Chase Investment Counsel Corp Has $3.94 Million Stock Position in Stifel Financial Corp. (NYSE:SF)

Chase Investment Counsel Corp increased its holdings in shares of Stifel Financial Corp. (NYSE:SF) by 2.6% during the third quarter, Holdings Channel.com reports. The fund owned 42,003 shares of the financial services provider’s stock after purchasing an additional 1,080 shares during the quarter. Chase Investment Counsel Corp’s holdings in Stifel Financial were worth $3,944,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of SF. Versant Capital Management Inc raised its stake in Stifel Financial by 1,818.8% in the second quarter. Versant Capital Management Inc now owns 307 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 291 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Stifel Financial in the 1st quarter valued at approximately $33,000. Waldron Private Wealth LLC bought a new stake in shares of Stifel Financial during the 3rd quarter worth approximately $34,000. GAMMA Investing LLC boosted its position in shares of Stifel Financial by 27.7% during the 3rd quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 109 shares in the last quarter. Finally, Bessemer Group Inc. increased its stake in Stifel Financial by 388.3% in the first quarter. Bessemer Group Inc. now owns 796 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 633 shares during the last quarter. Institutional investors and hedge funds own 82.01% of the company’s stock.

Stifel Financial Stock Down 1.0 %

Shares of NYSE:SF opened at $116.36 on Wednesday. The business has a fifty day simple moving average of $97.31 and a 200 day simple moving average of $87.80. Stifel Financial Corp. has a 12-month low of $59.25 and a 12-month high of $118.12. The firm has a market cap of $11.91 billion, a P/E ratio of 21.04 and a beta of 1.08. 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 (NYSE:SF) last posted its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.10). The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.20 billion. Stifel Financial had a return on equity of 14.92% and a net margin of 12.98%. Stifel Financial’s revenue was up 17.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 earnings per share. Analysts predict that Stifel Financial Corp. will post 6.44 earnings per share for the current year.

Stifel Financial Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have weighed in on SF. TD Cowen upped their target price 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 report on Monday, July 22nd. 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 report on Thursday, September 26th. Citigroup raised their target price on shares of Stifel Financial from $90.00 to $102.00 and gave the company a “neutral” rating in a research report on Friday, September 27th. Finally, StockNews.com cut Stifel Financial from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus 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.