Smith Graham & Co. Investment Advisors LP reduced its stake in shares of Stifel Financial Corp. (NYSE:SF) by 0.5% during the second quarter, Holdings Channel reports. The firm owned 105,350 shares of the financial services provider’s stock after selling 520 shares during the period. Smith Graham & Co. Investment Advisors LP’s holdings in Stifel Financial Corp. were worth $3,313,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. 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 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 period. BlackRock Inc. increased its position in 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 period. Finally, BlackRock Group LTD increased its position in 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 period. Institutional investors and hedge funds own 85.21% of the company’s stock.
Shares of Stifel Financial Corp. (NYSE:SF) traded up 3.58% on Friday, reaching $38.45. 649,316 shares of the company were exchanged. Stifel Financial Corp. has a 12-month low of $25.00 and a 12-month high of $47.17. The firm has a market capitalization of $2.55 billion, a PE ratio of 45.61 and a beta of 1.64. The stock’s 50-day moving average is $38.07 and its 200 day moving average is $34.35.
Stifel Financial Corp. (NYSE:SF) last posted its earnings results on Tuesday, August 2nd. The financial services provider reported $0.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.11. The business earned $652.10 million during the quarter, compared to analyst estimates of $615.82 million. Stifel Financial Corp. had a return on equity of 6.52% and a net margin of 2.67%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.71 EPS. On average, analysts forecast that Stifel Financial Corp. will post $2.54 EPS for the current year.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Stifel Financial Corp. from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research report on Wednesday, June 8th. Nomura dropped their target price on shares of Stifel Financial Corp. from $44.00 to $43.00 and set a “buy” rating for the company in a report on Monday, July 11th. Finally, Macquarie increased their target price on shares of Stifel Financial Corp. from $39.00 to $44.00 and gave the stock 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. Stifel Financial Corp. presently 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 dated Tuesday, August 16th. The stock was 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 owns 35,268 shares of the company’s stock, valued at $1,302,799.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company 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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