Healthcare of Ontario Pension Plan Trust Fund Purchases Shares of 34,500 Stifel Financial Corp. (NYSE:SF)


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Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Stifel Financial Corp. (NYSE:SF) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 34,500 shares of the financial services provider’s stock, valued at approximately $1,741,000.

Several other large investors have also added to or reduced their stakes in the stock. Phocas Financial Corp. lifted its holdings in Stifel Financial by 24.6% in the 4th quarter. Phocas Financial Corp. now owns 160,083 shares of the financial services provider’s stock worth $8,077,000 after purchasing an additional 31,656 shares in the last quarter. Front Row Advisors LLC lifted its holdings in shares of Stifel Financial by 49.8% in the fourth quarter. Front Row Advisors LLC now owns 611 shares of the financial services provider’s stock worth $31,000 after buying an additional 203 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Stifel Financial by 41.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,120,737 shares of the financial services provider’s stock worth $207,933,000 after acquiring an additional 1,197,435 shares during the last quarter. Hsbc Holdings PLC boosted its position in shares of Stifel Financial by 26.2% during the fourth quarter. Hsbc Holdings PLC now owns 19,487 shares of the financial services provider’s stock worth $984,000 after acquiring an additional 4,041 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in Stifel Financial by 48.9% during the fourth quarter. Principal Financial Group Inc. now owns 1,140,011 shares of the financial services provider’s stock valued at $57,523,000 after acquiring an additional 374,172 shares in the last quarter. Hedge funds and other institutional investors own 56.45% of the company’s stock.

Several research firms have commented on SF. Wolfe Research downgraded shares of Stifel Financial from a “peer perform” rating to an “underperform” rating in a report on Tuesday, January 5th. JMP Securities raised their price target on Stifel Financial from $60.00 to $77.00 in a report on Friday. Stifel Nicolaus reaffirmed a “sell” rating on shares of Stifel Financial in a report on Friday, February 19th. The Goldman Sachs Group lowered shares of Stifel Financial from a “buy” rating to a “neutral” rating and set a $55.00 target price for the company. in a report on Tuesday, January 5th. Finally, Wells Fargo & Company raised shares of Stifel Financial from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $37.00 to $56.00 in a research note on Friday, January 15th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $51.22.

In related news, insider James M. Zemlyak sold 3,000 shares of Stifel Financial stock in a transaction dated Thursday, February 18th. The shares were sold at an average price of $58.00, for a total transaction of $174,000.00. Following the completion of the sale, the insider now owns 1,195,796 shares in the company, valued at approximately $69,356,168. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas W. Weisel sold 5,413 shares of the company’s stock in a transaction dated Thursday, March 18th. The stock was sold at an average price of $68.20, for a total transaction of $369,166.60. Following the completion of the transaction, the director now owns 40,427 shares in the company, valued at $2,757,121.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 171,710 shares of company stock worth $10,597,132. Company insiders own 3.71% of the company’s stock.

NYSE SF opened at $68.20 on Tuesday. The company has a quick ratio of 0.73, a current ratio of 0.77 and a debt-to-equity ratio of 0.47. Stifel Financial Corp. has a 52 week low of $25.18 and a 52 week high of $68.94. The firm has a market capitalization of $7.62 billion, a price-to-earnings ratio of 18.47 and a beta of 1.59. The company has a fifty day moving average of $64.51 and a two-hundred day moving average of $51.70.

Stifel Financial (NYSE:SF) last released its earnings results on Thursday, January 28th. The financial services provider reported $1.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.31 by $0.36. Stifel Financial had a net margin of 12.26% and a return on equity of 14.78%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $956.62 million. During the same quarter last year, the business earned $1.88 EPS. The business’s revenue was up 12.2% on a year-over-year basis.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 15th. Stockholders of record on Monday, March 1st were paid a dividend of $0.15 per share. This is a boost from Stifel Financial’s previous quarterly dividend of $0.11. The ex-dividend date was Friday, February 26th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.88%.

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 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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