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

GAMMA Investing LLC grew its position in shares of Stifel Financial Corp. (NYSE:SF) by 78.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 900 shares of the financial services provider’s stock after purchasing an additional 397 shares during the quarter. GAMMA Investing LLC’s holdings in Stifel Financial were worth $95,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. FMR LLC grew its position in Stifel Financial by 18.8% during the 3rd quarter. FMR LLC now owns 7,956,412 shares of the financial services provider’s stock worth $747,107,000 after acquiring an additional 1,256,595 shares during the last quarter. Wellington Management Group LLP grew its position in Stifel Financial by 78.3% during the 3rd quarter. Wellington Management Group LLP now owns 1,958,709 shares of the financial services provider’s stock worth $183,923,000 after acquiring an additional 860,465 shares during the last quarter. Icon Wealth Advisors LLC bought a new position in Stifel Financial during the 3rd quarter worth approximately $12,290,000. Renaissance Technologies LLC bought a new stake in shares of Stifel Financial in the 2nd quarter worth approximately $7,415,000. Finally, Fisher Asset Management LLC grew its position in shares of Stifel Financial by 4.7% in the 3rd quarter. Fisher Asset Management LLC now owns 1,464,421 shares of the financial services provider’s stock worth $137,509,000 after buying an additional 65,113 shares during the last quarter. 82.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Stifel Financial news, COO David D. Sliney sold 25,000 shares of the business’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 sale, the chief operating officer now owns 159,619 shares of the company’s stock, valued at approximately $18,544,535.42. The trade was a 13.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 4.57% of the stock is currently owned by corporate insiders.

Stifel Financial Stock Down 4.0 %

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 business has a fifty day moving average price of $110.80 and a 200-day moving average price of $96.43. 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 has a market capitalization of $10.66 billion, a P/E ratio of 18.83 and a beta of 1.11.

Stifel Financial (NYSE:SF) last posted its quarterly 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). Stifel Financial had a return on equity of 14.92% and a net margin of 12.98%. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the firm earned $0.60 EPS. The firm’s revenue for the quarter was up 17.2% compared to the same quarter last year. Equities analysts forecast that Stifel Financial Corp. will post 6.5 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.61%. The ex-dividend date was Monday, December 2nd. Stifel Financial’s payout ratio is currently 30.38%.

Analyst Ratings Changes

SF has been the topic of a number of recent analyst reports. The Goldman Sachs Group lifted their price objective on Stifel Financial from $85.00 to $94.00 and gave the stock a “neutral” rating in a research report on Thursday, September 26th. Wells Fargo & Company raised their target price on Stifel Financial from $113.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. JMP Securities raised 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. TD Cowen lifted their price objective on Stifel Financial from $100.00 to $105.00 and gave the company a “hold” rating in a research note on Thursday, October 24th. Finally, StockNews.com cut Stifel Financial from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Stifel Financial has a consensus rating of “Hold” and a consensus target price of $107.43.

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.