Oak Thistle LLC Increases Holdings in Stifel Financial Corporation (NYSE:SF)

Oak Thistle LLC raised its stake in Stifel Financial Corporation (NYSE:SF - Free Report) by 80.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,911 shares of the financial services provider's stock after buying an additional 3,080 shares during the period. Oak Thistle LLC's holdings in Stifel Financial were worth $651,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. NBC Securities Inc. acquired a new stake in Stifel Financial in the first quarter worth $26,000. Alpine Bank Wealth Management bought a new stake in shares of Stifel Financial during the 1st quarter worth $27,000. Bessemer Group Inc. boosted its holdings in Stifel Financial by 52.1% in the 4th quarter. Bessemer Group Inc. now owns 321 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 110 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in shares of Stifel Financial by 123.6% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the financial services provider's stock valued at $31,000 after buying an additional 183 shares in the last quarter. Finally, Allworth Financial LP increased its position in shares of Stifel Financial by 67.7% during the 1st quarter. Allworth Financial LP now owns 337 shares of the financial services provider's stock worth $29,000 after purchasing an additional 136 shares in the last quarter. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Stifel Financial Stock Performance

Stifel Financial stock traded up $1.65 during trading hours on Friday, hitting $112.67. 743,254 shares of the stock traded hands, compared to its average volume of 667,335. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.81 and a quick ratio of 0.77. The firm's 50 day moving average price is $101.21 and its 200-day moving average price is $99.74. The stock has a market capitalization of $11.57 billion, a price-to-earnings ratio of 21.54 and a beta of 1.09. Stifel Financial Corporation has a 1 year low of $73.27 and a 1 year high of $120.64.

Stifel Financial (NYSE:SF - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.49 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($1.15). The firm had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.32 billion. Stifel Financial had a net margin of 12.26% and a return on equity of 13.88%. The firm's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.49 EPS. As a group, equities analysts expect that Stifel Financial Corporation will post 8.26 EPS for the current fiscal year.

Stifel Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a $0.46 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.84 dividend on an annualized basis and a yield of 1.63%. Stifel Financial's payout ratio is 35.18%.

Insider Activity at Stifel Financial

In related news, Director Michael J. Zimmerman sold 10,000 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $96.69, for a total value of $966,900.00. Following the completion of the transaction, the director directly owned 45,833 shares in the company, valued at approximately $4,431,592.77. This represents a 17.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 3.28% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SF shares. Wall Street Zen upgraded shares of Stifel Financial from a "sell" rating to a "hold" rating in a report on Sunday, July 13th. TD Cowen cut their price objective on shares of Stifel Financial from $124.00 to $84.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. The Goldman Sachs Group lowered their target price on Stifel Financial from $121.00 to $105.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Citigroup increased their target price on shares of Stifel Financial from $94.00 to $115.00 and gave the company a "neutral" rating in a research report on Monday, July 7th. Finally, JPMorgan Chase & Co. cut their target price on Stifel Financial from $123.00 to $100.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $110.88.

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.