Drive Wealth Management LLC Invests $227,000 in Stifel Financial Corp. (NYSE:SF)

Drive Wealth Management LLC bought a new position in shares of Stifel Financial Corp. (NYSE:SF) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,143 shares of the financial services provider’s stock, valued at approximately $227,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SF. Waldron Private Wealth LLC bought a new stake in Stifel Financial during the 3rd quarter worth approximately $34,000. GAMMA Investing LLC raised its stake in Stifel Financial by 27.7% during the 3rd 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. Versant Capital Management Inc raised its stake in Stifel Financial by 46.5% during the 4th quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 145 shares during the period. UMB Bank n.a. raised its stake in Stifel Financial by 36.6% during the 3rd quarter. UMB Bank n.a. now owns 870 shares of the financial services provider’s stock worth $82,000 after acquiring an additional 233 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in Stifel Financial by 148.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,201 shares of the financial services provider’s stock worth $113,000 after acquiring an additional 717 shares during the period. Institutional investors own 82.01% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on SF shares. StockNews.com cut shares of Stifel Financial from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. JMP Securities increased their price objective on shares of Stifel Financial from $105.00 to $110.00 and gave the company a “market outperform” rating in a report on Wednesday, October 9th. TD Cowen increased their price objective on shares of Stifel Financial from $100.00 to $105.00 and gave the company a “hold” rating in a report on Thursday, October 24th. Citigroup increased their price objective on shares of Stifel Financial from $110.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, January 10th. Finally, Wells Fargo & Company cut their price objective on shares of Stifel Financial from $130.00 to $128.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Stifel Financial presently has an average rating of “Hold” and an average price target of $107.14.

Insider Activity at Stifel Financial

In related news, COO David D. Sliney sold 25,000 shares of the firm’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 directly owns 159,619 shares in the company, valued at $18,544,535.42. This trade represents a 13.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.57% of the stock is currently owned by insiders.

Stifel Financial Trading Down 1.0 %

SF stock opened at $113.10 on Tuesday. The firm has a fifty day moving average price of $110.66 and a 200 day moving average price of $99.10. Stifel Financial Corp. has a fifty-two week low of $71.36 and a fifty-two week high of $119.12. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. The firm has a market cap of $11.58 billion, a PE ratio of 20.45 and a beta of 1.11.

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.