Caprock Group LLC boosted its holdings in Stifel Financial Corp. (NYSE:SF – Free Report) by 9.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,824 shares of the financial services provider’s stock after purchasing an additional 246 shares during the quarter. Caprock Group LLC’s holdings in Stifel Financial were worth $265,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. CIBC Asset Management Inc grew its position in Stifel Financial by 3.5% during the third quarter. CIBC Asset Management Inc now owns 3,019 shares of the financial services provider’s stock valued at $283,000 after acquiring an additional 102 shares during the period. GAMMA Investing LLC increased its position 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 purchasing an additional 109 shares in the last quarter. Tributary Capital Management LLC raised its holdings in Stifel Financial by 1.0% in the third quarter. Tributary Capital Management LLC now owns 12,603 shares of the financial services provider’s stock valued at $1,183,000 after buying an additional 126 shares during the period. CWM LLC lifted its position in Stifel Financial by 3.8% during the third quarter. CWM LLC now owns 3,940 shares of the financial services provider’s stock valued at $370,000 after buying an additional 145 shares in the last quarter. Finally, OneDigital Investment Advisors LLC grew its stake in Stifel Financial by 3.5% during the third quarter. OneDigital Investment Advisors LLC now owns 4,954 shares of the financial services provider’s stock worth $465,000 after buying an additional 166 shares during the period. Institutional investors and hedge funds own 82.01% of the company’s stock.
Insiders Place Their Bets
In other news, COO David D. Sliney sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $116.18, for a total transaction 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 trade represents a 13.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 4.57% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis on Stifel Financial
Stifel Financial Stock Up 1.1 %
Shares of Stifel Financial stock opened at $116.22 on Monday. 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 Corp. has a 1-year low of $60.17 and a 1-year high of $118.12. The business’s fifty day moving average price is $102.16 and its two-hundred day moving average price is $89.66. The company has a market capitalization of $11.90 billion, a P/E ratio of 21.02 and a beta of 1.08.
Stifel Financial (NYSE:SF – Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share for the quarter, missing the consensus estimate of $1.60 by ($0.10). The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.20 billion. Stifel Financial had a return on equity of 14.92% and a net margin of 12.98%. The business’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.60 EPS. As a group, research analysts forecast that Stifel Financial Corp. will post 6.44 EPS for the current year.
Stifel Financial Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $0.42 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.68 annualized dividend and a yield of 1.45%. Stifel Financial’s payout ratio is 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.
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