Curi RMB Capital LLC Grows Stock Holdings in Stifel Financial Corp. (NYSE:SF)

Curi RMB Capital LLC raised its holdings in Stifel Financial Corp. (NYSE:SF - Free Report) by 15.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 69,301 shares of the financial services provider's stock after purchasing an additional 9,396 shares during the quarter. Curi RMB Capital LLC owned 0.07% of Stifel Financial worth $6,507,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Stifel Financial by 3.9% in the first quarter. Vanguard Group Inc. now owns 10,461,734 shares of the financial services provider's stock worth $817,794,000 after purchasing an additional 391,384 shares during the last quarter. Los Angeles Capital Management LLC boosted its position in shares of Stifel Financial by 929.9% during the 2nd 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 stake in 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 period. Renaissance Technologies LLC acquired a new stake in shares of Stifel Financial during the 2nd quarter worth approximately $7,415,000. Finally, Castleark Management LLC bought a new stake in shares of Stifel Financial in the 1st quarter valued at $5,430,000. Institutional investors own 82.01% of the company's stock.

Insider Transactions at Stifel Financial

In other Stifel Financial news, COO David D. Sliney sold 25,000 shares of the stock in a transaction 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 completion of the transaction, the chief operating officer now owns 159,619 shares in the company, valued at approximately $18,544,535.42. This represents a 13.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 4.57% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on SF shares. The Goldman Sachs Group lifted their price target on shares of Stifel Financial from $85.00 to $94.00 and gave the company a "neutral" rating in a research note on Thursday, September 26th. TD Cowen upped their price target on Stifel Financial from $100.00 to $105.00 and gave the stock a "hold" rating in a research note on Thursday, October 24th. Wolfe Research cut Stifel Financial from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 22nd. StockNews.com lowered shares of Stifel Financial from a "buy" rating to a "hold" rating in a research note on Thursday, October 3rd. Finally, Wells Fargo & Company raised their price objective on shares of Stifel Financial from $113.00 to $130.00 and gave the company an "overweight" rating in a research note on Wednesday. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $103.17.

Stifel Financial Price Performance

Shares of SF stock traded down $1.13 during trading hours on Friday, reaching $114.44. The stock had a trading volume of 955,953 shares, compared to its average volume of 570,752. The stock's fifty day simple moving average is $99.14 and its 200 day simple moving average is $88.41. The firm has a market capitalization of $11.71 billion, a PE ratio of 20.69 and a beta of 1.08. Stifel Financial Corp. has a 12 month low of $60.17 and a 12 month high of $118.12. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.27.

Stifel Financial (NYSE:SF - Get Free Report) 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). Stifel Financial had a net margin of 12.98% and a return on equity of 14.92%. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the business posted $0.60 EPS. Stifel Financial's quarterly revenue was up 17.2% on a year-over-year basis. On average, equities research analysts predict that Stifel Financial Corp. will post 6.44 EPS for the current year.

Stifel Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Monday, December 2nd. Stifel Financial's dividend payout ratio is presently 30.38%.

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.