Stifel Financial Corp. (NYSE:SF) Shares Purchased by Bank of Montreal Can

Bank of Montreal Can increased its stake in shares of Stifel Financial Corp. (NYSE:SF) by 6.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,863 shares of the financial services provider’s stock after buying an additional 3,112 shares during the quarter. Bank of Montreal Can’s holdings in Stifel Financial were worth $5,138,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in SF. Fisher Asset Management LLC boosted its holdings in shares of Stifel Financial by 4.7% during the third quarter. Fisher Asset Management LLC now owns 1,464,421 shares of the financial services provider’s stock worth $137,509,000 after purchasing an additional 65,113 shares during the period. Larson Financial Group LLC lifted its stake in Stifel Financial by 4,308.9% during the third quarter. Larson Financial Group LLC now owns 5,423 shares of the financial services provider’s stock worth $509,000 after purchasing an additional 5,300 shares during the period. Algert Global LLC increased its position in shares of Stifel Financial by 10.1% during the 3rd quarter. Algert Global LLC now owns 92,685 shares of the financial services provider’s stock worth $8,703,000 after purchasing an additional 8,520 shares in the last quarter. Kingsview Wealth Management LLC bought a new position in shares of Stifel Financial in the third quarter valued at about $274,000. Finally, Cerity Partners LLC raised its position in shares of Stifel Financial by 23.3% during the third quarter. Cerity Partners LLC now owns 40,303 shares of the financial services provider’s stock worth $3,784,000 after acquiring an additional 7,615 shares during the last quarter. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SF has been the topic of several analyst reports. Citigroup increased their target price on Stifel Financial from $90.00 to $102.00 and gave the company a “neutral” rating in a research note on Friday, September 27th. JMP Securities raised their target price on shares of Stifel Financial from $105.00 to $110.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 9th. The Goldman Sachs Group upped their price objective 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 target on shares of Stifel Financial from $113.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Finally, TD Cowen lifted their price objective on Stifel Financial from $100.00 to $105.00 and gave the stock a “hold” rating in a research report on Thursday, October 24th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $103.17.

Insider Buying and Selling

In other news, COO David D. Sliney sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $116.18, for a total value 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 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. 4.57% of the stock is currently owned by insiders.

Stifel Financial Trading Down 0.8 %

NYSE:SF opened at $113.80 on Wednesday. The firm has a 50-day moving average price of $105.61 and a two-hundred day moving average price of $91.27. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. Stifel Financial Corp. has a 52 week low of $62.79 and a 52 week high of $119.12. The firm has a market cap of $11.65 billion, a price-to-earnings ratio of 20.58 and a beta of 1.08.

Stifel Financial (NYSE:SF) last posted its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share for the quarter, missing the consensus estimate of $1.60 by ($0.10). Stifel Financial had a return on equity of 14.92% and a net margin of 12.98%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the firm earned $0.60 earnings per share. The business’s revenue for the quarter was up 17.2% on a year-over-year basis. On average, equities analysts expect that Stifel Financial Corp. will post 6.44 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.48%. The ex-dividend date is Monday, December 2nd. Stifel Financial’s payout ratio is currently 30.38%.

Stifel Financial Company 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.