Vanguard Group Inc. grew its position in shares of Stifel Financial Corporation (NYSE:SF) by 1.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,439,570 shares of the financial services provider’s stock after purchasing an additional 63,078 shares during the quarter. Vanguard Group Inc. owned approximately 7.95% of Stifel Financial Corporation worth $250,111,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. grew its position in Stifel Financial Corporation by 17,220.8% during the 1st quarter. BlackRock Inc. now owns 7,133,557 shares of the financial services provider’s stock worth $358,032,000 after acquiring an additional 7,092,372 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Stifel Financial Corporation by 6.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,284,872 shares of the financial services provider’s stock worth $114,676,000 after acquiring an additional 131,440 shares during the last quarter. State Street Corp grew its position in Stifel Financial Corporation by 3.2% during the 1st quarter. State Street Corp now owns 2,142,737 shares of the financial services provider’s stock worth $107,543,000 after acquiring an additional 66,401 shares during the last quarter. Macquarie Group Ltd. grew its position in Stifel Financial Corporation by 5.6% during the 1st quarter. Macquarie Group Ltd. now owns 1,824,411 shares of the financial services provider’s stock worth $91,567,000 after acquiring an additional 96,154 shares during the last quarter. Finally, Northern Trust Corp grew its position in Stifel Financial Corporation by 3.2% during the 2nd quarter. Northern Trust Corp now owns 1,581,952 shares of the financial services provider’s stock worth $72,738,000 after acquiring an additional 48,607 shares during the last quarter. Hedge funds and other institutional investors own 86.93% of the company’s stock.
SF has been the topic of several recent research reports. BidaskClub lowered Stifel Financial Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. TheStreet upgraded Stifel Financial Corporation from a “c+” rating to a “b” rating in a research report on Monday, July 31st. Zacks Investment Research upgraded Stifel Financial Corporation from a “sell” rating to a “buy” rating and set a $57.00 price objective on the stock in a research report on Thursday, August 3rd. Finally, JMP Securities reiterated a “neutral” rating on shares of Stifel Financial Corporation in a research report on Friday, August 18th. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $56.00.
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Stifel Financial Corporation (NYSE:SF) last released its earnings results on Monday, July 31st. The financial services provider reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.14. The firm had revenue of $725.60 million for the quarter, compared to analysts’ expectations of $689.67 million. Stifel Financial Corporation had a return on equity of 9.30% and a net margin of 6.03%. The company’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.69 earnings per share.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.76%. Stifel Financial Corporation’s dividend payout ratio is 20.73%.
In related news, Director Kelvin R. Westbrook sold 5,200 shares of the stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $48.08, for a total value of $250,016.00. Following the transaction, the director now owns 6,684 shares of the company’s stock, valued at $321,366.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director David A. Peacock acquired 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was purchased at an average cost of $50.03 per share, for a total transaction of $225,135.00. The disclosure for this purchase can be found here. Corporate insiders own 3.60% of the company’s stock.
Stifel Financial Corporation 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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