Comerica Bank lowered its stake in shares of Stifel Financial Corporation (NYSE:SF) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 78,546 shares of the financial services provider’s stock after selling 1,775 shares during the period. Comerica Bank owned 0.11% of Stifel Financial worth $5,204,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of SF. Public Employees Retirement System of Ohio raised its position in shares of Stifel Financial by 5.0% in the second quarter. Public Employees Retirement System of Ohio now owns 2,379 shares of the financial services provider’s stock worth $109,000 after buying an additional 113 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Stifel Financial in the third quarter worth $137,000. Shelton Capital Management purchased a new stake in shares of Stifel Financial in the second quarter worth $221,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Stifel Financial by 47.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,796 shares of the financial services provider’s stock worth $226,000 after buying an additional 1,226 shares in the last quarter. Finally, World Asset Management Inc purchased a new stake in shares of Stifel Financial in the third quarter worth $233,000. Hedge funds and other institutional investors own 88.28% of the company’s stock.
In other news, Vice Chairman Ben A. Plotkin sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $53.70, for a total transaction of $1,074,000.00. Following the transaction, the insider now directly owns 96,226 shares of the company’s stock, valued at $5,167,336.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Mark P. Fisher sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $52.30, for a total value of $261,500.00. Following the transaction, the vice president now directly owns 21,369 shares in the company, valued at $1,117,598.70. The disclosure for this sale can be found here. 3.60% of the stock is owned by corporate insiders.
A number of equities research analysts recently issued reports on SF shares. Nomura increased their price objective on Stifel Financial from $56.00 to $58.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 31st. Wells Fargo & Co upgraded Stifel Financial from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $56.00 to $64.00 in a research report on Friday, December 1st. Instinet upgraded Stifel Financial from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 3rd. Zacks Investment Research downgraded Stifel Financial from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Finally, Goldman Sachs Group upgraded Stifel Financial from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $56.00 to $77.00 in a research report on Monday, January 8th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Stifel Financial has a consensus rating of “Buy” and an average target price of $67.67.
Stifel Financial Corporation (NYSE:SF) opened at $60.97 on Wednesday. The company has a market capitalization of $4,125.15, a price-to-earnings ratio of 28.49, a P/E/G ratio of 0.98 and a beta of 1.69. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.67 and a quick ratio of 0.61. Stifel Financial Corporation has a 12 month low of $41.93 and a 12 month high of $68.76.
Stifel Financial (NYSE:SF) last released its earnings results on Tuesday, January 30th. The financial services provider reported $1.47 EPS for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.55. The business had revenue of $804.10 million for the quarter, compared to analysts’ expectations of $745.44 million. Stifel Financial had a return on equity of 12.05% and a net margin of 6.25%. The firm’s revenue was up 21.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.68 earnings per share. equities analysts forecast that Stifel Financial Corporation will post 5.1 EPS for the current year.
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Stifel Financial Company Profile
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. It operates through three segments: Global Wealth Management, Institutional Group and Other. The Global Wealth Management segment consists of the Private Client Group and Stifel Bank businesses.
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