PNC Financial Services Group Inc. cut its stake in Stifel Financial Corp. (NYSE:SF) by 2.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,788 shares of the financial services provider’s stock after selling 249 shares during the period. PNC Financial Services Group Inc.’s holdings in Stifel Financial Corp. were worth $371,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SF. Aperio Group LLC increased its position in Stifel Financial Corp. by 53.9% in the first quarter. Aperio Group LLC now owns 16,715 shares of the financial services provider’s stock valued at $495,000 after buying an additional 5,853 shares during the period. Teachers Advisors Inc. increased its position in Stifel Financial Corp. by 0.5% in the first quarter. Teachers Advisors Inc. now owns 99,129 shares of the financial services provider’s stock valued at $2,934,000 after buying an additional 490 shares during the period. Prudential Financial Inc. increased its position in shares of Stifel Financial Corp. by 192.6% in the first quarter. Prudential Financial Inc. now owns 775,754 shares of the financial services provider’s stock valued at $22,962,000 after buying an additional 510,600 shares during the last quarter. BlackRock Inc. increased its position in shares of Stifel Financial Corp. by 7.7% in the first quarter. BlackRock Inc. now owns 28,124 shares of the financial services provider’s stock valued at $833,000 after buying an additional 2,008 shares during the last quarter. Finally, BlackRock Group LTD increased its position in shares of Stifel Financial Corp. by 34.9% in the first quarter. BlackRock Group LTD now owns 50,198 shares of the financial services provider’s stock valued at $1,486,000 after buying an additional 12,988 shares during the last quarter. 85.21% of the stock is owned by institutional investors.
Stifel Financial Corp. (NYSE:SF) traded up 0.56% during mid-day trading on Wednesday, hitting $37.57. 184,236 shares of the stock traded hands. The company has a market cap of $2.49 billion, a P/E ratio of 44.57 and a beta of 1.64. The company’s 50 day moving average is $37.97 and its 200 day moving average is $34.29. Stifel Financial Corp. has a 12 month low of $25.00 and a 12 month high of $47.17.
Stifel Financial Corp. (NYSE:SF) last released its quarterly earnings data on Tuesday, August 2nd. The financial services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.11. Stifel Financial Corp. had a net margin of 2.67% and a return on equity of 6.52%. The firm earned $652.10 million during the quarter, compared to analysts’ expectations of $615.82 million. During the same period in the previous year, the company earned $0.71 earnings per share. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. On average, analysts expect that Stifel Financial Corp. will post $2.54 earnings per share for the current fiscal year.
SF has been the subject of several analyst reports. Nomura reissued a “buy” rating on shares of Stifel Financial Corp. in a report on Monday, July 11th. Zacks Investment Research raised shares of Stifel Financial Corp. from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 7th. Finally, Macquarie raised their price target on shares of Stifel Financial Corp. from $39.00 to $44.00 and gave the company an “outperform” rating in a report on Friday, September 9th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $38.29.
In other news, Director Allen Brautigam sold 2,725 shares of the business’s stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $36.94, for a total transaction of $100,661.50. Following the completion of the transaction, the director now directly owns 35,268 shares of the company’s stock, valued at $1,302,799.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.14% of the company’s stock.
About Stifel Financial Corp.
Stifel Financial Corp. is a financial holding company. Its principal subsidiary is Stifel, Nicolaus & Company, Incorporated, a retail and institutional wealth management and investment banking firm. Its principal activities are private client services, including securities transaction and financial planning services; institutional equity and fixed income sales, trading, research and municipal finance; investment banking services, including mergers and acquisitions, public offerings and private placements, and retail and commercial banking, including personal and commercial lending programs.
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