Chase Investment Counsel Corp Purchases Shares of 40,923 Stifel Financial Corp. (NYSE:SF)

Chase Investment Counsel Corp purchased a new position in shares of Stifel Financial Corp. (NYSE:SF - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 40,923 shares of the financial services provider's stock, valued at approximately $3,443,000.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Stifel Financial by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 10,461,734 shares of the financial services provider's stock worth $817,794,000 after acquiring an additional 391,384 shares during the last quarter. Los Angeles Capital Management LLC grew its stake in Stifel Financial by 929.9% in the second quarter. Los Angeles Capital Management LLC now owns 296,574 shares of the financial services provider's stock valued at $24,957,000 after purchasing an additional 267,777 shares in the last quarter. Earnest Partners LLC lifted its position in shares of Stifel Financial by 7.0% in the first quarter. Earnest Partners LLC now owns 2,932,059 shares of the financial services provider's stock valued at $229,199,000 after buying an additional 191,896 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Stifel Financial by 12.8% in the 1st quarter. Principal Financial Group Inc. now owns 1,332,258 shares of the financial services provider's stock valued at $104,143,000 after acquiring an additional 151,046 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of Stifel Financial in the 2nd quarter valued at $7,415,000. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Stifel Financial Stock Up 0.3 %

SF traded up $0.24 during midday trading on Monday, hitting $93.90. 503,222 shares of the company's stock traded hands, compared to its average volume of 567,043. Stifel Financial Corp. has a one year low of $54.81 and a one year high of $94.18. The stock's fifty day simple moving average is $86.28 and its 200-day simple moving average is $82.06. The company has a market cap of $9.62 billion, a PE ratio of 21.34 and a beta of 1.09. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.80.

Stifel Financial (NYSE:SF - Get Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $1.60 EPS for the quarter, beating analysts' consensus estimates of $1.54 by $0.06. Stifel Financial had a return on equity of 13.24% and a net margin of 11.59%. The company had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.18 billion. During the same period in the prior year, the business posted $1.20 EPS. Stifel Financial's revenue was up 15.9% on a year-over-year basis. As a group, equities analysts anticipate that Stifel Financial Corp. will post 6.55 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.42 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $1.68 annualized dividend and a dividend yield of 1.79%. Stifel Financial's dividend payout ratio is 38.18%.

Wall Street Analyst Weigh In

SF has been the topic of several recent research reports. Citigroup increased 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. Wolfe Research downgraded shares of Stifel Financial from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 22nd. The Goldman Sachs Group increased their price target on shares of Stifel Financial from $85.00 to $94.00 and gave the company a "neutral" rating in a report on Thursday. StockNews.com downgraded shares of Stifel Financial from a "buy" rating to a "hold" rating in a research note on Friday, September 20th. Finally, Wells Fargo & Company initiated coverage on shares of Stifel Financial in a report on Thursday, September 12th. They issued an "overweight" rating and a $101.00 price target on the stock. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $94.67.

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.