Cwm LLC Raises Stock Holdings in Stifel Financial Corp. (NYSE:SF)

Cwm LLC boosted its position in Stifel Financial Corp. (NYSE:SF) by 3.8% in the third quarter, Holdings Channel.com reports. The firm owned 3,940 shares of the financial services provider’s stock after buying an additional 145 shares during the quarter. Cwm LLC’s holdings in Stifel Financial were worth $370,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Versant Capital Management Inc grew its position in shares of Stifel Financial by 1,818.8% in the 2nd quarter. Versant Capital Management Inc now owns 307 shares of the financial services provider’s stock worth $26,000 after buying an additional 291 shares during the period. Fidelis Capital Partners LLC bought a new stake in Stifel Financial during the first quarter worth about $32,000. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in Stifel Financial in the first quarter worth about $33,000. GAMMA Investing LLC increased its stake in shares of Stifel Financial by 27.7% during the third quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 109 shares in the last quarter. Finally, Bessemer Group Inc. lifted its holdings in shares of Stifel Financial by 388.3% during the first quarter. Bessemer Group Inc. now owns 796 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 633 shares during the last quarter. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Stifel Financial Price Performance

NYSE SF opened at $102.21 on Monday. Stifel Financial Corp. has a one year low of $54.81 and a one year high of $103.32. The stock has a 50-day moving average of $90.06 and a 200 day moving average of $84.15. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.80 and a current ratio of 0.84. The company has a market capitalization of $10.47 billion, a price-to-earnings ratio of 23.23 and a beta of 1.09.

Stifel Financial (NYSE:SF) last announced its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.06. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion. Stifel Financial had a net margin of 11.59% and a return on equity of 13.24%. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.20 earnings per share. On average, sell-side analysts forecast that Stifel Financial Corp. will post 6.55 EPS for the current year.

Stifel Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.64%. The ex-dividend date was Tuesday, September 3rd. Stifel Financial’s payout ratio is currently 38.18%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. The Goldman Sachs Group upped their price target on Stifel Financial from $85.00 to $94.00 and gave the stock a “neutral” rating in a research note on Thursday, September 26th. TD Cowen increased their target price on Stifel Financial from $85.00 to $88.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. JMP Securities lifted their price target on Stifel Financial from $105.00 to $110.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 9th. Wolfe Research cut shares of Stifel Financial from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 22nd. Finally, Citigroup raised their price objective on shares of Stifel Financial from $90.00 to $102.00 and gave the company a “neutral” rating in a research note on Friday, September 27th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $96.67.

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.