Swiss National Bank lifted its stake in shares of Stifel Financial Corp. (NYSE:SF – Free Report) by 1.3% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 232,313 shares of the financial services provider’s stock after buying an additional 2,900 shares during the period. Swiss National Bank’s holdings in Stifel Financial were worth $13,862,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of SF. Citigroup Inc. grew its position in shares of Stifel Financial by 22.0% during the 1st quarter. Citigroup Inc. now owns 58,283 shares of the financial services provider’s stock worth $3,957,000 after buying an additional 10,500 shares during the period. Bank of Montreal Can lifted its holdings in shares of Stifel Financial by 118.2% in the 1st quarter. Bank of Montreal Can now owns 81,633 shares of the financial services provider’s stock worth $5,808,000 after purchasing an additional 44,219 shares in the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of Stifel Financial by 8.4% in the 1st quarter. Great West Life Assurance Co. Can now owns 57,088 shares of the financial services provider’s stock worth $3,985,000 after purchasing an additional 4,405 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Stifel Financial by 1.3% in the 1st quarter. Sei Investments Co. now owns 165,260 shares of the financial services provider’s stock worth $11,192,000 after purchasing an additional 2,135 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in shares of Stifel Financial in the 1st quarter worth $550,000. Institutional investors and hedge funds own 81.60% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the company. JMP Securities cut their target price on Stifel Financial from $86.00 to $82.00 and set a “market outperform” rating on the stock in a report on Tuesday, October 10th. StockNews.com assumed coverage on Stifel Financial in a report on Friday, October 6th. They issued a “hold” rating on the stock.
Stifel Financial Price Performance
Shares of NYSE:SF opened at $61.54 on Tuesday. The company has a current ratio of 0.83, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. The stock’s fifty day simple moving average is $60.41 and its two-hundred day simple moving average is $60.74. Stifel Financial Corp. has a 1-year low of $53.47 and a 1-year high of $68.77. The stock has a market cap of $6.28 billion, a PE ratio of 14.21 and a beta of 1.24.
Stifel Financial (NYSE:SF – Get Free Report) last issued its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.60 earnings per share for the quarter, missing the consensus estimate of $1.29 by ($0.69). Stifel Financial had a net margin of 11.98% and a return on equity of 12.69%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the business posted $1.29 earnings per share. Stifel Financial’s revenue was up .0% on a year-over-year basis.
Stifel Financial Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend is Thursday, November 30th. Stifel Financial’s dividend payout ratio (DPR) is presently 33.26%.
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, the United Kingdom, the rest of Europe, and Canada.
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