42,008 Shares in Stifel Financial Corp. (NYSE:SF) Bought by Chase Investment Counsel Corp

Chase Investment Counsel Corp purchased a new stake in Stifel Financial Corp. (NYSE:SF) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 42,008 shares of the financial services provider’s stock, valued at approximately $3,724,000. Stifel Financial makes up about 1.1% of Chase Investment Counsel Corp’s investment portfolio, making the stock its 27th largest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in SF. Steward Partners Investment Advisory LLC increased its position in shares of Stifel Financial by 0.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 22,537 shares of the financial services provider’s stock worth $1,558,000 after acquiring an additional 141 shares in the last quarter. Boston Partners boosted its position in shares of Stifel Financial by 0.5% during the fourth quarter. Boston Partners now owns 37,765 shares of the financial services provider’s stock valued at $2,611,000 after buying an additional 199 shares during the last quarter. Versant Capital Management Inc grew its holdings in Stifel Financial by 1,818.8% during the second quarter. Versant Capital Management Inc now owns 307 shares of the financial services provider’s stock worth $26,000 after buying an additional 291 shares in the last quarter. Fulton Bank N.A. raised its position in Stifel Financial by 7.6% in the 1st quarter. Fulton Bank N.A. now owns 5,175 shares of the financial services provider’s stock valued at $405,000 after buying an additional 366 shares during the last quarter. Finally, Delphi Management Inc. MA lifted its stake in Stifel Financial by 1.7% during the 1st quarter. Delphi Management Inc. MA now owns 22,602 shares of the financial services provider’s stock valued at $1,767,000 after acquiring an additional 385 shares in the last quarter. Institutional investors own 82.01% of the company’s stock.

Stifel Financial Price Performance

Shares of SF stock traded up $0.05 during trading hours on Thursday, reaching $85.09. The stock had a trading volume of 50,603 shares, compared to its average volume of 581,016. The stock’s fifty day simple moving average is $84.21 and its 200 day simple moving average is $80.32. The firm has a market capitalization of $8.72 billion, a PE ratio of 19.38 and a beta of 1.09. Stifel Financial Corp. has a 12 month low of $54.81 and a 12 month high of $90.00. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 0.38.

Stifel Financial (NYSE:SF) last posted its earnings results on Wednesday, July 24th. The financial services provider reported $1.60 EPS for the quarter, topping the consensus estimate of $1.54 by $0.06. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Stifel Financial had a return on equity of 13.24% and a net margin of 11.59%. The firm’s revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.20 earnings per share. On average, equities research analysts predict that Stifel Financial Corp. will post 6.55 EPS for the current year.

Stifel Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $1.68 annualized dividend and a dividend yield of 1.97%. Stifel Financial’s dividend payout ratio (DPR) is presently 38.18%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SF. Wolfe Research downgraded Stifel Financial from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 22nd. StockNews.com lowered Stifel Financial from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. Finally, TD Cowen boosted their price target on shares of Stifel Financial from $85.00 to $88.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $83.50.

About Stifel Financial

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.