RMB Capital Management LLC Reduces Stock Holdings in Stifel Financial Corp (NYSE:SF)

RMB Capital Management LLC trimmed its holdings in shares of Stifel Financial Corp (NYSE:SF) by 0.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,942 shares of the financial services provider’s stock after selling 416 shares during the quarter. RMB Capital Management LLC’s holdings in Stifel Financial were worth $3,304,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Pearl River Capital LLC purchased a new position in Stifel Financial during the 2nd quarter worth $46,000. First Mercantile Trust Co. grew its stake in Stifel Financial by 14.1% during the 2nd quarter. First Mercantile Trust Co. now owns 2,499 shares of the financial services provider’s stock valued at $148,000 after purchasing an additional 309 shares during the last quarter. Magnus Financial Group LLC purchased a new stake in Stifel Financial during the 2nd quarter valued at about $207,000. Landscape Capital Management L.L.C. purchased a new stake in Stifel Financial during the 2nd quarter valued at about $214,000. Finally, Advisor Partners LLC purchased a new stake in Stifel Financial during the 2nd quarter valued at about $220,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Several research firms have weighed in on SF. ValuEngine downgraded Stifel Financial from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Zacks Investment Research upgraded Stifel Financial from a “sell” rating to a “hold” rating in a research note on Saturday, September 7th. Finally, Compass Point began coverage on Stifel Financial in a research note on Thursday, May 30th. They set a “buy” rating and a $65.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. Stifel Financial has a consensus rating of “Buy” and an average price target of $62.67.

In related news, SVP Ben A. Plotkin sold 9,012 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $55.73, for a total value of $502,238.76. Following the completion of the transaction, the senior vice president now owns 97,728 shares of the company’s stock, valued at approximately $5,446,381.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John P. Dubinsky sold 2,000 shares of the company’s stock in a transaction dated Wednesday, June 19th. The stock was sold at an average price of $57.25, for a total value of $114,500.00. Following the completion of the transaction, the director now directly owns 28,956 shares of the company’s stock, valued at approximately $1,657,731. The disclosure for this sale can be found here. In the last three months, insiders sold 32,162 shares of company stock valued at $1,847,997. Insiders own 3.77% of the company’s stock.

Shares of SF stock traded down $0.05 on Friday, hitting $58.54. The company had a trading volume of 350,448 shares, compared to its average volume of 310,772. The firm has a market cap of $4.08 billion, a P/E ratio of 10.37, a price-to-earnings-growth ratio of 1.72 and a beta of 1.88. The company has a 50-day moving average price of $54.72 and a 200-day moving average price of $56.32. The company has a quick ratio of 0.67, a current ratio of 0.74 and a debt-to-equity ratio of 0.69. Stifel Financial Corp has a twelve month low of $38.39 and a twelve month high of $61.94.

Stifel Financial (NYSE:SF) last issued its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.34 by $0.07. The business had revenue of $800.80 million during the quarter, compared to analysts’ expectations of $780.94 million. Stifel Financial had a return on equity of 14.73% and a net margin of 13.73%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.22 EPS. Equities research analysts expect that Stifel Financial Corp will post 5.68 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd will be issued a $0.15 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.60 annualized dividend and a dividend yield of 1.02%. Stifel Financial’s dividend payout ratio (DPR) is presently 11.36%.

Stifel Financial Company 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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Institutional Ownership by Quarter for Stifel Financial (NYSE:SF)

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