GW&K Investment Management LLC boosted its holdings in Stifel Financial Corp (NYSE:SF) by 12.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 627,525 shares of the financial services provider’s stock after purchasing an additional 68,507 shares during the quarter. GW&K Investment Management LLC owned 0.90% of Stifel Financial worth $36,007,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of SF. Northern Trust Corp raised its position in shares of Stifel Financial by 1.5% in the 2nd quarter. Northern Trust Corp now owns 1,660,653 shares of the financial services provider’s stock valued at $98,077,000 after buying an additional 24,677 shares in the last quarter. Earnest Partners LLC raised its position in shares of Stifel Financial by 2.2% in the 2nd quarter. Earnest Partners LLC now owns 1,620,770 shares of the financial services provider’s stock valued at $95,723,000 after buying an additional 34,140 shares in the last quarter. Invesco Ltd. raised its position in shares of Stifel Financial by 79.1% in the 2nd quarter. Invesco Ltd. now owns 1,476,082 shares of the financial services provider’s stock valued at $87,177,000 after buying an additional 651,701 shares in the last quarter. Prudential Financial Inc. raised its position 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 valued at $70,758,000 after buying an additional 495,421 shares in the last quarter. Finally, Nuveen Asset Management LLC acquired a new position in shares of Stifel Financial in the 2nd quarter valued at approximately $42,459,000. Institutional investors and hedge funds own 86.29% of the company’s stock.
In other Stifel Financial news, VP Mark P. Fisher sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $59.33, for a total transaction of $593,300.00. Following the sale, the vice president now directly owns 24,911 shares of the company’s stock, valued at approximately $1,477,969.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Allen Brautigam sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $59.63, for a total transaction of $59,630.00. Following the sale, the director now directly owns 31,171 shares in the company, valued at $1,858,726.73. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,298 shares of company stock valued at $2,108,617. 3.77% of the stock is owned by corporate insiders.
SF stock traded up $0.30 during trading on Friday, reaching $60.80. 225,011 shares of the company were exchanged, compared to its average volume of 432,282. The company has a 50-day moving average of $55.92 and a two-hundred day moving average of $56.56. The company has a market capitalization of $4.20 billion, a price-to-earnings ratio of 11.52, a P/E/G ratio of 1.77 and a beta of 1.88. Stifel Financial Corp has a twelve month low of $38.39 and a twelve month high of $61.94. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.74 and a quick ratio of 0.67.
Stifel Financial (NYSE:SF) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.03. The business had revenue of $821.50 million during the quarter, compared to analysts’ expectations of $798.53 million. Stifel Financial had a net margin of 13.55% and a return on equity of 14.84%. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.35 EPS.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Friday, November 29th. Stifel Financial’s dividend payout ratio is 11.36%.
SF has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Stifel Financial from a “sell” rating to a “hold” rating in a research report on Saturday, September 7th. ValuEngine cut shares of Stifel Financial from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $62.60.
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, 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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