Earnest Partners LLC cut its holdings in Stifel Financial Corp (NYSE:SF) by 1.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,606,113 shares of the financial services provider’s stock after selling 22,680 shares during the period. Earnest Partners LLC owned 2.26% of Stifel Financial worth $83,919,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Fox Run Management L.L.C. purchased a new position in Stifel Financial in the 2nd quarter worth approximately $294,000. Fort Washington Investment Advisors Inc. OH raised its holdings in shares of Stifel Financial by 22.2% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 303,039 shares of the financial services provider’s stock worth $15,834,000 after acquiring an additional 55,000 shares in the last quarter. Stevens Capital Management LP raised its holdings in shares of Stifel Financial by 139.9% during the 2nd quarter. Stevens Capital Management LP now owns 33,369 shares of the financial services provider’s stock worth $1,744,000 after acquiring an additional 19,459 shares in the last quarter. GSA Capital Partners LLP raised its holdings in shares of Stifel Financial by 28.8% during the 2nd quarter. GSA Capital Partners LLP now owns 39,806 shares of the financial services provider’s stock worth $2,080,000 after acquiring an additional 8,893 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Stifel Financial by 1.0% during the 1st quarter. Northern Trust Corp now owns 1,532,786 shares of the financial services provider’s stock worth $90,787,000 after acquiring an additional 15,198 shares in the last quarter. 89.79% of the stock is currently owned by institutional investors.
Several analysts have recently issued reports on the company. ValuEngine cut Stifel Financial from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Zacks Investment Research raised Stifel Financial from a “sell” rating to a “buy” rating and set a $67.00 price objective on the stock in a report on Wednesday, June 6th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $72.75.
NYSE SF opened at $55.62 on Wednesday. The company has a market cap of $3.98 billion, a PE ratio of 13.94, a P/E/G ratio of 0.89 and a beta of 1.85. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.62 and a current ratio of 0.70. Stifel Financial Corp has a fifty-two week low of $44.44 and a fifty-two week high of $68.76.
Stifel Financial (NYSE:SF) last released its earnings results on Monday, July 30th. The financial services provider reported $1.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.07. The firm had revenue of $742.70 million for the quarter, compared to the consensus estimate of $745.62 million. Stifel Financial had a return on equity of 13.91% and a net margin of 7.97%. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.90 EPS. equities analysts expect that Stifel Financial Corp will post 5.21 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 17th. Stockholders of record on Tuesday, September 4th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Friday, August 31st. Stifel Financial’s dividend payout ratio is currently 12.03%.
In other news, insider Victor Nesi sold 1,250 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $55.02, for a total transaction of $68,775.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 3.86% of the company’s stock.
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, and rest of Europe. The company operates through three segments: Global Wealth Management, Institutional Group, and Other.
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