Curi RMB Capital LLC Acquires 9,396 Shares of Stifel Financial Corp. (NYSE:SF)

Curi RMB Capital LLC raised its stake in Stifel Financial Corp. (NYSE:SF) by 15.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 69,301 shares of the financial services provider’s stock after buying an additional 9,396 shares during the quarter. Curi RMB Capital LLC’s holdings in Stifel Financial were worth $6,507,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc increased its position in 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 worth $26,000 after purchasing an additional 291 shares during the period. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Stifel Financial during the first quarter worth approximately $33,000. Waldron Private Wealth LLC acquired a new position in Stifel Financial in the third quarter valued at approximately $34,000. GAMMA Investing LLC boosted its stake in Stifel Financial by 27.7% in the third quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 109 shares during the last quarter. Finally, Bessemer Group Inc. boosted its stake in 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 during the last quarter. 82.01% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, COO David D. Sliney sold 25,000 shares of the business’s stock in a transaction dated 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 directly owns 159,619 shares in the company, valued at $18,544,535.42. The trade was a 13.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 4.57% of the company’s stock.

Wall Street Analysts Forecast Growth

SF has been the topic of a number of analyst reports. TD Cowen increased their price target on Stifel Financial from $100.00 to $105.00 and gave the company a “hold” rating in a research note on Thursday, October 24th. Wells Fargo & Company increased their target price on Stifel Financial from $113.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday. Citigroup boosted their target price on Stifel Financial from $90.00 to $102.00 and gave the stock a “neutral” rating in a research report on Friday, September 27th. StockNews.com downgraded shares of Stifel Financial from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Finally, Wolfe Research cut shares of Stifel Financial from an “outperform” rating to a “peer perform” rating in a report on Monday, July 22nd. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Stifel Financial has an average rating of “Hold” and an average price target of $103.17.

Stifel Financial Trading Up 0.3 %

NYSE SF opened at $115.57 on Friday. Stifel Financial Corp. has a one year low of $60.17 and a one year high of $118.12. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78. The firm has a market cap of $11.83 billion, a P/E ratio of 20.90 and a beta of 1.08. The stock’s 50-day moving average is $98.52 and its 200-day moving average is $88.18.

Stifel Financial (NYSE:SF) last posted its earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.10). The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.20 billion. Stifel Financial had a return on equity of 14.92% and a net margin of 12.98%. Stifel Financial’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.60 earnings per share. Sell-side analysts anticipate 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. Investors of record on Monday, December 2nd will be given a $0.42 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.68 annualized dividend and a yield of 1.45%. Stifel Financial’s dividend payout ratio is currently 30.38%.

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.