Cwm LLC Purchases 145 Shares of Stifel Financial Corp. (NYSE:SF)

Cwm LLC increased its position in shares of Stifel Financial Corp. (NYSE:SF) by 3.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,940 shares of the financial services provider’s stock after purchasing 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 have also added to or reduced their stakes in the company. Versant Capital Management Inc boosted its stake 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 last quarter. Fidelis Capital Partners LLC purchased a new position in shares of Stifel Financial in the 1st quarter worth about $32,000. Mitsubishi UFJ Trust & Banking Corp bought a new position in Stifel Financial during the first quarter valued at about $33,000. GAMMA Investing LLC raised its position in Stifel Financial by 27.7% in the third quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 109 shares during the period. Finally, Bessemer Group Inc. boosted its stake in Stifel Financial by 388.3% in the first quarter. Bessemer Group Inc. now owns 796 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 633 shares during the last quarter. 82.01% of the stock is owned by institutional investors.

Stifel Financial Trading Down 0.2 %

NYSE SF opened at $102.21 on Monday. 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 $103.32. The stock has a market cap of $10.47 billion, a P/E ratio of 23.23 and a beta of 1.09. The stock has a 50 day simple moving average of $90.06 and a two-hundred day simple moving average of $84.15.

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 company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion. Stifel Financial had a return on equity of 13.24% and a net margin of 11.59%. The firm’s revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.20 earnings per share. On average, analysts forecast that Stifel Financial Corp. will post 6.55 earnings per share for the current year.

Stifel Financial Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on SF. Wells Fargo & Company raised their price target on shares of Stifel Financial from $101.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. TD Cowen upped their price objective on shares of Stifel Financial from $85.00 to $88.00 and gave the company a “hold” rating in a report on Thursday, July 25th. Wolfe Research lowered Stifel Financial from an “outperform” rating to a “peer perform” rating in a report on Monday, July 22nd. StockNews.com cut shares of Stifel Financial from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Finally, The Goldman Sachs Group boosted their target price on Stifel Financial from $85.00 to $94.00 and gave the stock a “neutral” rating in a research report on Thursday, September 26th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Stifel Financial has a consensus rating of “Hold” and an average target price of $96.67.

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.