100,823 Shares in Stifel Financial Corporation $SF Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC purchased a new stake in shares of Stifel Financial Corporation (NYSE:SFFree Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 100,823 shares of the financial services provider’s stock, valued at approximately $7,453,000.

A number of other large investors also recently bought and sold shares of SF. Fifth Third Bancorp raised its position in shares of Stifel Financial by 430.4% in the first quarter. Fifth Third Bancorp now owns 73,993 shares of the financial services provider’s stock worth $5,470,000 after acquiring an additional 60,042 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Stifel Financial by 49.9% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 38,209 shares of the financial services provider’s stock valued at $2,824,000 after purchasing an additional 12,727 shares in the last quarter. Heartland Advisors Inc. raised its holdings in Stifel Financial by 56.3% in the 1st quarter. Heartland Advisors Inc. now owns 134,153 shares of the financial services provider’s stock worth $9,917,000 after purchasing an additional 48,346 shares during the period. Horizon Investments LLC boosted its position in Stifel Financial by 146.7% during the fourth quarter. Horizon Investments LLC now owns 63,089 shares of the financial services provider’s stock worth $7,900,000 after purchasing an additional 37,516 shares in the last quarter. Finally, AIA Group Ltd acquired a new stake in Stifel Financial in the first quarter valued at approximately $2,244,000. 82.01% of the stock is owned by institutional investors and hedge funds.

Stifel Financial Stock Up 0.8%

SF stock opened at $83.60 on Tuesday. Stifel Financial Corporation has a one year low of $67.81 and a one year high of $89.83. The firm has a market cap of $12.82 billion, a PE ratio of 14.96 and a beta of 1.01. The firm’s 50 day moving average price is $74.58 and its 200-day moving average price is $76.57. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 0.85.

Stifel Financial (NYSE:SFGet Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.09. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.42 billion. Stifel Financial had a return on equity of 19.32% and a net margin of 16.11%.The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.71 earnings per share. On average, equities research analysts anticipate that Stifel Financial Corporation will post 6.36 EPS for the current year.

Insider Buying and Selling at Stifel Financial

In other news, Director Maryam S. Brown sold 4,700 shares of the stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $79.20, for a total transaction of $372,240.00. Following the completion of the transaction, the director directly owned 5,729 shares in the company, valued at approximately $453,736.80. This represents a 45.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Zacks Research raised shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Weiss Ratings restated a “buy (b-)” rating on shares of Stifel Financial in a research report on Friday, May 29th. JPMorgan Chase & Co. lifted their price objective on Stifel Financial from $80.00 to $86.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd. UBS Group set a $90.00 target price on Stifel Financial in a report on Thursday, July 23rd. Finally, Wall Street Zen upgraded Stifel Financial from a “hold” rating to a “buy” rating in a research report on Saturday. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $91.90.

Read Our Latest Stock Report on SF

About Stifel Financial

(Free Report)

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full‐service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research‐driven insights.

The firm’s main business activities are organized into two core segments: Private Client Group and Institutional Group.

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

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