Stifel Financial Corp. (NYSE:SF) Shares Acquired by Tributary Capital Management LLC

Tributary Capital Management LLC increased its holdings in Stifel Financial Corp. (NYSE:SF) by 46.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,479 shares of the financial services provider’s stock after acquiring an additional 5,876 shares during the quarter. Tributary Capital Management LLC’s holdings in Stifel Financial were worth $1,960,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. FMR LLC raised its holdings 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 buying an additional 1,256,595 shares during the last quarter. Wellington Management Group LLP lifted 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 period. Icon Wealth Advisors LLC acquired a new position in shares of Stifel Financial in the third quarter valued at approximately $12,290,000. Fisher Asset Management LLC increased its holdings in shares of Stifel Financial by 4.7% in the third quarter. Fisher Asset Management LLC now owns 1,464,421 shares of the financial services provider’s stock valued at $137,509,000 after purchasing an additional 65,113 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in shares of Stifel Financial by 316.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 69,761 shares of the financial services provider’s stock worth $7,400,000 after purchasing an additional 52,991 shares during the last quarter. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Insiders Place Their Bets

In related news, COO David D. Sliney sold 25,000 shares of Stifel Financial 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 in the company, valued at approximately $18,544,535.42. This trade represents a 13.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.57% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. TD Cowen boosted 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. JMP Securities increased their price target on shares of Stifel Financial from $105.00 to $110.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 9th. StockNews.com lowered Stifel Financial from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. Wells Fargo & Company cut their target price on Stifel Financial from $130.00 to $128.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Finally, Citigroup raised their price target on Stifel Financial from $110.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, January 10th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Stifel Financial has an average rating of “Hold” and a consensus price target of $107.14.

Stifel Financial Stock Performance

NYSE SF opened at $114.21 on Friday. The business has a 50 day moving average price of $110.69 and a 200 day moving average price of $98.67. 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 company has a market capitalization of $11.69 billion, a P/E ratio of 20.65 and a beta of 1.11. Stifel Financial Corp. has a 1-year low of $71.36 and a 1-year high of $119.12.

Stifel Financial (NYSE:SF) last announced its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share 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 firm 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 business earned $0.60 EPS. The company’s quarterly revenue was up 17.2% compared to the same quarter last year. Sell-side analysts expect that Stifel Financial Corp. will post 6.54 EPS for the current fiscal year.

Stifel Financial Announces Dividend

The firm also recently announced 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. This represents a $1.68 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend was Monday, December 2nd. Stifel Financial’s payout ratio is currently 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.