Moneta Group Investment Advisors LLC reduced its position in shares of Stifel Financial Corp (NYSE:SF) by 13.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,995 shares of the financial services provider’s stock after selling 1,704 shares during the period. Moneta Group Investment Advisors LLC’s holdings in Stifel Financial were worth $750,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pearl River Capital LLC acquired a new stake in shares of Stifel Financial in the second quarter worth $46,000. First Mercantile Trust Co. increased its stake in shares of Stifel Financial by 14.1% in the 2nd quarter. First Mercantile Trust Co. now owns 2,499 shares of the financial services provider’s stock valued at $148,000 after buying an additional 309 shares during the period. Magnus Financial Group LLC acquired a new stake in shares of Stifel Financial in the 2nd quarter valued at $207,000. Connable Office Inc. acquired a new stake in shares of Stifel Financial in the 1st quarter valued at $214,000. Finally, Landscape Capital Management L.L.C. bought a new stake in shares of Stifel Financial during the second quarter worth $214,000. 87.54% of the stock is owned by institutional investors and hedge funds.
Several research firms recently issued reports on SF. Zacks Investment Research upgraded Stifel Financial from a “sell” rating to a “hold” rating in a report on Saturday. Compass Point assumed coverage on shares of Stifel Financial in a research report on Thursday, May 30th. They set a “buy” rating and a $65.00 target price on the stock. Finally, ValuEngine lowered shares of Stifel Financial from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. 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. The company currently has an average rating of “Buy” and an average price target of $62.67.
Shares of NYSE SF traded up $0.51 during trading hours on Wednesday, reaching $58.87. 11,986 shares of the stock were exchanged, compared to its average volume of 316,073. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 0.74. The firm has a market capitalization of $3.91 billion, a price-to-earnings ratio of 11.15, a P/E/G ratio of 1.65 and a beta of 1.88. The stock’s fifty day simple moving average is $54.73 and its 200 day simple moving average is $56.29. Stifel Financial Corp has a 52 week low of $38.39 and a 52 week high of $61.94.
Stifel Financial (NYSE:SF) last announced its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.07. Stifel Financial had a net margin of 13.73% and a return on equity of 14.73%. The firm had revenue of $800.80 million for the quarter, compared to the consensus estimate of $780.94 million. During the same period in the prior year, the company posted $1.22 earnings per share. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. Research analysts predict that Stifel Financial Corp will post 5.68 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Friday, August 30th. Stifel Financial’s payout ratio is 11.36%.
In other Stifel Financial news, Director John P. Dubinsky sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 19th. The shares were sold at an average price of $57.25, for a total transaction of $114,500.00. Following the sale, the director now directly owns 28,956 shares of the company’s stock, valued at approximately $1,657,731. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Ben A. Plotkin sold 9,012 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $55.73, for a total transaction of $502,238.76. Following the sale, the senior vice president now directly owns 97,728 shares in the company, valued at $5,446,381.44. The disclosure for this sale can be found here. Insiders sold a total of 20,012 shares of company stock valued at $1,132,599 over the last quarter. 3.77% of the stock is owned by corporate insiders.
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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