Cwm LLC Purchases 24,141 Shares of Stifel Financial Corporation (NYSE:SF)

CWM LLC lifted its position in shares of Stifel Financial Corporation (NYSE:SF - Free Report) by 590.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,229 shares of the financial services provider's stock after buying an additional 24,141 shares during the period. CWM LLC's holdings in Stifel Financial were worth $2,661,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SF. FMR LLC increased its stake in Stifel Financial by 8.5% in the 4th quarter. FMR LLC now owns 8,628,832 shares of the financial services provider's stock worth $915,346,000 after purchasing an additional 672,420 shares during the period. Wellington Management Group LLP increased its stake in Stifel Financial by 32.2% in the 4th quarter. Wellington Management Group LLP now owns 2,588,964 shares of the financial services provider's stock worth $274,637,000 after purchasing an additional 630,255 shares during the period. Norges Bank purchased a new position in Stifel Financial in the 4th quarter worth approximately $137,448,000. Invesco Ltd. increased its stake in Stifel Financial by 18.2% in the 4th quarter. Invesco Ltd. now owns 1,207,465 shares of the financial services provider's stock worth $128,088,000 after purchasing an additional 186,352 shares during the period. Finally, Northern Trust Corp increased its stake in Stifel Financial by 14.8% in the 4th quarter. Northern Trust Corp now owns 1,128,978 shares of the financial services provider's stock worth $119,762,000 after purchasing an additional 145,902 shares during the period. 82.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Citigroup boosted their target price on Stifel Financial from $94.00 to $115.00 and gave the company a "neutral" rating in a research note on Monday, July 7th. JPMorgan Chase & Co. dropped their price target on Stifel Financial from $123.00 to $100.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Wall Street Zen upgraded Stifel Financial from a "sell" rating to a "hold" rating in a research report on Sunday, July 13th. Wolfe Research upgraded Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 price target on the stock in a research report on Thursday, April 24th. Finally, The Goldman Sachs Group dropped their price target on Stifel Financial from $121.00 to $105.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $110.88.

Stifel Financial Stock Performance

Stifel Financial stock traded up $0.31 during mid-day trading on Friday, reaching $109.92. 603,546 shares of the stock traded hands, compared to its average volume of 688,627. The stock has a market capitalization of $11.29 billion, a PE ratio of 21.02 and a beta of 1.09. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.81 and a quick ratio of 0.77. Stifel Financial Corporation has a 12-month low of $73.27 and a 12-month high of $120.64. The business's 50-day moving average is $100.29 and its 200-day moving average is $99.62.

Stifel Financial (NYSE:SF - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.49 EPS for the quarter, missing analysts' consensus estimates of $1.64 by ($1.15). The firm had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.32 billion. Stifel Financial had a net margin of 12.26% and a return on equity of 13.88%. The firm's revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.49 EPS. As a group, sell-side analysts predict that Stifel Financial Corporation will post 8.26 EPS for the current fiscal year.

Stifel Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date was Monday, June 2nd. Stifel Financial's payout ratio is 35.18%.

Insider Buying and Selling

In related news, Director Michael J. Zimmerman sold 10,000 shares of Stifel Financial stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $96.69, for a total transaction of $966,900.00. Following the sale, the director owned 45,833 shares of the company's stock, valued at approximately $4,431,592.77. This trade represents a 17.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.28% of the stock is currently owned by insiders.

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.