Stifel Financial Corp. (NYSE:SF) Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. grew its stake in shares of Stifel Financial Corp. (NYSE:SF) by 2.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 19,985 shares of the financial services provider’s stock after buying an additional 507 shares during the quarter. Pacer Advisors Inc.’s holdings in Stifel Financial were worth $2,120,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. CIBC Asset Management Inc grew its position in Stifel Financial by 3.5% during the third quarter. CIBC Asset Management Inc now owns 3,019 shares of the financial services provider’s stock valued at $283,000 after acquiring an additional 102 shares during the period. GAMMA Investing LLC grew its holdings in shares of Stifel Financial by 27.7% during the 3rd quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 109 shares during the period. Tributary Capital Management LLC increased its position in Stifel Financial by 1.0% during the 3rd quarter. Tributary Capital Management LLC now owns 12,603 shares of the financial services provider’s stock worth $1,183,000 after purchasing an additional 126 shares in the last quarter. CWM LLC raised its holdings in Stifel Financial by 3.8% in the third quarter. CWM LLC now owns 3,940 shares of the financial services provider’s stock valued at $370,000 after buying an additional 145 shares during the period. Finally, Versant Capital Management Inc lifted its position in Stifel Financial by 46.5% during the fourth quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider’s stock valued at $48,000 after buying an additional 145 shares in the last quarter. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SF. Wells Fargo & Company raised their target price on shares of Stifel Financial from $128.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday. TD Cowen lifted their price objective on shares of Stifel Financial from $100.00 to $105.00 and gave the company a “hold” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. began coverage on shares of Stifel Financial in a report on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 price objective on the stock. JMP Securities raised their target price on Stifel Financial from $125.00 to $135.00 and gave the company a “market outperform” rating in a research note on Thursday. Finally, Citigroup boosted their price target on Stifel Financial from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $117.33.

Stifel Financial Trading Down 1.5 %

NYSE:SF opened at $115.81 on Friday. The company has a market cap of $11.85 billion, a PE ratio of 18.56 and a beta of 1.11. The business’s 50 day moving average is $110.84 and its two-hundred day moving average is $99.78. 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 52 week low of $71.36 and a 52 week high of $120.64.

Stifel Financial (NYSE:SF) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.27. Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. On average, analysts predict that Stifel Financial Corp. will post 7.87 EPS for the current year.

Stifel Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Monday, March 3rd. This is an increase from Stifel Financial’s previous quarterly dividend of $0.42. Stifel Financial’s dividend payout ratio is currently 26.92%.

Insider Buying and Selling

In related news, COO David D. Sliney sold 25,000 shares of the company’s stock in a transaction 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 transaction, the chief operating officer now directly owns 159,619 shares in the company, valued at $18,544,535.42. This represents a 13.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.57% of the stock is owned by company insiders.

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.