Lingohr & Partner Asset Management GmbH bought a new stake in Stifel Financial Corp (NYSE:SF) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 21,400 shares of the financial services provider’s stock, valued at approximately $1,097,000.
Other institutional investors have also added to or reduced their stakes in the company. Mount Yale Investment Advisors LLC acquired a new stake in Stifel Financial in the first quarter valued at $117,000. Private Capital Group LLC lifted its holdings in Stifel Financial by 11,810.0% in the first quarter. Private Capital Group LLC now owns 2,382 shares of the financial services provider’s stock valued at $141,000 after acquiring an additional 2,362 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in Stifel Financial in the second quarter valued at $205,000. First Republic Investment Management Inc. acquired a new stake in Stifel Financial in the second quarter valued at $220,000. Finally, Point72 Hong Kong Ltd acquired a new stake in Stifel Financial in the second quarter valued at $225,000. 89.79% of the stock is owned by institutional investors.
A number of research firms have commented on SF. ValuEngine raised Stifel Financial from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. Zacks Investment Research raised Stifel Financial from a “sell” rating to a “buy” rating and set a $62.00 price target for the company in a research note on Friday, August 3rd. Wolfe Research initiated coverage on Stifel Financial in a research note on Tuesday, September 25th. They set a “market perform” rating and a $63.00 price target for the company. JMP Securities raised Stifel Financial from a “market perform” rating to an “outperform” rating in a research note on Wednesday, October 3rd. Finally, Stifel Nicolaus raised Stifel Financial to an “outperform” rating in a research note on Wednesday, October 3rd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $70.80.
In related news, insider Victor Nesi sold 1,250 shares of Stifel Financial stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Frederick O. Hanser sold 10,000 shares of Stifel Financial stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $54.42, for a total value of $544,200.00. Following the sale, the director now owns 40,905 shares of the company’s stock, valued at approximately $2,226,050.10. The disclosure for this sale can be found here. Insiders own 3.86% of the company’s stock.
NYSE:SF opened at $47.84 on Friday. The firm has a market cap of $3.65 billion, a PE ratio of 12.27, a PEG ratio of 0.82 and a beta of 1.87. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.70 and a quick ratio of 0.62. Stifel Financial Corp has a 52-week low of $47.29 and a 52-week high of $68.76.
Stifel Financial (NYSE:SF) last released its quarterly earnings results on Monday, July 30th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.07. The business had revenue of $742.70 million during 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 business’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.90 EPS. On average, analysts expect that Stifel Financial Corp will post 5.21 EPS for the current fiscal year.
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, and rest of Europe. The company operates through three segments: Global Wealth Management, Institutional Group, and Other.
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