First National Bank of Omaha lifted its holdings in Stifel Financial Corp (NYSE:SF) by 1.9% in the third quarter, HoldingsChannel reports. The fund owned 42,664 shares of the financial services provider’s stock after buying an additional 782 shares during the period. First National Bank of Omaha’s holdings in Stifel Financial were worth $2,449,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Meeder Asset Management Inc. purchased a new position in shares of Stifel Financial in the third quarter worth $38,000. NumerixS Investment Technologies Inc increased its stake in shares of Stifel Financial by 75.0% in the second quarter. NumerixS Investment Technologies Inc now owns 700 shares of the financial services provider’s stock worth $41,000 after buying an additional 300 shares during the period. Pearl River Capital LLC purchased a new position in shares of Stifel Financial in the second quarter worth $46,000. Stonebridge Capital Advisors LLC purchased a new position in shares of Stifel Financial in the second quarter worth $61,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Stifel Financial by 7,113.3% in the second quarter. Tower Research Capital LLC TRC now owns 1,082 shares of the financial services provider’s stock worth $64,000 after buying an additional 1,067 shares during the period. Hedge funds and other institutional investors own 86.29% of the company’s stock.
A number of research analysts have issued reports on the stock. ValuEngine downgraded shares of Stifel Financial from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. Zacks Investment Research raised shares of Stifel Financial from a “sell” rating to a “hold” rating in a research report on Saturday, September 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $62.60.
In other news, Director Allen Brautigam sold 1,000 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $59.63, for a total transaction of $59,630.00. Following the sale, the director now owns 31,171 shares in the company, valued at approximately $1,858,726.73. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John P. Dubinsky sold 1,500 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $54.71, for a total transaction of $82,065.00. Following the completion of the transaction, the director now owns 27,456 shares in the company, valued at approximately $1,502,117.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,298 shares of company stock worth $1,501,117. Insiders own 3.77% of the company’s stock.
Stifel Financial stock traded up $0.33 during mid-day trading on Friday, reaching $60.83. 16,405 shares of the company traded hands, compared to its average volume of 390,287. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.74 and a quick ratio of 0.67. The firm’s 50 day moving average price is $55.86 and its 200 day moving average price is $56.55. The firm has a market capitalization of $4.20 billion, a price-to-earnings ratio of 11.50, a P/E/G ratio of 1.77 and a beta of 1.88. Stifel Financial Corp has a 52-week low of $38.39 and a 52-week high of $61.94.
Stifel Financial (NYSE:SF) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.03. The business had revenue of $821.50 million for the quarter, compared to the consensus estimate of $798.53 million. Stifel Financial had a net margin of 13.55% and a return on equity of 14.84%. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.35 EPS.
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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