Cwm LLC Reduces Stock Position in Stifel Financial Corporation $SF

Key Points

• Cwm LLC has reduced its holdings in Stifel Financial by 53.8%, owning 13,038 shares worth approximately $1.35 million after selling 15,191 shares.
• Stifel Financial reported earnings of $1.71 per share for the last quarter, exceeding estimates, with a revenue increase of 5.4% year-over-year.
• The company declared a quarterly dividend of $0.46, resulting in a 1.6% yield and a payout ratio of 35.66%.

Cwm LLC lessened its holdings in shares of Stifel Financial Corporation (NYSE:SF - Free Report) by 53.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,038 shares of the financial services provider's stock after selling 15,191 shares during the period. Cwm LLC's holdings in Stifel Financial were worth $1,353,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Personalized Indexing Management LLC raised its holdings in Stifel Financial by 5.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 16,066 shares of the financial services provider's stock worth $1,668,000 after purchasing an additional 842 shares in the last quarter. Concurrent Investment Advisors LLC lifted its holdings in Stifel Financial by 2.2% in the second quarter. Concurrent Investment Advisors LLC now owns 7,484 shares of the financial services provider's stock worth $777,000 after buying an additional 162 shares during the period. Blair William & Co. IL boosted its position in Stifel Financial by 85.1% during the 2nd quarter. Blair William & Co. IL now owns 4,299 shares of the financial services provider's stock valued at $446,000 after acquiring an additional 1,976 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Stifel Financial by 1.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 28,900 shares of the financial services provider's stock worth $2,999,000 after acquiring an additional 300 shares during the period. Finally, OLD National Bancorp IN bought a new position in shares of Stifel Financial in the 2nd quarter worth approximately $243,000. Hedge funds and other institutional investors own 82.01% of the company's stock.

Stifel Financial Trading Up 1.7%

NYSE:SF opened at $112.11 on Tuesday. The company has a market cap of $11.45 billion, a PE ratio of 21.73 and a beta of 1.13. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 0.28. The company has a 50 day simple moving average of $113.25 and a two-hundred day simple moving average of $103.21. Stifel Financial Corporation has a 12 month low of $73.27 and a 12 month high of $120.64.

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

Stifel Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were paid a $0.46 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $1.84 dividend on an annualized basis and a yield of 1.6%. Stifel Financial's payout ratio is presently 35.66%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on SF shares. JMP Securities boosted their target price on shares of Stifel Financial from $130.00 to $135.00 and gave the company a "market outperform" rating in a report on Thursday, October 9th. Citigroup reiterated an "outperform" rating on shares of Stifel Financial in a report on Thursday, October 9th. Zacks Research downgraded Stifel Financial from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 8th. BMO Capital Markets initiated coverage on Stifel Financial in a research report on Friday, October 3rd. They set a "market perform" rating and a $121.00 price objective for the company. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Stifel Financial in a report on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $122.60.

Stifel Financial 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.

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