Hilltop National Bank Has $122,000 Holdings in Stifel Financial Corp. (NYSE:SF)

Hilltop National Bank lowered its position in shares of Stifel Financial Corp. (NYSE:SF) by 8.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,150 shares of the financial services provider’s stock after selling 100 shares during the quarter. Hilltop National Bank’s holdings in Stifel Financial were worth $122,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. TD Asset Management Inc grew its position in Stifel Financial by 16.7% during the second quarter. TD Asset Management Inc now owns 23,800 shares of the financial services provider’s stock valued at $2,003,000 after purchasing an additional 3,400 shares in the last quarter. Victory Capital Management Inc. grew its position in Stifel Financial by 19.0% during the second 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. Caprock Group LLC purchased a new position in Stifel Financial during the second quarter valued at approximately $217,000. Oppenheimer Asset Management Inc. grew its position in Stifel Financial by 16.0% during the second 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. Finally, Envestnet Asset Management Inc. grew its position in Stifel Financial by 1.7% during the second 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. Institutional investors and hedge funds own 82.01% of the company’s stock.

Insider Activity at Stifel Financial

In other news, COO David D. Sliney sold 25,000 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $116.18, for a total value of $2,904,500.00. Following the completion of the transaction, the chief operating officer now owns 159,619 shares in the company, valued at approximately $18,544,535.42. This represents a 13.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 4.57% of the company’s stock.

Analyst Ratings Changes

SF has been the subject of several recent research reports. Wells Fargo & Company boosted their target price on shares of Stifel Financial from $113.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. initiated coverage on shares of Stifel Financial in a research report on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 target price for the company. Citigroup boosted their target price on shares of Stifel Financial from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday. TD Cowen boosted their target price on shares of Stifel Financial from $100.00 to $105.00 and gave the stock a “hold” rating in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group boosted their target price on shares of 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 issued a buy rating to the company. According to data from MarketBeat.com, Stifel Financial has an average rating of “Hold” and an average target price of $107.43.

Stifel Financial Price Performance

NYSE:SF opened at $104.14 on Friday. The stock has a market cap of $10.66 billion, a P/E ratio of 18.83 and a beta of 1.11. Stifel Financial Corp. has a one year low of $68.09 and a one year high of $119.12. The company has a fifty day moving average price of $110.80 and a 200 day moving average price of $96.43. 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 (NYSE:SF) last released its 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 for the quarter, compared to analyst estimates of $1.20 billion. Stifel Financial had a net margin of 12.98% and a return on equity of 14.92%. Stifel Financial’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 company earned $0.60 earnings per share. Analysts anticipate that Stifel Financial Corp. will post 6.5 earnings per share for the current year.

Stifel Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend was Monday, December 2nd. Stifel Financial’s payout ratio is currently 30.38%.

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.