Victory Capital Management Inc. lessened its position in Stifel Financial Corporation (NYSE:SF) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,145,409 shares of the financial services provider’s stock after selling 15,971 shares during the quarter. Victory Capital Management Inc.’s holdings in Stifel Financial were worth $68,221,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Public Employees Retirement System of Ohio raised its position in Stifel Financial by 5.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,379 shares of the financial services provider’s stock valued at $109,000 after buying an additional 113 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Stifel Financial in the 3rd quarter valued at approximately $137,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Stifel Financial by 47.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,796 shares of the financial services provider’s stock valued at $226,000 after buying an additional 1,226 shares during the last quarter. World Asset Management Inc acquired a new stake in Stifel Financial in the 3rd quarter valued at approximately $233,000. Finally, Oakbrook Investments LLC acquired a new stake in Stifel Financial in the 3rd quarter valued at approximately $241,000. 88.88% of the stock is currently owned by institutional investors and hedge funds.
SF has been the topic of a number of recent research reports. Wells Fargo & Co lifted their target price on Stifel Financial from $64.00 to $70.00 in a research report on Thursday, January 4th. Nomura raised Stifel Financial from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $58.00 to $77.00 in a research report on Wednesday, January 3rd. Instinet raised Stifel Financial from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 3rd. Goldman Sachs Group raised Stifel Financial from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $56.00 to $77.00 in a research report on Monday, January 8th. Finally, Zacks Investment Research raised Stifel Financial from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a research report on Friday, January 5th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $67.67.
In related news, insider Thomas B. Michaud sold 24,536 shares of the business’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $52.40, for a total value of $1,285,686.40. Following the completion of the sale, the insider now directly owns 60,589 shares in the company, valued at approximately $3,174,863.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James M. Oates sold 1,768 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $52.27, for a total value of $92,413.36. Following the completion of the sale, the director now owns 28,640 shares of the company’s stock, valued at $1,497,012.80. The disclosure for this sale can be found here. Insiders sold a total of 54,304 shares of company stock valued at $2,869,480 over the last 90 days. 3.60% of the stock is currently owned by corporate insiders.
Stifel Financial Corporation (NYSE:SF) opened at $64.87 on Monday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.61 and a current ratio of 0.67. The firm has a market capitalization of $4,441.47, a P/E ratio of 16.22, a P/E/G ratio of 1.06 and a beta of 1.69. Stifel Financial Corporation has a 1-year low of $41.93 and a 1-year high of $68.76.
Stifel Financial (NYSE:SF) last posted its earnings results on Tuesday, January 30th. The financial services provider reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.55. The business had revenue of $804.10 million for the quarter, compared to analyst estimates of $745.44 million. Stifel Financial had a return on equity of 12.05% and a net margin of 6.25%. The firm’s revenue was up 21.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.68 EPS. analysts anticipate that Stifel Financial Corporation will post 5.1 earnings per share for the current fiscal year.
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Stifel Financial 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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