Larson Financial Group LLC Buys 5,300 Shares of Stifel Financial Corp. (NYSE:SF)

Larson Financial Group LLC boosted its stake in shares of Stifel Financial Corp. (NYSE:SF) by 4,308.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,423 shares of the financial services provider’s stock after purchasing an additional 5,300 shares during the period. Larson Financial Group LLC’s holdings in Stifel Financial were worth $509,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its position in shares of Stifel Financial by 1,818.8% during the 2nd quarter. Versant Capital Management Inc now owns 307 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 291 shares during the last quarter. Waldron Private Wealth LLC purchased a new stake in Stifel Financial during the third quarter valued at approximately $34,000. GAMMA Investing LLC raised its position in Stifel Financial by 27.7% in the third quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 109 shares during the period. Rothschild Investment LLC purchased a new position in shares of Stifel Financial during the 2nd quarter worth $64,000. Finally, Bessemer Group Inc. grew its position in shares of Stifel Financial by 388.3% during the 1st quarter. Bessemer Group Inc. now owns 796 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 633 shares during the period. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Stifel Financial Trading Up 1.3 %

Stifel Financial stock opened at $117.72 on Tuesday. 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 firm’s 50 day moving average price is $102.16 and its 200-day moving average price is $89.66. Stifel Financial Corp. has a 1 year low of $60.17 and a 1 year high of $119.12. The stock has a market cap of $12.05 billion, a P/E ratio of 21.29 and a beta of 1.08.

Stifel Financial (NYSE:SF) last announced its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 EPS for the quarter, missing the consensus estimate of $1.60 by ($0.10). The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Stifel Financial had a return on equity of 14.92% and a net margin of 12.98%. The firm’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.60 EPS. On average, equities analysts predict that Stifel Financial Corp. will post 6.44 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Monday, December 2nd. Stifel Financial’s payout ratio is 30.38%.

Insider Activity

In other news, COO David D. Sliney sold 25,000 shares of the business’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. The trade was a 13.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 4.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. The Goldman Sachs Group raised their target price on Stifel Financial from $85.00 to $94.00 and gave the stock a “neutral” rating in a report on Thursday, September 26th. JMP Securities raised their price objective on Stifel Financial from $105.00 to $110.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 9th. TD Cowen boosted 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. Wells Fargo & Company raised their target price on shares of Stifel Financial from $113.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Finally, StockNews.com lowered shares of Stifel Financial from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $103.17.

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.