Chase Investment Counsel Corp Buys 1,080 Shares of Stifel Financial Corp. (NYSE:SF)

Chase Investment Counsel Corp increased its stake in Stifel Financial Corp. (NYSE:SF) by 2.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,003 shares of the financial services provider’s stock after purchasing an additional 1,080 shares during the period. Chase Investment Counsel Corp’s holdings in Stifel Financial were worth $3,944,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in shares of Stifel Financial by 27.7% in the 3rd quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 109 shares during the last quarter. Tributary Capital Management LLC boosted its stake in Stifel Financial by 1.0% in the third quarter. Tributary Capital Management LLC now owns 12,603 shares of the financial services provider’s stock valued at $1,183,000 after acquiring an additional 126 shares during the last quarter. CWM LLC grew its holdings in Stifel Financial by 3.8% during the 3rd quarter. CWM LLC now owns 3,940 shares of the financial services provider’s stock worth $370,000 after acquiring an additional 145 shares during the period. Delphi Management Inc. MA raised its position in shares of Stifel Financial by 0.8% during the 2nd quarter. Delphi Management Inc. MA now owns 22,778 shares of the financial services provider’s stock valued at $1,917,000 after acquiring an additional 176 shares during the last quarter. Finally, Busey Bank lifted its stake in shares of Stifel Financial by 7.0% in the 3rd quarter. Busey Bank now owns 3,006 shares of the financial services provider’s stock valued at $282,000 after purchasing an additional 196 shares during the period. Institutional investors and hedge funds own 82.01% of the company’s stock.

Stifel Financial Price Performance

NYSE SF opened at $116.36 on Wednesday. The firm’s 50 day moving average is $97.31 and its 200-day moving average is $87.80. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. Stifel Financial Corp. has a 12-month low of $59.25 and a 12-month high of $118.12. The company has a market capitalization of $11.91 billion, a PE ratio of 21.04 and a beta of 1.08.

Stifel Financial (NYSE:SF) last released its earnings results 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 the consensus estimate of $1.20 billion. Stifel Financial had a return on equity of 14.92% and a net margin of 12.98%. The business’s revenue was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.60 EPS. Equities research analysts anticipate that Stifel Financial Corp. will post 6.44 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.42 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.68 annualized dividend and a dividend yield of 1.44%. Stifel Financial’s dividend payout ratio is presently 30.38%.

Analyst Ratings Changes

A number of brokerages recently commented on SF. Wells Fargo & Company lifted their price objective on Stifel Financial from $108.00 to $113.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. TD Cowen upped 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. Wolfe Research lowered shares of Stifel Financial from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 22nd. The Goldman Sachs Group boosted their price objective on shares of Stifel Financial from $85.00 to $94.00 and gave the company a “neutral” rating in a report on Thursday, September 26th. Finally, JMP Securities increased their target price on shares of Stifel Financial from $105.00 to $110.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 9th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Stifel Financial currently has an average rating of “Hold” and an average price target of $100.33.

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.