GAMMA Investing LLC Buys 397 Shares of Stifel Financial Corp. (NYSE:SF)

GAMMA Investing LLC raised its stake in shares of Stifel Financial Corp. (NYSE:SF) by 78.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 900 shares of the financial services provider’s stock after purchasing an additional 397 shares during the period. GAMMA Investing LLC’s holdings in Stifel Financial were worth $95,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. FMR LLC lifted its position in shares of Stifel Financial by 18.8% in the third quarter. FMR LLC now owns 7,956,412 shares of the financial services provider’s stock valued at $747,107,000 after acquiring an additional 1,256,595 shares in the last quarter. State Street Corp lifted its position in shares of Stifel Financial by 1.0% in the third quarter. State Street Corp now owns 3,122,342 shares of the financial services provider’s stock valued at $293,188,000 after acquiring an additional 31,101 shares in the last quarter. Earnest Partners LLC lifted its position in shares of Stifel Financial by 0.8% in the second quarter. Earnest Partners LLC now owns 2,954,099 shares of the financial services provider’s stock valued at $248,587,000 after acquiring an additional 22,040 shares in the last quarter. Stifel Financial Corp lifted its position in shares of Stifel Financial by 1.5% in the third quarter. Stifel Financial Corp now owns 2,279,267 shares of the financial services provider’s stock valued at $214,023,000 after acquiring an additional 33,953 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Stifel Financial by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,007,738 shares of the financial services provider’s stock valued at $168,932,000 after acquiring an additional 7,113 shares in the last quarter. Institutional investors own 82.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on SF shares. JPMorgan Chase & Co. started coverage on Stifel Financial in a research report on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 target price on the stock. JMP Securities boosted their target price on Stifel Financial from $105.00 to $110.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 9th. Citigroup boosted their target price on Stifel Financial from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday. Wells Fargo & Company boosted their target price on Stifel Financial from $113.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Finally, TD Cowen boosted their target price on Stifel Financial from $100.00 to $105.00 and gave the stock a “hold” rating in a research report on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $107.43.

Insider Buying and Selling 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 transaction, the chief operating officer now owns 159,619 shares of the company’s stock, valued at approximately $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 SEC, which can be accessed through this link. Company insiders own 4.57% of the company’s stock.

Stifel Financial Trading Down 4.0 %

Shares of SF stock opened at $104.14 on Friday. Stifel Financial Corp. has a 1 year low of $68.09 and a 1 year high of $119.12. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78. The stock’s 50 day simple moving average is $110.80 and its two-hundred day simple moving average is $96.43. The company has a market cap of $10.66 billion, a PE ratio of 18.83 and a beta of 1.11.

Stifel Financial (NYSE:SF) last issued its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.10). Stifel Financial had a net margin of 12.98% and a return on equity of 14.92%. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter last year, the company earned $0.60 earnings per share. The company’s revenue for the quarter was up 17.2% on a year-over-year basis. Research analysts predict that Stifel Financial Corp. will post 6.5 earnings per share for the current year.

Stifel Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.68 dividend on an annualized basis and a yield of 1.61%. Stifel Financial’s dividend payout ratio (DPR) is presently 30.38%.

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.