Bank of Montreal Can Grows Position in Stifel Financial Corp. (NYSE:SF)

Bank of Montreal Can raised its position in shares of Stifel Financial Corp. (NYSE:SF) by 6.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,863 shares of the financial services provider’s stock after acquiring an additional 3,112 shares during the quarter. Bank of Montreal Can owned approximately 0.05% of Stifel Financial worth $5,138,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in Stifel Financial during the 2nd quarter worth approximately $1,543,000. Blue Trust Inc. raised its position in shares of Stifel Financial by 268.6% during the 2nd quarter. Blue Trust Inc. now owns 8,798 shares of the financial services provider’s stock worth $688,000 after purchasing an additional 6,411 shares during the last quarter. Capital CS Group LLC purchased a new stake in shares of Stifel Financial during the second quarter worth about $614,000. Curi RMB Capital LLC boosted its stake in Stifel Financial by 15.7% in the 3rd quarter. Curi RMB Capital LLC now owns 69,301 shares of the financial services provider’s stock worth $6,507,000 after buying an additional 9,396 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its position in shares of Stifel Financial by 19.7% in the 2nd quarter. Thrivent Financial for Lutherans now owns 51,603 shares of the financial services provider’s stock worth $4,342,000 after buying an additional 8,496 shares during the period. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Stifel Financial Stock Performance

Shares of SF opened at $113.80 on Wednesday. Stifel Financial Corp. has a 1 year low of $62.79 and a 1 year high of $119.12. The firm has a market cap of $11.65 billion, a PE ratio of 20.58 and a beta of 1.08. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78. The stock’s fifty day moving average price is $105.61 and its two-hundred day moving average price is $91.27.

Stifel Financial (NYSE:SF) last announced its earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.10). The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.20 billion. Stifel Financial had a net margin of 12.98% and a return on equity of 14.92%. The business’s quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.60 EPS. On average, equities research analysts forecast that Stifel Financial Corp. will post 6.44 EPS for the current year.

Stifel Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date is Monday, December 2nd. Stifel Financial’s dividend payout ratio (DPR) is currently 30.38%.

Wall Street Analysts Forecast Growth

SF has been the topic of a number of research analyst reports. The Goldman Sachs Group increased their target price on Stifel Financial from $85.00 to $94.00 and gave the stock a “neutral” rating in a report on Thursday, September 26th. StockNews.com cut Stifel Financial from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. JMP Securities boosted their price target 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. Wells Fargo & Company lifted their target price on shares of Stifel Financial from $113.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Finally, Citigroup upped their price objective on shares of Stifel Financial from $90.00 to $102.00 and gave the stock a “neutral” rating in a report on Friday, September 27th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $103.17.

Insiders Place Their Bets

In other news, COO David D. Sliney sold 25,000 shares of the business’s stock in a transaction dated 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 transaction, the chief operating officer now owns 159,619 shares of the company’s stock, valued at $18,544,535.42. The trade was a 13.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 4.57% of the stock is currently owned by company insiders.

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.