NJ State Employees Deferred Compensation Plan cut its stake in shares of Stifel Financial Corp (NYSE:SF) by 33.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,000 shares of the financial services provider’s stock after selling 2,000 shares during the quarter. NJ State Employees Deferred Compensation Plan’s holdings in Stifel Financial were worth $236,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Convergence Investment Partners LLC acquired a new position in shares of Stifel Financial in the 2nd quarter valued at about $767,000. New York State Teachers Retirement System lifted its stake in shares of Stifel Financial by 10.3% in the 2nd quarter. New York State Teachers Retirement System now owns 107,400 shares of the financial services provider’s stock valued at $6,343,000 after purchasing an additional 10,000 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in shares of Stifel Financial by 1.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 28,889 shares of the financial services provider’s stock valued at $1,706,000 after purchasing an additional 411 shares during the period. First National Bank of Omaha lifted its stake in shares of Stifel Financial by 2.7% in the 2nd quarter. First National Bank of Omaha now owns 41,882 shares of the financial services provider’s stock valued at $2,474,000 after purchasing an additional 1,085 shares during the period. Finally, Oliver Luxxe Assets LLC lifted its stake in shares of Stifel Financial by 14.3% in the 2nd quarter. Oliver Luxxe Assets LLC now owns 15,070 shares of the financial services provider’s stock valued at $888,000 after purchasing an additional 1,885 shares during the period. 86.31% of the stock is currently owned by hedge funds and other institutional investors.
Stifel Financial stock traded down $2.39 during midday trading on Monday, reaching $53.88. The stock had a trading volume of 11,552 shares, compared to its average volume of 393,883. Stifel Financial Corp has a 12 month low of $38.39 and a 12 month high of $61.94. The company has a market cap of $3.87 billion, a P/E ratio of 10.41, a P/E/G ratio of 1.65 and a beta of 1.84. The business has a fifty day moving average price of $58.47. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.72 and a quick ratio of 0.65.
Stifel Financial (NYSE:SF) last issued its earnings results on Tuesday, July 30th. The financial services provider reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.07. Stifel Financial had a return on equity of 14.87% and a net margin of 13.73%. The business had revenue of $800.80 million during the quarter, compared to analyst estimates of $780.94 million. During the same period in the previous year, the company posted $1.22 EPS. The firm’s revenue was up 7.8% compared to the same quarter last year. On average, equities analysts expect that Stifel Financial Corp will post 5.68 EPS for the current year.
SF has been the topic of a number of recent analyst reports. Compass Point initiated coverage on Stifel Financial in a research note on Thursday, May 30th. They issued a “buy” rating and a $65.00 price objective on the stock. Zacks Investment Research raised Stifel Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, July 16th. JMP Securities boosted their price objective on Stifel Financial from $61.00 to $65.00 and gave the company a “market outperform” rating in a research note on Monday, April 8th. ValuEngine downgraded Stifel Financial from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, Goldman Sachs Group raised Stifel Financial from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $55.00 to $70.00 in a research note on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $62.67.
In related news, Director James M. Oates sold 20,000 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $58.61, for a total value of $1,172,200.00. Following the completion of the sale, the director now directly owns 17,397 shares of the company’s stock, valued at approximately $1,019,638.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Victor Nesi sold 1,415 shares of the business’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $60.12, for a total value of $85,069.80. Following the completion of the sale, the insider now directly owns 179,910 shares of the company’s stock, valued at $10,816,189.20. The disclosure for this sale can be found here. Insiders sold a total of 28,250 shares of company stock valued at $1,656,920 over the last ninety days. 3.77% of the stock is currently owned by corporate insiders.
About Stifel Financial
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, rest of Europe, and Asia. The company operates through three segments: Global Wealth Management, Institutional Group, and Other.
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