Bank of Montreal Can Acquires 2,423 Shares of Stifel Financial Corp. (NYSE:SF)

Bank of Montreal Can increased its holdings in Stifel Financial Corp. (NYSE:SF) by 4.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 51,751 shares of the financial services provider’s stock after buying an additional 2,423 shares during the period. Bank of Montreal Can owned 0.05% of Stifel Financial worth $4,357,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. First Trust Advisors LP lifted its holdings in shares of Stifel Financial by 12.4% in the fourth quarter. First Trust Advisors LP now owns 525,026 shares of the financial services provider’s stock worth $36,306,000 after buying an additional 58,013 shares in the last quarter. Integrated Advisors Network LLC bought a new position in Stifel Financial in the 4th quarter valued at $3,600,000. Quadrature Capital Ltd purchased a new position in shares of Stifel Financial during the 4th quarter valued at $649,000. HighPoint Advisor Group LLC bought a new position in shares of Stifel Financial in the fourth quarter worth $215,000. Finally, Los Angeles Capital Management LLC bought a new stake in Stifel Financial during the first quarter valued at $2,251,000. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

Stifel Financial Trading Down 0.5 %

Shares of SF opened at $93.40 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.80 and a current ratio of 0.84. Stifel Financial Corp. has a fifty-two week low of $54.81 and a fifty-two week high of $94.18. The firm has a 50 day moving average price of $86.28 and a 200-day moving average price of $82.06. The firm has a market cap of $9.57 billion, a price-to-earnings ratio of 21.23 and a beta of 1.09.

Stifel Financial (NYSE:SF) last issued its earnings results on Wednesday, July 24th. The financial services provider reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.06. Stifel Financial had a return on equity of 13.24% and a net margin of 11.59%. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the prior year, the business posted $1.20 EPS. Stifel Financial’s quarterly revenue was up 15.9% compared to the same quarter last year. As a group, equities research analysts forecast that Stifel Financial Corp. will post 6.55 earnings per share for the current year.

Stifel Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend was Tuesday, September 3rd. Stifel Financial’s dividend payout ratio (DPR) is presently 38.18%.

Analysts Set New Price Targets

A number of brokerages have weighed in on SF. Wells Fargo & Company started coverage on Stifel Financial in a report on Thursday, September 12th. They issued an “overweight” rating and a $101.00 price target on the stock. The Goldman Sachs Group raised their target price on shares of Stifel Financial from $85.00 to $94.00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. Wolfe Research cut shares of Stifel Financial from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 22nd. TD Cowen increased their price target on shares of Stifel Financial from $85.00 to $88.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. Finally, StockNews.com downgraded shares of Stifel Financial from a “buy” rating to a “hold” rating in a report on Friday, September 20th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $94.67.

Stifel Financial 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.