Commerce Bank Buys New Stake in Stifel Financial Corporation $SF

Commerce Bank purchased a new position in shares of Stifel Financial Corporation (NYSE:SF) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 20,932 shares of the financial services provider’s stock, valued at approximately $1,460,000.

Other large investors have also recently added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new position in Stifel Financial in the third quarter valued at about $29,000. Activest Wealth Management lifted its stake in shares of Stifel Financial by 12,000.0% during the fourth quarter. Activest Wealth Management now owns 242 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 240 shares in the last quarter. Danske Bank A S purchased a new stake in shares of Stifel Financial in the second quarter worth about $31,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Stifel Financial in the fourth quarter worth about $34,000. Finally, Keating Financial Advisory Services Inc. acquired a new stake in shares of Stifel Financial in the second quarter valued at about $35,000. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on SF shares. UBS Group set a $90.00 target price on Stifel Financial in a report on Thursday, July 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Stifel Financial in a report on Friday, May 29th. Wall Street Zen downgraded shares of Stifel Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. JPMorgan Chase & Co. lifted their price objective on shares of Stifel Financial from $80.00 to $86.00 and gave the company a “neutral” rating in a research note on Thursday, July 23rd. Finally, Zacks Research raised shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Stifel Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.90.

Stifel Financial Price Performance

Shares of NYSE SF opened at $79.72 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 0.88 and a debt-to-equity ratio of 0.33. Stifel Financial Corporation has a fifty-two week low of $67.81 and a fifty-two week high of $89.83. The business has a 50 day moving average price of $78.46 and a two-hundred day moving average price of $76.37. The firm has a market cap of $12.04 billion, a PE ratio of 14.27 and a beta of 0.99.

Stifel Financial (NYSE:SF) last announced its earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.09. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. Stifel Financial had a return on equity of 19.22% and a net margin of 16.11%.Stifel Financial’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.71 EPS. Sell-side analysts expect that Stifel Financial Corporation will post 6.36 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

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

Insider Transactions at Stifel Financial

In other Stifel Financial news, Director Maryam S. Brown sold 4,700 shares of the stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $79.20, for a total transaction of $372,240.00. Following the transaction, the director directly owned 5,729 shares in the company, valued at $453,736.80. This represents a 45.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.36% of the stock is owned by corporate insiders.

Stifel Financial 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.