Stifel Financial Corporation $SF Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. cut its position in Stifel Financial Corporation (NYSE:SF) by 2.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 71,988 shares of the financial services provider’s stock after selling 1,514 shares during the quarter. Oppenheimer Asset Management Inc. owned approximately 0.07% of Stifel Financial worth $7,471,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of SF. GAMMA Investing LLC boosted its holdings in shares of Stifel Financial by 401.0% in the first quarter. GAMMA Investing LLC now owns 4,509 shares of the financial services provider’s stock valued at $425,000 after acquiring an additional 3,609 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Stifel Financial by 263.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 19,711 shares of the financial services provider’s stock worth $1,858,000 after purchasing an additional 14,284 shares during the period. Janney Montgomery Scott LLC boosted its stake in Stifel Financial by 31.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 10,505 shares of the financial services provider’s stock worth $990,000 after purchasing an additional 2,505 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Stifel Financial during the first quarter worth about $361,000. Finally, Asset Management One Co. Ltd. acquired a new stake in shares of Stifel Financial during the first quarter worth about $1,165,000. 82.01% of the stock is owned by institutional investors and hedge funds.

Stifel Financial Price Performance

Stifel Financial stock opened at $119.05 on Tuesday. Stifel Financial Corporation has a one year low of $73.27 and a one year high of $120.97. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 0.82. The business has a fifty day moving average of $113.42 and a two-hundred day moving average of $104.45. The company has a market cap of $12.16 billion, a P/E ratio of 21.03 and a beta of 1.13.

Stifel Financial (NYSE:SF) last released its earnings results on Wednesday, October 22nd. The financial services provider reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.06. Stifel Financial had a return on equity of 15.06% and a net margin of 12.44%.The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter last year, the company earned $1.50 earnings per share. Stifel Financial’s quarterly revenue was up 16.7% compared to the same quarter last year. As a group, analysts predict that Stifel Financial Corporation will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Tuesday, September 2nd. Stifel Financial’s dividend payout ratio (DPR) is presently 32.51%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on SF shares. Citigroup reiterated an “outperform” rating on shares of Stifel Financial in a research note on Thursday, October 9th. Cowen raised Stifel Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, October 8th. JMP Securities increased their price objective on Stifel Financial from $130.00 to $135.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 9th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Stifel Financial in a report on Wednesday, October 8th. Finally, Wall Street Zen raised Stifel Financial from a “sell” rating to a “hold” rating in a report on Sunday, August 3rd. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Stifel Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.90.

Stifel Financial Company 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.