Larson Financial Group LLC Boosts Stake in Stifel Financial Corp. (NYSE:SF)

Larson Financial Group LLC raised its holdings in shares of Stifel Financial Corp. (NYSE:SF) by 4,308.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,423 shares of the financial services provider’s stock after buying an additional 5,300 shares during the period. Larson Financial Group LLC’s holdings in Stifel Financial were worth $509,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of SF. Versant Capital Management Inc lifted its stake in shares of 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 acquiring an additional 291 shares during the last quarter. Waldron Private Wealth LLC purchased a new stake in Stifel Financial in the third quarter worth $34,000. GAMMA Investing LLC lifted 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 purchasing an additional 109 shares during the last quarter. Rothschild Investment LLC purchased a new stake in shares of Stifel Financial during the second quarter valued at $64,000. Finally, Bessemer Group Inc. grew its holdings in shares of Stifel Financial by 388.3% in the first quarter. Bessemer Group Inc. now owns 796 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 633 shares during the last quarter. Institutional investors own 82.01% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SF shares. Wells Fargo & Company boosted their price objective on shares of Stifel Financial from $113.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. TD Cowen boosted their price target on Stifel Financial from $100.00 to $105.00 and gave the company a “hold” rating in a report on Thursday, October 24th. JMP Securities raised their price objective on Stifel Financial from $105.00 to $110.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 9th. StockNews.com cut Stifel Financial from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. Finally, Citigroup raised their price target on Stifel Financial from $90.00 to $102.00 and gave the company a “neutral” rating in a research note on Friday, September 27th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Stifel Financial has a consensus rating of “Hold” and an average target price of $103.17.

Insider Transactions at Stifel Financial

In other news, COO David D. Sliney sold 25,000 shares of the company’s stock in a transaction dated 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 transaction, 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 4.57% of the company’s stock.

Stifel Financial Trading Up 1.3 %

Shares of NYSE SF opened at $117.72 on Tuesday. Stifel Financial Corp. has a 1-year low of $60.17 and a 1-year high of $119.12. The business has a fifty day moving average price of $102.16 and a 200 day moving average price of $89.66. The stock has a market capitalization of $12.05 billion, a P/E ratio of 21.29 and a beta of 1.08. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78.

Stifel Financial (NYSE:SF) last released its quarterly earnings results 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 firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Stifel Financial had a net margin of 12.98% and a return on equity of 14.92%. The business’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.60 earnings per share. Equities research analysts expect that Stifel Financial Corp. will post 6.44 EPS for the current fiscal year.

Stifel Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend is Monday, December 2nd. Stifel Financial’s payout ratio is presently 30.38%.

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.