Commerce Bank Makes New $1.46 Million Investment in Stifel Financial Corporation $SF

Commerce Bank purchased a new stake in Stifel Financial Corporation (NYSE:SF) in the 2nd quarter, according to its most recent filing with the SEC. The fund purchased 20,932 shares of the financial services provider’s stock, valued at approximately $1,460,000.

A number of other large investors also recently made changes to their positions in the business. Brown Brothers Harriman & Co. grew its position in shares of Stifel Financial by 15.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 811 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 106 shares during the period. Steward Partners Investment Advisory LLC increased its stake in Stifel Financial by 0.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 23,449 shares of the financial services provider’s stock valued at $2,936,000 after purchasing an additional 114 shares during the last quarter. Principal Securities Inc. lifted its position in Stifel Financial by 6.9% during the fourth quarter. Principal Securities Inc. now owns 1,926 shares of the financial services provider’s stock worth $241,000 after buying an additional 124 shares during the period. Clark Capital Management Group Inc. lifted its position in Stifel Financial by 3.8% during the third quarter. Clark Capital Management Group Inc. now owns 3,642 shares of the financial services provider’s stock worth $413,000 after buying an additional 134 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its stake in Stifel Financial by 1.8% in the 4th quarter. Crossmark Global Holdings Inc. now owns 7,811 shares of the financial services provider’s stock worth $978,000 after buying an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Stifel Financial Price Performance

Shares of Stifel Financial stock opened at $79.72 on Wednesday. The business’s fifty day moving average price is $78.46 and its 200 day moving average price is $76.37. Stifel Financial Corporation has a twelve month low of $67.81 and a twelve month high of $89.83. The company has a current ratio of 0.88, a quick ratio of 0.83 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $12.04 billion, a P/E ratio of 14.27 and a beta of 0.99.

Stifel Financial (NYSE:SF) last announced its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 EPS for the quarter, topping the consensus estimate of $1.33 by $0.09. The company had revenue of $1.45 billion during 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%.The firm’s revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.71 earnings per share. As a group, research analysts anticipate that Stifel Financial Corporation will post 6.36 earnings per share for the current year.

Stifel Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.34 per share. The ex-dividend date is Tuesday, September 1st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.7%. Stifel Financial’s payout ratio is presently 24.33%.

Insider Activity

In related news, Director Maryam S. Brown sold 4,700 shares of the stock in a transaction that occurred 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 completion of the sale, the director owned 5,729 shares of the company’s stock, valued at approximately $453,736.80. This represents a 45.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.36% of the company’s stock.

Analyst Upgrades and Downgrades

SF has been the subject of several recent analyst reports. Wall Street Zen cut Stifel Financial from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. Zacks Research upgraded shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. UBS Group set a $90.00 target price on shares of Stifel Financial in a research report on Thursday, July 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Stifel Financial in a report on Friday, May 29th. Finally, JPMorgan Chase & Co. upped their price target on shares of Stifel Financial from $80.00 to $86.00 and gave the stock a “neutral” rating in a research report on Thursday, July 23rd. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $91.90.

About Stifel Financial

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.