Kraft Davis & Associates LLC Acquires New Position in Stifel Financial Corp. (NYSE:SF)

Kraft Davis & Associates LLC purchased a new stake in shares of Stifel Financial Corp. (NYSE:SF) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,198 shares of the financial services provider’s stock, valued at approximately $228,000.

Other large investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its holdings in shares of Stifel Financial by 1,818.8% during the second quarter. Versant Capital Management Inc now owns 307 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 291 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of Stifel Financial in the first quarter valued at approximately $33,000. Waldron Private Wealth LLC bought a new stake in shares of Stifel Financial during the third quarter valued at approximately $34,000. GAMMA Investing LLC boosted 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 buying an additional 109 shares during the period. Finally, Bessemer Group Inc. boosted its position in Stifel Financial by 388.3% during the 1st quarter. Bessemer Group Inc. now owns 796 shares of the financial services provider’s stock worth $62,000 after acquiring an additional 633 shares during the period. 82.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SF has been the topic of several research analyst reports. The Goldman Sachs Group lifted their price target on Stifel Financial from $85.00 to $94.00 and gave the company a “neutral” rating in a research report on Thursday, September 26th. JMP Securities lifted their target price on Stifel Financial from $105.00 to $110.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 9th. Citigroup boosted 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. StockNews.com downgraded shares of Stifel Financial from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. Finally, Wells Fargo & Company increased their price target on shares of Stifel Financial from $113.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Stifel Financial currently has a consensus rating of “Hold” and a consensus target price of $103.17.

Stifel Financial Trading Down 1.0 %

SF stock opened at $113.20 on Wednesday. The business has a fifty day moving average of $100.33 and a 200-day moving average of $88.99. The company has a market cap of $11.59 billion, a P/E ratio of 20.47 and a beta of 1.08. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. Stifel Financial Corp. has a twelve month low of $60.17 and a twelve month high of $118.12.

Stifel Financial (NYSE:SF) last posted its earnings results 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 return on equity of 14.92% and a net margin of 12.98%. The company’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter last year, the business posted $0.60 earnings per share. As a group, equities research analysts expect that Stifel Financial Corp. will post 6.44 EPS for the current year.

Stifel Financial Dividend Announcement

The business also recently declared 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. This represents a $1.68 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Monday, December 2nd. Stifel Financial’s dividend payout ratio (DPR) is presently 30.38%.

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 stock was sold at an average price of $116.18, for a total transaction of $2,904,500.00. Following the completion of the transaction, the chief operating officer now directly owns 159,619 shares of the company’s stock, valued at $18,544,535.42. This represents a 13.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.57% of the stock is owned by insiders.

About Stifel Financial

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.