worth $168,932,000 after purchasing an additional 7,113 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Stifel Financial during the second quarter worth $7,415,000. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Stifel Financial Stock Performance

Shares of SF stock traded up $0.99 during trading on Monday, reaching $104.98. 584,831 shares of the company's stock were exchanged, compared to its average volume of 619,367. The firm's fifty day moving average price is $110.82 and its 200-day moving average price is $96.82. Stifel Financial Corp. has a twelve month low of $68.09 and a twelve month high of $119.12. The stock has a market capitalization of $10.75 billion, a PE ratio of 18.98 and a beta of 1.11. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27.

Stifel Financial (NYSE:SF - Get Free Report) last released 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). The company 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%. Stifel Financial's revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.60 earnings per share. As a group, sell-side analysts anticipate that Stifel Financial Corp. will post 6.5 EPS for the current year.

Stifel Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a dividend of $0.42 per share. The ex-dividend date was Monday, December 2nd. This represents a $1.68 annualized dividend and a yield of 1.60%. Stifel Financial's dividend payout ratio (DPR) is presently 30.38%.

Insider Activity

In other Stifel Financial news, COO David D. Sliney sold 25,000 shares of Stifel Financial 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. The trade was a 13.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.57% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on SF shares. TD Cowen lifted their price target on shares of Stifel Financial from $100.00 to $105.00 and gave the company a "hold" rating in a research note on Thursday, October 24th. Citigroup upped their target price on Stifel Financial from $110.00 to $115.00 and gave the stock a "neutral" rating in a report on Friday. JPMorgan Chase & Co. assumed coverage on Stifel Financial in a research note on Tuesday, December 10th. They issued a "neutral" rating and a $120.00 price target for the company. StockNews.com cut Stifel Financial from a "buy" rating to a "hold" rating in a research note on Thursday, October 3rd. Finally, Wells Fargo & Company increased their price objective on Stifel Financial from $113.00 to $130.00 and gave the company an "overweight" rating in a report on Wednesday, November 13th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $107.43.

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.