CIBC Asset Management Inc Buys 102 Shares of Stifel Financial Corp. (NYSE:SF)

CIBC Asset Management Inc lifted its stake in Stifel Financial Corp. (NYSE:SF) by 3.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,019 shares of the financial services provider’s stock after buying an additional 102 shares during the quarter. CIBC Asset Management Inc’s holdings in Stifel Financial were worth $283,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. OneDigital Investment Advisors LLC boosted 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 valued at $465,000 after buying an additional 166 shares during the last quarter. Curi RMB Capital LLC raised its holdings in shares of Stifel Financial by 15.7% during the 3rd quarter. Curi RMB Capital LLC now owns 69,301 shares of the financial services provider’s stock worth $6,507,000 after acquiring an additional 9,396 shares in the last quarter. Zions Bancorporation N.A. boosted its position in shares of Stifel Financial by 19.3% during the 3rd quarter. Zions Bancorporation N.A. now owns 27,034 shares of the financial services provider’s stock valued at $2,538,000 after acquiring an additional 4,367 shares during the last quarter. KBC Group NV grew its holdings in shares of Stifel Financial by 11.5% in the third quarter. KBC Group NV now owns 2,855 shares of the financial services provider’s stock valued at $268,000 after purchasing an additional 295 shares in the last quarter. Finally, Chase Investment Counsel Corp increased its position in Stifel Financial by 2.6% in the third quarter. Chase Investment Counsel Corp now owns 42,003 shares of the financial services provider’s stock worth $3,944,000 after purchasing an additional 1,080 shares during the last quarter. Institutional investors own 82.01% of the company’s stock.

Stifel Financial Price Performance

SF opened at $116.18 on Friday. The business has a fifty day moving average of $101.55 and a 200 day moving average of $89.34. The stock has a market cap of $11.89 billion, a P/E ratio of 21.01 and a beta of 1.08. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. Stifel Financial Corp. has a 52-week low of $60.17 and a 52-week high of $118.12.

Stifel Financial (NYSE:SF) last issued its earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.10). The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Stifel Financial had a net margin of 12.98% and a return on equity of 14.92%. The firm’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 earnings per share. As a group, sell-side analysts anticipate that Stifel Financial Corp. will post 6.44 EPS for the current year.

Stifel Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Monday, December 2nd. Stifel Financial’s dividend payout ratio (DPR) is presently 30.38%.

Insider Activity

In other news, COO David D. Sliney sold 25,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $116.18, for a total transaction of $2,904,500.00. Following 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 4.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on SF. TD Cowen increased their price objective on shares of Stifel Financial from $100.00 to $105.00 and gave the company a “hold” rating in a research report on Thursday, October 24th. The Goldman Sachs Group lifted their price target on Stifel Financial from $85.00 to $94.00 and gave the stock a “neutral” rating in a research report on Thursday, September 26th. Wells Fargo & Company upped their price objective on Stifel Financial from $113.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. StockNews.com cut Stifel Financial from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. Finally, Citigroup increased their price target on Stifel Financial from $90.00 to $102.00 and gave the company a “neutral” rating in a report on Friday, September 27th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Stifel Financial has a consensus rating of “Hold” and an average target price of $103.17.

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.