Stifel Financial Corporation (SF) Shares Bought by Prudential Financial Inc.

Prudential Financial Inc. boosted its holdings in Stifel Financial Corporation (NYSE:SF) by 46.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 274,184 shares of the financial services provider’s stock after purchasing an additional 87,330 shares during the quarter. Prudential Financial Inc. owned about 0.40% of Stifel Financial Corporation worth $12,607,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Amalgamated Bank boosted its holdings in Stifel Financial Corporation by 0.3% in the first quarter. Amalgamated Bank now owns 9,058 shares of the financial services provider’s stock valued at $455,000 after purchasing an additional 23 shares in the last quarter. LS Investment Advisors LLC boosted its holdings in Stifel Financial Corporation by 1.8% in the first quarter. LS Investment Advisors LLC now owns 4,604 shares of the financial services provider’s stock valued at $231,000 after purchasing an additional 83 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Stifel Financial Corporation by 1.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,955 shares of the financial services provider’s stock valued at $500,000 after purchasing an additional 146 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Stifel Financial Corporation by 1.5% in the second quarter. Nisa Investment Advisors LLC now owns 9,920 shares of the financial services provider’s stock valued at $429,000 after purchasing an additional 150 shares in the last quarter. Finally, Pitcairn Co. boosted its holdings in Stifel Financial Corporation by 1.9% in the second quarter. Pitcairn Co. now owns 8,138 shares of the financial services provider’s stock valued at $374,000 after purchasing an additional 154 shares in the last quarter. 87.11% of the stock is owned by hedge funds and other institutional investors.

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A number of brokerages have weighed in on SF. Zacks Investment Research cut Stifel Financial Corporation from a “buy” rating to a “sell” rating in a research note on Tuesday, May 16th. Instinet cut Stifel Financial Corporation from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $60.00 to $51.00 in a research note on Tuesday, May 23rd. Nomura reiterated a “neutral” rating on shares of Stifel Financial Corporation in a research note on Tuesday, May 23rd. Wells Fargo & Company reiterated a “market perform” rating and issued a $50.00 price objective (down previously from $54.00) on shares of Stifel Financial Corporation in a research note on Monday, June 12th. Finally, BidaskClub upgraded Stifel Financial Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $55.20.

In other news, Director Kelvin R. Westbrook sold 5,200 shares of Stifel Financial Corporation 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 completion of the transaction, the director now owns 6,684 shares in the company, valued at approximately $321,366.72. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director David A. Peacock bought 4,500 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The stock was purchased at an average price of $50.03 per share, with a total value of $225,135.00. The disclosure for this purchase can be found here. 5.14% of the stock is currently owned by company insiders.

Shares of Stifel Financial Corporation (SF) opened at 45.60 on Monday. The stock has a market cap of $3.11 billion, a PE ratio of 23.54 and a beta of 1.70. Stifel Financial Corporation has a 52 week low of $36.71 and a 52 week high of $56.62. The firm has a 50-day moving average price of $48.75 and a 200-day moving average price of $48.16.

Stifel Financial Corporation (NYSE:SF) last issued its earnings results on Monday, July 31st. The financial services provider reported $0.90 EPS for the quarter, topping the consensus estimate of $0.76 by $0.14. The company had revenue of $725.60 million during the quarter, compared to analyst estimates of $689.67 million. Stifel Financial Corporation had a return on equity of 9.30% and a net margin of 6.03%. The business’s revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.69 EPS. On average, analysts forecast that Stifel Financial Corporation will post $3.43 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be given a $0.10 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.88%. Stifel Financial Corporation’s payout ratio is 20.73%.

Stifel Financial Corporation 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.

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

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