TT International Asset Management LTD Buys New Position in Stifel Financial Corp. (NYSE:SF)

TT International Asset Management LTD bought a new stake in shares of Stifel Financial Corp. (NYSE:SFFree Report) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 26,018 shares of the financial services provider’s stock, valued at approximately $2,759,000. Stifel Financial accounts for 0.4% of TT International Asset Management LTD’s holdings, making the stock its 29th biggest position.

Several other hedge funds have also modified their holdings of SF. Victory Capital Management Inc. grew its stake in Stifel Financial by 19.0% during the 2nd quarter. Victory Capital Management Inc. now owns 112,520 shares of the financial services provider’s stock valued at $9,469,000 after purchasing an additional 18,003 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in Stifel Financial by 16.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 118,707 shares of the financial services provider’s stock valued at $9,989,000 after purchasing an additional 16,358 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Stifel Financial by 1.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 514,413 shares of the financial services provider’s stock valued at $43,288,000 after purchasing an additional 8,810 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Stifel Financial by 0.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,007,738 shares of the financial services provider’s stock valued at $168,932,000 after purchasing an additional 7,113 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Stifel Financial in the 2nd quarter worth approximately $7,415,000. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

Stifel Financial Price Performance

Shares of SF opened at $104.14 on Monday. The company has a market cap of $10.66 billion, a P/E ratio of 18.83 and a beta of 1.11. The stock has a fifty day moving average price of $110.82 and a 200 day moving average price of $96.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78. Stifel Financial Corp. has a 12 month low of $68.09 and a 12 month high of $119.12.

Stifel Financial (NYSE:SFGet Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.10). Stifel Financial had a return on equity of 14.92% and a net margin of 12.98%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the firm posted $0.60 EPS. The company’s revenue was up 17.2% compared to the same quarter last year. On average, research analysts forecast that Stifel Financial Corp. will post 6.5 earnings per share for the current year.

Stifel Financial Dividend Announcement

The firm also recently declared 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. The ex-dividend date was Monday, December 2nd. This represents a $1.68 dividend on an annualized basis and a yield of 1.61%. Stifel Financial’s dividend payout ratio (DPR) is presently 30.38%.

Analyst Ratings Changes

Several research analysts have recently commented on SF shares. JPMorgan Chase & Co. started coverage on Stifel Financial in a research report on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 target price for the company. JMP Securities lifted their target price on Stifel Financial from $105.00 to $110.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 9th. Wells Fargo & Company lifted their target price on Stifel Financial from $113.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Citigroup lifted their target price on Stifel Financial from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, The Goldman Sachs Group lifted their target price on Stifel Financial from $85.00 to $94.00 and gave the stock a “neutral” rating in a research report on Thursday, September 26th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Stifel Financial currently has a consensus rating of “Hold” and an average price target of $107.43.

Get Our Latest Stock Report on Stifel Financial

Insiders Place Their Bets

In other 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 value 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 $18,544,535.42. This represents a 13.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 4.57% of the stock is currently owned by insiders.

Stifel Financial Profile

(Free Report)

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.

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

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