Stifel Financial Corp. (NYSE:SF) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lessened its stake in shares of Stifel Financial Corp. (NYSE:SF) by 38.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 72,823 shares of the financial services provider’s stock after selling 45,884 shares during the period. Oppenheimer Asset Management Inc. owned 0.07% of Stifel Financial worth $6,838,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in SF. SG Americas Securities LLC purchased a new position in Stifel Financial during the second quarter worth about $1,543,000. Blue Trust Inc. grew its stake in shares of Stifel Financial by 268.6% in the second quarter. Blue Trust Inc. now owns 8,798 shares of the financial services provider’s stock worth $688,000 after acquiring an additional 6,411 shares in the last quarter. Capital CS Group LLC purchased a new stake in shares of Stifel Financial during the second quarter worth $614,000. Harbor Capital Advisors Inc. boosted its holdings in Stifel Financial by 270.1% in the second quarter. Harbor Capital Advisors Inc. now owns 26,433 shares of the financial services provider’s stock valued at $2,224,000 after purchasing an additional 19,291 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its stake in shares of Stifel Financial by 5.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 134,977 shares of the financial services provider’s stock valued at $10,551,000 after buying an additional 6,702 shares during the period. Institutional investors and hedge funds own 82.01% of the company’s stock.

Stifel Financial Stock Up 0.3 %

Stifel Financial stock opened at $115.57 on Friday. The stock has a 50-day simple moving average of $98.52 and a 200-day simple moving average of $88.18. The company has a market capitalization of $11.83 billion, a P/E ratio of 20.90 and a beta of 1.08. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. Stifel Financial Corp. has a fifty-two week low of $60.17 and a fifty-two week high of $118.12.

Stifel Financial (NYSE:SF) last posted its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share for the quarter, missing the consensus estimate of $1.60 by ($0.10). The firm 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 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 earnings per share for the current year.

Stifel Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.42 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.45%. Stifel Financial’s payout ratio is 30.38%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on SF shares. JMP Securities raised their target price on shares of Stifel Financial from $105.00 to $110.00 and gave the company a “market outperform” rating in a report on Wednesday, October 9th. Wolfe Research cut shares of Stifel Financial from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 22nd. Citigroup increased their target price on Stifel Financial from $90.00 to $102.00 and gave the company a “neutral” rating in a report on Friday, September 27th. TD Cowen lifted their price target on Stifel Financial from $100.00 to $105.00 and gave the stock a “hold” rating in a report on Thursday, October 24th. 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. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Stifel Financial currently has a consensus rating of “Hold” and a consensus price target 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 that occurred on Tuesday, November 12th. The stock was sold at an average price of $116.18, for a total transaction 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. This represents a 13.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 4.57% of the company’s stock.

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.