Comerica Bank Reduces Stock Position in Stifel Financial Corp. (NYSE:SF)

Comerica Bank lowered its holdings in shares of Stifel Financial Corp. (NYSE:SFGet Rating) by 2.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,258 shares of the financial services provider’s stock after selling 1,096 shares during the quarter. Comerica Bank’s holdings in Stifel Financial were worth $2,660,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Financial Gravity Asset Management Inc. purchased a new position in Stifel Financial during the 2nd quarter valued at $283,000. Ronald Blue Trust Inc. purchased a new stake in shares of Stifel Financial in the 2nd quarter worth $28,000. First Horizon Advisors Inc. purchased a new stake in shares of Stifel Financial in the 2nd quarter worth $38,000. Meeder Asset Management Inc. lifted its holdings in shares of Stifel Financial by 1,177.4% in the 2nd quarter. Meeder Asset Management Inc. now owns 792 shares of the financial services provider’s stock worth $44,000 after buying an additional 730 shares during the period. Finally, Ellevest Inc. lifted its holdings in shares of Stifel Financial by 107.8% in the 2nd quarter. Ellevest Inc. now owns 850 shares of the financial services provider’s stock worth $48,000 after buying an additional 441 shares during the period. Hedge funds and other institutional investors own 83.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on SF shares. StockNews.com started coverage on Stifel Financial in a report on Wednesday, October 12th. They issued a “hold” rating for the company. UBS Group started coverage on Stifel Financial in a report on Tuesday, November 22nd. They issued a “neutral” rating for the company. JMP Securities lowered their target price on Stifel Financial from $98.00 to $95.00 and set a “market outperform” rating for the company in a report on Tuesday, January 10th. Finally, Citigroup assumed coverage on Stifel Financial in a report on Tuesday, October 11th. They issued a “neutral” rating and a $60.00 target price for the company.

Stifel Financial Trading Up 0.8 %

SF opened at $63.10 on Wednesday. The firm has a market cap of $6.71 billion, a price-to-earnings ratio of 10.50 and a beta of 1.29. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 0.32. Stifel Financial Corp. has a 12 month low of $49.31 and a 12 month high of $83.28. The stock has a fifty day moving average price of $61.21 and a 200-day moving average price of $59.33.

Stifel Financial (NYSE:SFGet Rating) last released its quarterly earnings results on Wednesday, October 26th. The financial services provider reported $1.29 EPS for the quarter. The firm had revenue of $1.05 billion during the quarter. Stifel Financial had a return on equity of 17.92% and a net margin of 16.33%.

Stifel Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend was Wednesday, November 30th. Stifel Financial’s payout ratio is 19.97%.

Stifel Financial Company Profile

(Get Rating)

Stifel Financial Corp. provides securities brokerage, investment banking, trading, investment advisory, and related financial services. It operates through the following segments: Global Wealth Management, Institutional Group, and Other. The Global Wealth Management segment provides securities transaction, brokerage, and investment services to clients.

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Institutional Ownership by Quarter for Stifel Financial (NYSE:SF)

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