Cwm LLC Increases Position in Stifel Financial Corporation $SF

Cwm LLC boosted its position in shares of Stifel Financial Corporation (NYSE:SF) by 127.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 29,654 shares of the financial services provider’s stock after purchasing an additional 16,616 shares during the quarter. Cwm LLC’s holdings in Stifel Financial were worth $3,365,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Pacer Advisors Inc. grew its holdings in shares of Stifel Financial by 186.9% during the third quarter. Pacer Advisors Inc. now owns 13,610 shares of the financial services provider’s stock valued at $1,544,000 after buying an additional 8,866 shares during the last quarter. Inspire Investing LLC bought a new position in Stifel Financial in the 3rd quarter valued at approximately $1,047,000. DAVENPORT & Co LLC lifted its position in Stifel Financial by 7.8% in the 3rd quarter. DAVENPORT & Co LLC now owns 35,525 shares of the financial services provider’s stock valued at $4,031,000 after acquiring an additional 2,563 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Stifel Financial by 66.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 689 shares of the financial services provider’s stock valued at $78,000 after purchasing an additional 274 shares during the last quarter. Finally, Brighton Jones LLC bought a new stake in shares of Stifel Financial in the 3rd quarter worth $311,000. 82.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of Stifel Financial from $125.00 to $133.00 and gave the stock a “neutral” rating in a report on Thursday, October 23rd. Cowen upgraded Stifel Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, October 8th. UBS Group set a $150.00 price objective on Stifel Financial and gave the stock a “buy” rating in a report on Thursday, December 11th. JMP Securities increased their target price on Stifel Financial from $130.00 to $135.00 and gave the company a “market outperform” rating in a report on Thursday, October 9th. Finally, Citigroup restated an “outperform” rating on shares of Stifel Financial in a research note on Thursday, October 9th. Seven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $127.40.

Stifel Financial Trading Down 1.3%

NYSE:SF opened at $125.35 on Friday. Stifel Financial Corporation has a one year low of $73.27 and a one year high of $133.08. The business has a fifty day moving average price of $122.96 and a 200-day moving average price of $114.98. The firm has a market capitalization of $12.76 billion, a price-to-earnings ratio of 22.15 and a beta of 1.14. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.84 and a quick ratio of 0.79.

Stifel Financial (NYSE:SF) last released its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.06. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.33 billion. Stifel Financial had a return on equity of 14.95% and a net margin of 12.44%.Stifel Financial’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.50 earnings per share. Sell-side analysts forecast that Stifel Financial Corporation will post 8.26 EPS for the current year.

Stifel Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Monday, December 1st. Stifel Financial’s dividend payout ratio is currently 32.51%.

Stifel Financial Company Profile

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full‐service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research‐driven insights.

The firm’s main business activities are organized into two core segments: Private Client Group and Institutional Group.