Caisse de depot et placement du Quebec Purchases Shares of 167,184 Stifel Financial Corporation $SF

Caisse de depot et placement du Quebec purchased a new position in shares of Stifel Financial Corporation (NYSE:SF - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 167,184 shares of the financial services provider's stock, valued at approximately $11,664,000. Caisse de depot et placement du Quebec owned about 0.11% of Stifel Financial at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Advisory Services Network LLC acquired a new stake in Stifel Financial during the 3rd quarter worth approximately $29,000. Activest Wealth Management raised its holdings in Stifel Financial by 12,000.0% in the fourth quarter. Activest Wealth Management now owns 242 shares of the financial services provider's stock valued at $30,000 after buying an additional 240 shares during the period. Danske Bank A S acquired a new position in Stifel Financial during the second quarter valued at approximately $31,000. Caitong International Asset Management Co. Ltd acquired a new position in Stifel Financial during the fourth quarter valued at approximately $34,000. Finally, Keating Financial Advisory Services Inc. purchased a new stake in Stifel Financial during the second quarter worth approximately $35,000. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Stifel Financial news, Director Maryam S. Brown sold 4,700 shares of the business's stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $79.20, for a total value of $372,240.00. Following the transaction, the director owned 5,729 shares in the company, valued at $453,736.80. The trade was a 45.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.36% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Zacks Research raised shares of Stifel Financial from a "strong sell" rating to a "hold" rating in a research note on Wednesday, May 20th. JPMorgan Chase & Co. upped their price target on shares of Stifel Financial from $80.00 to $86.00 and gave the stock a "neutral" rating in a research report on Thursday, July 23rd. Wall Street Zen downgraded Stifel Financial from a "buy" rating to a "hold" rating in a report on Sunday, August 9th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Stifel Financial in a report on Wednesday. Finally, UBS Group set a $90.00 price objective on Stifel Financial in a research report on Thursday, July 23rd. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $91.90.

Stifel Financial Stock Up 0.6%

Shares of NYSE:SF opened at $81.31 on Friday. The company has a market capitalization of $12.28 billion, a price-to-earnings ratio of 14.55 and a beta of 0.99. The company has a 50 day moving average of $78.90 and a two-hundred day moving average of $76.33. Stifel Financial Corporation has a 52-week low of $67.81 and a 52-week high of $89.83. The company has a quick ratio of 0.83, a current ratio of 0.88 and a debt-to-equity ratio of 0.33.

Stifel Financial (NYSE:SF - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 EPS for the quarter, topping analysts' consensus estimates of $1.33 by $0.09. The business had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.42 billion. Stifel Financial had a net margin of 16.11% and a return on equity of 19.22%. The business's revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.71 earnings per share. As a group, analysts forecast that Stifel Financial Corporation will post 6.36 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.34 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $1.36 dividend on an annualized basis and a yield of 1.7%. Stifel Financial's payout ratio is currently 24.33%.

Stifel Financial 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.

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