Vident Investment Advisory LLC Purchases 13,967 Shares of Stifel Financial Corp. (NYSE:SF)


Share on StockTwits

Vident Investment Advisory LLC lifted its position in shares of Stifel Financial Corp. (NYSE:SF) by 42.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,992 shares of the financial services provider’s stock after purchasing an additional 13,967 shares during the quarter. Vident Investment Advisory LLC’s holdings in Stifel Financial were worth $2,371,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in SF. BlackRock Inc. grew its holdings in shares of Stifel Financial by 55.3% during the 4th quarter. BlackRock Inc. now owns 11,877,776 shares of the financial services provider’s stock worth $599,353,000 after purchasing an additional 4,230,206 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of Stifel Financial by 49.0% during the 4th quarter. Alliancebernstein L.P. now owns 4,462,737 shares of the financial services provider’s stock worth $225,190,000 after purchasing an additional 1,467,834 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of Stifel Financial by 62.1% during the 4th quarter. Fisher Asset Management LLC now owns 1,979,070 shares of the financial services provider’s stock worth $99,864,000 after purchasing an additional 758,286 shares in the last quarter. GW&K Investment Management LLC grew its holdings in shares of Stifel Financial by 65.1% during the 4th quarter. GW&K Investment Management LLC now owns 1,158,626 shares of the financial services provider’s stock worth $58,464,000 after purchasing an additional 456,752 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Stifel Financial by 48.9% during the 4th quarter. Principal Financial Group Inc. now owns 1,140,011 shares of the financial services provider’s stock worth $57,523,000 after purchasing an additional 374,172 shares in the last quarter. 56.45% of the stock is currently owned by institutional investors.

SF has been the topic of several recent research reports. JMP Securities raised their target price on Stifel Financial from $56.00 to $60.00 in a research report on Friday, January 29th. Compass Point raised their target price on Stifel Financial from $43.33 to $54.67 in a research report on Friday, December 11th. Stifel Nicolaus restated a “sell” rating on shares of Stifel Financial in a research report on Friday. Wells Fargo & Company upgraded Stifel Financial from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $37.00 to $56.00 in a research report on Friday, January 15th. Finally, Wolfe Research downgraded Stifel Financial from a “peer perform” rating to an “underperform” rating in a research report on Tuesday, January 5th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Stifel Financial has a consensus rating of “Hold” and a consensus target price of $48.39.

In other news, CEO Ronald J. Kruszewski sold 35,742 shares of the business’s stock in a transaction on Wednesday, February 17th. The stock was sold at an average price of $58.21, for a total transaction of $2,080,541.82. Following the completion of the sale, the chief executive officer now owns 1,252,277 shares in the company, valued at $72,895,044.17. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Victor Nesi sold 7,500 shares of the business’s stock in a transaction on Monday, December 7th. The stock was sold at an average price of $74.02, for a total value of $555,150.00. Following the sale, the insider now owns 131,671 shares of the company’s stock, valued at approximately $9,746,287.42. The disclosure for this sale can be found here. In the last quarter, insiders sold 110,500 shares of company stock valued at $6,579,066. Corporate insiders own 3.71% of the company’s stock.

Shares of SF opened at $60.58 on Tuesday. The stock has a fifty day moving average price of $53.95 and a two-hundred day moving average price of $44.34. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.73 and a current ratio of 0.77. Stifel Financial Corp. has a 52-week low of $20.75 and a 52-week high of $61.12. The company has a market cap of $6.24 billion, a price-to-earnings ratio of 16.40 and a beta of 1.59.

Stifel Financial (NYSE:SF) last issued its quarterly earnings data on Thursday, January 28th. The financial services provider reported $1.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.36. Stifel Financial had a return on equity of 14.78% and a net margin of 12.26%. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $956.62 million. During the same quarter in the previous year, the company posted $1.88 EPS. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 15th. Shareholders of record on Monday, March 1st will be given a $0.15 dividend. This is an increase from Stifel Financial’s previous quarterly dividend of $0.11. The ex-dividend date is Friday, February 26th. This represents a $0.60 annualized dividend and a yield of 0.99%.

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, the United Kingdom, rest of Europe, and Canada. The company operates through Global Wealth Management, Institutional Group, and Other segments.

Featured Story: Diversification Important in Investing

Want to see what other hedge funds are holding SF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stifel Financial Corp. (NYSE:SF).

Institutional Ownership by Quarter for Stifel Financial (NYSE:SF)

Receive News & Ratings for Stifel Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stifel Financial and related companies with MarketBeat.com's FREE daily email newsletter.