Commerce Bank Sells 315 Shares of Stifel Financial Corp. (NYSE:SF)

Commerce Bank decreased its stake in shares of Stifel Financial Corp. (NYSE:SF) by 1.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,263 shares of the financial services provider’s stock after selling 315 shares during the quarter. Commerce Bank’s holdings in Stifel Financial were worth $1,903,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Versant Capital Management Inc boosted its holdings in shares of Stifel Financial by 1,818.8% in the second quarter. Versant Capital Management Inc now owns 307 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 291 shares during the period. Mitsubishi UFJ Trust & Banking Corp bought a new stake in Stifel Financial during the 1st quarter valued at $33,000. Waldron Private Wealth LLC purchased a new stake in shares of Stifel Financial in the 3rd quarter worth $34,000. GAMMA Investing LLC increased its stake in shares of Stifel Financial by 27.7% during the third quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider’s stock valued at $47,000 after buying an additional 109 shares during the period. Finally, Bessemer Group Inc. raised its holdings in shares of Stifel Financial by 388.3% in the first quarter. Bessemer Group Inc. now owns 796 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 633 shares in the last quarter. 82.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SF. Citigroup increased their target price on shares of Stifel Financial from $90.00 to $102.00 and gave the stock a “neutral” rating in a report on Friday, September 27th. The Goldman Sachs Group boosted their price objective on shares of Stifel Financial from $85.00 to $94.00 and gave the stock a “neutral” rating in a research note on Thursday, September 26th. TD Cowen increased their target price on Stifel Financial from $100.00 to $105.00 and gave the company a “hold” rating in a research report on Thursday, October 24th. StockNews.com lowered Stifel Financial from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Finally, JMP Securities raised their price objective on Stifel Financial from $105.00 to $110.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 9th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Stifel Financial presently has a consensus rating of “Hold” and a consensus price target of $103.17.

Stifel Financial Stock Up 1.1 %

Shares of SF stock opened at $116.22 on Friday. The stock’s fifty day moving average price is $102.16 and its 200 day moving average price is $89.57. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78. Stifel Financial Corp. has a 1-year low of $60.17 and a 1-year high of $118.12. The company has a market cap of $11.90 billion, a price-to-earnings ratio of 21.02 and a beta of 1.08.

Stifel Financial (NYSE:SF) last posted its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($0.10). The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.20 billion. Stifel Financial had a net margin of 12.98% and a return on equity of 14.92%. The business’s revenue was up 17.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.60 EPS. On average, research analysts expect that Stifel Financial Corp. will post 6.44 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Monday, December 2nd. Stifel Financial’s dividend payout ratio (DPR) is presently 30.38%.

Insider Activity at Stifel Financial

In related news, COO David D. Sliney sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $116.18, for a total value of $2,904,500.00. Following the sale, the chief operating officer now owns 159,619 shares in the company, valued at $18,544,535.42. This represents a 13.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.57% of the stock is owned by insiders.

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.