Stifel Financial Corp Purchases 844 Shares of Tri-Continental Co. (NYSE:TY)

Stifel Financial Corp grew its position in shares of Tri-Continental Co. (NYSE:TY) by 0.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 95,546 shares of the investment management company’s stock after buying an additional 844 shares during the quarter. Stifel Financial Corp’s holdings in Tri-Continental were worth $3,028,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. JPMorgan Chase & Co. boosted its holdings in shares of Tri-Continental by 218.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,160 shares of the investment management company’s stock worth $435,000 after buying an additional 9,027 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Tri-Continental by 1.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 126,471 shares of the investment management company’s stock valued at $4,179,000 after acquiring an additional 1,343 shares during the period. Stolper Co increased its stake in shares of Tri-Continental by 3.7% during the 4th quarter. Stolper Co now owns 55,019 shares of the investment management company’s stock worth $1,744,000 after purchasing an additional 1,965 shares during the last quarter. Successful Portfolios LLC grew its holdings in Tri-Continental by 4.0% during the fourth quarter. Successful Portfolios LLC now owns 15,605 shares of the investment management company’s stock valued at $495,000 after purchasing an additional 593 shares during the period. Finally, Janney Montgomery Scott LLC increased its position in Tri-Continental by 4.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 10,876 shares of the investment management company’s stock worth $345,000 after buying an additional 507 shares during the last quarter. Hedge funds and other institutional investors own 10.22% of the company’s stock.

Insider Activity

In related news, Director Pamela G. Carlton sold 1,815 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $31.23, for a total value of $56,682.45. Following the sale, the director now directly owns 101 shares of the company’s stock, valued at $3,154.23. This trade represents a 94.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 8.66% of the stock is owned by company insiders.

Tri-Continental Price Performance

Shares of TY opened at $30.28 on Friday. Tri-Continental Co. has a fifty-two week low of $26.54 and a fifty-two week high of $34.82. The business has a 50-day moving average of $30.00 and a 200 day moving average of $31.86.

Tri-Continental Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Tuesday, March 18th were issued a dividend of $0.2766 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $1.11 dividend on an annualized basis and a yield of 3.65%.

Tri-Continental Profile

Tri-Continental Corporation is a closed ended equity mutual fund launched and managed by Columbia Management Investment Advisers, LLC. It primarily invests in the public equity markets of the United States. The fund invests in stocks of companies that operate across diversified sectors. It seeks to invest in stocks of large-cap companies.