2,821 Shares in Stifel Financial Corp. (NYSE:SF) Purchased by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC bought a new stake in Stifel Financial Corp. (NYSE:SF) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,821 shares of the financial services provider’s stock, valued at approximately $215,000.

Other large investors have also recently bought and sold shares of the company. Montag A & Associates Inc. boosted its stake in Stifel Financial by 336.2% during the fourth quarter. Montag A & Associates Inc. now owns 759 shares of the financial services provider’s stock valued at $52,000 after buying an additional 585 shares in the last quarter. Bruce G. Allen Investments LLC bought a new stake in shares of Stifel Financial in the 4th quarter worth approximately $53,000. Signaturefd LLC lifted its stake in Stifel Financial by 29.4% during the fourth quarter. Signaturefd LLC now owns 1,030 shares of the financial services provider’s stock valued at $71,000 after purchasing an additional 234 shares during the last quarter. Principal Securities Inc. bought a new stake in Stifel Financial during the fourth quarter worth approximately $99,000. Finally, International Assets Investment Management LLC acquired a new position in Stifel Financial in the fourth quarter worth approximately $139,000. Institutional investors and hedge funds own 82.01% of the company’s stock.

Insider Transactions at Stifel Financial

In other Stifel Financial news, Director David A. Peacock sold 13,000 shares of the stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $79.90, for a total transaction of $1,038,700.00. Following the transaction, the director now directly owns 18,646 shares of the company’s stock, valued at $1,489,815.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.57% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Citigroup raised their price objective on Stifel Financial from $74.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. StockNews.com lowered Stifel Financial from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 9th. TD Cowen boosted their price objective on Stifel Financial from $86.50 to $92.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. Finally, JMP Securities reiterated a “market outperform” rating and issued a $88.00 target price on shares of Stifel Financial in a report on Tuesday, April 9th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $84.50.

Stifel Financial Stock Down 1.4 %

Shares of Stifel Financial stock opened at $80.26 on Friday. Stifel Financial Corp. has a 1 year low of $54.81 and a 1 year high of $84.23. The company has a market cap of $8.22 billion, a P/E ratio of 18.24 and a beta of 1.12. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. The stock has a 50-day moving average price of $79.96 and a 200 day moving average price of $75.30.

Stifel Financial (NYSE:SF) last posted its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $1.49 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.13). The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Stifel Financial had a net margin of 11.34% and a return on equity of 12.40%. The company’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.40 earnings per share. As a group, analysts expect that Stifel Financial Corp. will post 7.04 EPS for the current fiscal year.

Stifel Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date was Monday, June 3rd. Stifel Financial’s dividend payout ratio (DPR) is presently 38.18%.

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.