Park Avenue Securities LLC Buys 4,413 Shares of Stifel Financial Corp. (NYSE:SF)

Park Avenue Securities LLC grew its stake in Stifel Financial Corp. (NYSE:SF) by 31.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,584 shares of the financial services provider’s stock after purchasing an additional 4,413 shares during the period. Park Avenue Securities LLC’s holdings in Stifel Financial were worth $1,971,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Waldron Private Wealth LLC bought a new stake in shares of Stifel Financial in the 3rd quarter valued at approximately $34,000. GAMMA Investing LLC grew its stake in shares of Stifel Financial by 27.7% in the 3rd quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 109 shares during the period. Versant Capital Management Inc grew its stake in shares of Stifel Financial by 46.5% in the 4th quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 145 shares during the period. UMB Bank n.a. grew its stake in shares of Stifel Financial by 36.6% in the 3rd quarter. UMB Bank n.a. now owns 870 shares of the financial services provider’s stock valued at $82,000 after purchasing an additional 233 shares during the period. Finally, Farther Finance Advisors LLC grew its position in Stifel Financial by 148.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,201 shares of the financial services provider’s stock worth $113,000 after acquiring an additional 717 shares during the last quarter. 82.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on SF. Wells Fargo & Company decreased their price target on Stifel Financial from $130.00 to $128.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Citigroup increased their price target on Stifel Financial from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. TD Cowen increased their price target on Stifel Financial from $100.00 to $105.00 and gave the stock a “hold” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. began coverage on Stifel Financial in a research report on Tuesday, December 10th. They set a “neutral” rating and a $120.00 price target on the stock. Finally, The Goldman Sachs Group increased their price target on Stifel Financial from $85.00 to $94.00 and gave the stock a “neutral” rating in a research report on Thursday, September 26th. Seven research 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 stock currently has an average rating of “Hold” and a consensus target price of $107.14.

Insider Activity

In other news, COO David D. Sliney sold 25,000 shares of the stock in a transaction on Tuesday, November 12th. The stock was 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 $18,544,535.42. This represents a 13.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.57% of the stock is currently owned by company insiders.

Stifel Financial Stock Up 1.8 %

NYSE:SF opened at $113.87 on Friday. The stock’s fifty day moving average price is $110.78 and its two-hundred day moving average price is $97.65. Stifel Financial Corp. has a 52-week low of $68.40 and a 52-week high of $119.12. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. The company has a market cap of $11.65 billion, a price-to-earnings ratio of 20.59 and a beta of 1.11.

Stifel Financial (NYSE:SF) last posted its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share (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 analyst estimates of $1.20 billion. Stifel Financial had a return on equity of 14.92% and a net margin of 12.98%. The firm’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.60 EPS. On average, analysts anticipate that Stifel Financial Corp. will post 6.53 EPS for the current year.

Stifel Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date was Monday, December 2nd. Stifel Financial’s dividend payout ratio (DPR) is currently 30.38%.

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.