Tributary Capital Management LLC Buys 126 Shares of Stifel Financial Corp. (NYSE:SF)

Tributary Capital Management LLC lifted its stake in shares of Stifel Financial Corp. (NYSE:SF) by 1.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,603 shares of the financial services provider’s stock after purchasing an additional 126 shares during the quarter. Tributary Capital Management LLC’s holdings in Stifel Financial were worth $1,183,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Versant Capital Management Inc grew its position in 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 worth $26,000 after buying an additional 291 shares in the last quarter. Fidelis Capital Partners LLC purchased a new position in shares of Stifel Financial in the 1st quarter worth about $32,000. Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of Stifel Financial in the 1st quarter worth about $33,000. Waldron Private Wealth LLC purchased a new position in shares of Stifel Financial in the 3rd quarter worth about $34,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Stifel Financial by 27.7% in 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 in the last quarter. 82.01% of the stock is currently owned by institutional investors.

Stifel Financial Trading Down 0.7 %

SF opened at $103.49 on Monday. The business has a 50 day simple moving average of $91.97 and a two-hundred day simple moving average of $85.04. The firm has a market capitalization of $10.61 billion, a price-to-earnings ratio of 18.71 and a beta of 1.09. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.80. Stifel Financial Corp. has a one year low of $55.01 and a one year high of $105.35.

Stifel Financial (NYSE:SF) last announced its earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($0.10). Stifel Financial had a return on equity of 15.11% and a net margin of 12.98%. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the company posted $0.60 EPS. The firm’s revenue was up 17.2% on a year-over-year basis. Analysts predict that Stifel Financial Corp. will post 6.44 EPS for the current year.

Stifel Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date was Tuesday, September 3rd. Stifel Financial’s dividend payout ratio (DPR) is presently 30.38%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on SF shares. The Goldman Sachs Group upped their price objective on Stifel Financial from $85.00 to $94.00 and gave the stock a “neutral” rating in a report on Thursday, September 26th. TD Cowen increased their target price on Stifel Financial from $100.00 to $105.00 and gave the company a “hold” rating in a report on Thursday. Wells Fargo & Company increased their target price on Stifel Financial from $108.00 to $113.00 and gave the company an “overweight” rating in a report on Thursday. Citigroup increased their target price on Stifel Financial from $90.00 to $102.00 and gave the company a “neutral” rating in a report on Friday, September 27th. Finally, JMP Securities increased their target price on Stifel Financial from $105.00 to $110.00 and gave the company a “market outperform” rating in a report on Wednesday, October 9th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $100.33.

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.