Canada Pension Plan Investment Board Purchases Shares of 93,950 Stifel Financial Corporation $SF

Canada Pension Plan Investment Board purchased a new position in Stifel Financial Corporation (NYSE:SF - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 93,950 shares of the financial services provider's stock, valued at approximately $6,555,000. Canada Pension Plan Investment Board owned about 0.06% of Stifel Financial as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of SF. Activest Wealth Management grew its position in shares of 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 purchasing an additional 240 shares during the period. Advisory Services Network LLC purchased a new stake in Stifel Financial during the third quarter valued at about $29,000. Caitong International Asset Management Co. Ltd purchased a new stake in Stifel Financial during the fourth quarter valued at about $34,000. Cullen Frost Bankers Inc. purchased a new stake in Stifel Financial during the fourth quarter worth approximately $50,000. Finally, BOKF NA lifted its stake in shares of Stifel Financial by 1,626.9% during the third quarter. BOKF NA now owns 449 shares of the financial services provider's stock worth $51,000 after purchasing an additional 423 shares in the last quarter. Institutional investors and hedge funds own 82.01% of the company's stock.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, Director Maryam S. Brown sold 4,700 shares of the stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $79.20, for a total value of $372,240.00. Following the completion of the sale, the director directly owned 5,729 shares of the company's stock, valued at approximately $453,736.80. This represents a 45.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.36% of the company's stock.

Stifel Financial Stock Up 0.6%

NYSE SF opened at $81.31 on Friday. Stifel Financial Corporation has a 12 month low of $67.81 and a 12 month high of $89.83. The company has a market capitalization of $12.28 billion, a P/E ratio of 14.55 and a beta of 0.99. The company's 50 day simple moving average is $78.90 and its 200 day simple moving average is $76.33. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.88 and a quick ratio of 0.83.

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

Stifel Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 1st. Stifel Financial's payout ratio is presently 24.33%.

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.

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