Earnest Partners LLC boosted its stake in Stifel Financial Corp (NYSE:SF) by 2.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 1,620,770 shares of the financial services provider’s stock after purchasing an additional 34,140 shares during the period. Earnest Partners LLC’s holdings in Stifel Financial were worth $95,723,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Prudential Financial Inc. increased its stake in shares of Stifel Financial by 70.5% in the 2nd quarter. Prudential Financial Inc. now owns 1,198,061 shares of the financial services provider’s stock worth $70,758,000 after purchasing an additional 495,421 shares in the last quarter. APG Asset Management N.V. bought a new position in shares of Stifel Financial during the 2nd quarter valued at about $19,894,000. Principal Financial Group Inc. boosted its holdings in shares of Stifel Financial by 99.4% during the 1st quarter. Principal Financial Group Inc. now owns 637,881 shares of the financial services provider’s stock valued at $33,655,000 after purchasing an additional 317,905 shares during the last quarter. AGF Investments Inc. boosted its holdings in shares of Stifel Financial by 172.0% during the 2nd quarter. AGF Investments Inc. now owns 190,414 shares of the financial services provider’s stock valued at $11,246,000 after purchasing an additional 120,414 shares during the last quarter. Finally, Panagora Asset Management Inc. boosted its holdings in shares of Stifel Financial by 1,953.7% during the 2nd quarter. Panagora Asset Management Inc. now owns 97,326 shares of the financial services provider’s stock valued at $5,748,000 after purchasing an additional 92,587 shares during the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.
Several research firms have commented on SF. Zacks Investment Research raised shares of Stifel Financial from a “sell” rating to a “hold” rating in a report on Saturday, September 7th. Compass Point initiated coverage on shares of Stifel Financial in a report on Thursday, May 30th. They issued a “buy” rating and a $65.00 price target for the company. Finally, ValuEngine downgraded shares of Stifel Financial from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $62.67.
Shares of NYSE:SF opened at $59.21 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69. Stifel Financial Corp has a 12 month low of $38.39 and a 12 month high of $61.94. The company has a 50-day moving average price of $54.74 and a 200 day moving average price of $56.31. The company has a market cap of $4.06 billion, a price-to-earnings ratio of 11.21, a PEG ratio of 1.71 and a beta of 1.88.
Stifel Financial (NYSE:SF) last announced its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $1.41 EPS for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.07. Stifel Financial had a net margin of 13.73% and a return on equity of 14.73%. The firm had revenue of $800.80 million during the quarter, compared to the consensus estimate of $780.94 million. During the same quarter last year, the firm earned $1.22 EPS. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, equities analysts forecast that Stifel Financial Corp will post 5.68 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.01%. The ex-dividend date is Friday, August 30th. Stifel Financial’s payout ratio is currently 11.36%.
In other news, insider Victor Nesi sold 1,415 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $60.12, for a total transaction of $85,069.80. Following the transaction, the insider now directly owns 179,910 shares of the company’s stock, valued at $10,816,189.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John P. Dubinsky sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 19th. The stock was sold at an average price of $57.25, for a total transaction of $114,500.00. Following the transaction, the director now directly owns 28,956 shares in the company, valued at $1,657,731. The disclosure for this sale can be found here. In the last three months, insiders sold 22,162 shares of company stock valued at $1,254,697. 3.77% of the stock is owned by insiders.
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, the United Kingdom, rest of Europe, and Asia. The company operates through three segments: Global Wealth Management, Institutional Group, and Other.
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