Caisse DE Depot ET Placement DU Quebec Takes Position in Stifel Financial Corporation $SF

Key Points

• Caisse DE Depot ET Placement DU Quebec acquired 39,700 shares of Stifel Financial Corporation, totaling approximately $3,742,000, signaling institutional interest in the company.
• Analysts have raised their ratings on Stifel Financial, with Citigroup increasing its price target from $115.00 to $135.00 and the stock currently holds a "Moderate Buy" rating.
• Stifel Financial will pay a quarterly dividend of $0.46 on September 16th, yielding 1.6%, with a current dividend payout ratio of 35.66%.

Caisse DE Depot ET Placement DU Quebec bought a new position in shares of Stifel Financial Corporation (NYSE:SF - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 39,700 shares of the financial services provider's stock, valued at approximately $3,742,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Synovus Financial Corp lifted its stake in shares of Stifel Financial by 212.9% in the 1st quarter. Synovus Financial Corp now owns 7,978 shares of the financial services provider's stock valued at $752,000 after acquiring an additional 5,428 shares during the last quarter. Walleye Capital LLC lifted its stake in shares of Stifel Financial by 14.8% in the 1st quarter. Walleye Capital LLC now owns 274,366 shares of the financial services provider's stock valued at $25,862,000 after acquiring an additional 35,421 shares during the last quarter. Jump Financial LLC bought a new position in shares of Stifel Financial in the 1st quarter valued at $833,000. AlphaQuest LLC lifted its stake in shares of Stifel Financial by 482.8% in the 1st quarter. AlphaQuest LLC now owns 26,210 shares of the financial services provider's stock valued at $2,471,000 after acquiring an additional 21,713 shares during the last quarter. Finally, Summit Financial LLC bought a new position in shares of Stifel Financial in the 1st quarter valued at $497,000. 82.01% of the stock is currently owned by institutional investors.

Stifel Financial Trading Down 1.1%

Stifel Financial stock traded down $1.22 during trading hours on Tuesday, reaching $113.61. 332,462 shares of the company's stock were exchanged, compared to its average volume of 786,976. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 0.28. The firm's 50 day simple moving average is $110.68 and its 200 day simple moving average is $99.87. Stifel Financial Corporation has a twelve month low of $73.27 and a twelve month high of $120.64. The firm has a market capitalization of $11.61 billion, a PE ratio of 22.01 and a beta of 1.13.

Stifel Financial (NYSE:SF - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $1.71 earnings per share for the quarter, topping analysts' consensus estimates of $1.65 by $0.06. Stifel Financial had a return on equity of 13.93% and a net margin of 11.90%.The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period last year, the business posted $1.60 EPS. The business's revenue was up 5.4% compared to the same quarter last year. Research analysts predict that Stifel Financial Corporation will post 8.26 earnings per share for the current year.

Stifel Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Tuesday, September 2nd. Stifel Financial's dividend payout ratio (DPR) is presently 35.66%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on SF shares. Stifel Nicolaus set a $135.00 price target on Stifel Financial in a research note on Thursday, July 31st. Citigroup upgraded Stifel Financial from a "neutral" rating to a "buy" rating and increased their price target for the company from $115.00 to $135.00 in a research note on Thursday, July 31st. Wells Fargo & Company increased their price target on Stifel Financial from $102.00 to $125.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. JMP Securities increased their price target on Stifel Financial from $120.00 to $130.00 and gave the company a "market outperform" rating in a research note on Monday, July 14th. Finally, Wall Street Zen raised Stifel Financial from a "sell" rating to a "hold" rating in a research report on Sunday, August 3rd. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $115.78.

Insiders Place Their Bets

In other Stifel Financial news, Director Michael J. Zimmerman sold 10,000 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $96.69, for a total transaction of $966,900.00. Following the completion of the sale, the director directly owned 45,833 shares in the company, valued at approximately $4,431,592.77. This trade represents a 17.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders bought 7 shares of company stock worth $781. Company insiders own 4.57% of the company's stock.

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.