Cramer Rosenthal Mcglynn LLC decreased its holdings in shares of Stifel Financial Corp (NYSE:SF) by 14.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 559,712 shares of the financial services provider’s stock after selling 93,562 shares during the quarter. Cramer Rosenthal Mcglynn LLC owned about 0.80% of Stifel Financial worth $33,057,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in shares of Stifel Financial by 10.2% in the fourth quarter. Geode Capital Management LLC now owns 772,102 shares of the financial services provider’s stock worth $31,979,000 after purchasing an additional 71,603 shares during the last quarter. Bank of Montreal Can lifted its stake in Stifel Financial by 454.3% in the first quarter. Bank of Montreal Can now owns 43,527 shares of the financial services provider’s stock valued at $2,296,000 after buying an additional 35,674 shares during the last quarter. First Republic Investment Management Inc. purchased a new stake in Stifel Financial in the first quarter valued at approximately $623,000. Rhumbline Advisers lifted its stake in Stifel Financial by 1.8% in the first quarter. Rhumbline Advisers now owns 219,637 shares of the financial services provider’s stock valued at $11,588,000 after buying an additional 3,980 shares during the last quarter. Finally, Comerica Bank lifted its stake in Stifel Financial by 3.9% in the first quarter. Comerica Bank now owns 50,556 shares of the financial services provider’s stock valued at $2,911,000 after buying an additional 1,903 shares during the last quarter. 87.54% of the stock is currently owned by institutional investors.
NYSE SF traded up $0.55 during trading hours on Friday, hitting $59.14. 1,584 shares of the company’s stock were exchanged, compared to its average volume of 320,231. The business’s 50 day moving average is $54.74 and its 200-day moving average is $56.31. Stifel Financial Corp has a 12-month low of $38.39 and a 12-month high of $61.94. The firm has a market capitalization of $4.06 billion, a P/E ratio of 11.21, a price-to-earnings-growth ratio of 1.71 and a beta of 1.88. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 0.74.
Stifel Financial (NYSE:SF) last released its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.07. Stifel Financial had a return on equity of 14.73% 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 quarter in the previous year, the firm posted $1.22 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Stifel Financial Corp will post 5.68 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Tuesday, September 3rd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.60 dividend on an annualized basis and a yield of 1.01%. Stifel Financial’s dividend payout ratio is currently 11.36%.
A number of equities research analysts have weighed in on the company. Compass Point assumed coverage on Stifel Financial in a research note on Thursday, May 30th. They issued a “buy” rating and a $65.00 price objective for the company. ValuEngine lowered Stifel Financial from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Finally, Zacks Investment Research raised Stifel Financial from a “sell” rating to a “hold” rating in a research note on Saturday, September 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $62.67.
In other Stifel Financial news, Director John P. Dubinsky sold 2,150 shares of Stifel Financial stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $56.79, for a total transaction of $122,098.50. Following the sale, the director now owns 25,306 shares of the company’s stock, valued at approximately $1,437,127.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Ben A. Plotkin sold 9,012 shares of Stifel Financial stock in a transaction on Monday, September 9th. The shares were sold at an average price of $55.73, for a total value of $502,238.76. Following the sale, the senior vice president now directly owns 97,728 shares in the company, valued at approximately $5,446,381.44. The disclosure for this sale can be found here. Insiders have sold a total of 22,162 shares of company stock valued at $1,254,697 in the last 90 days. Insiders own 3.77% of the company’s stock.
Stifel Financial 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, rest of Europe, and Asia. The company operates through three segments: Global Wealth Management, Institutional Group, and Other.
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