Stifel Financial Corp (SF) Shares Bought by Tributary Capital Management LLC

Tributary Capital Management LLC increased its stake in Stifel Financial Corp (NYSE:SF) by 7.9% during the 3rd quarter, Holdings Channel reports. The firm owned 436,618 shares of the financial services provider’s stock after purchasing an additional 31,968 shares during the quarter. Stifel Financial comprises approximately 1.7% of Tributary Capital Management LLC’s portfolio, making the stock its 13th biggest holding. Tributary Capital Management LLC’s holdings in Stifel Financial were worth $22,381,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. BlackRock Inc. increased its position in shares of Stifel Financial by 5.6% in the second quarter. BlackRock Inc. now owns 8,022,149 shares of the financial services provider’s stock worth $419,156,000 after purchasing an additional 426,072 shares during the last quarter. Macquarie Group Ltd. increased its position in shares of Stifel Financial by 4.2% in the second quarter. Macquarie Group Ltd. now owns 2,437,842 shares of the financial services provider’s stock worth $127,377,000 after purchasing an additional 98,692 shares during the last quarter. Northern Trust Corp increased its position in shares of Stifel Financial by 6.4% in the second quarter. Northern Trust Corp now owns 1,631,620 shares of the financial services provider’s stock worth $85,252,000 after purchasing an additional 98,834 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Stifel Financial by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 1,218,612 shares of the financial services provider’s stock worth $63,673,000 after purchasing an additional 6,065 shares during the last quarter. Finally, Boston Partners increased its position in shares of Stifel Financial by 3.9% in the second quarter. Boston Partners now owns 980,999 shares of the financial services provider’s stock worth $51,257,000 after purchasing an additional 37,047 shares during the last quarter. Institutional investors own 86.34% of the company’s stock.

Shares of NYSE SF opened at $47.84 on Friday. Stifel Financial Corp has a one year low of $47.29 and a one year high of $68.76. The company has a current ratio of 0.70, a quick ratio of 0.62 and a debt-to-equity ratio of 0.93. The company has a market cap of $3.50 billion, a price-to-earnings ratio of 10.39, a price-to-earnings-growth ratio of 0.80 and a beta of 1.87.

Stifel Financial (NYSE:SF) last issued its earnings results on Monday, July 30th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.07. Stifel Financial had a net margin of 7.97% and a return on equity of 13.91%. The firm had revenue of $742.70 million for the quarter, compared to analysts’ expectations of $745.62 million. During the same quarter last year, the business earned $0.90 earnings per share. The business’s revenue was up 2.3% on a year-over-year basis. As a group, sell-side analysts predict that Stifel Financial Corp will post 5.14 EPS for the current fiscal year.

In other news, insider Victor Nesi sold 1,250 shares of the firm’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $55.02, for a total value of $68,775.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Frederick O. Hanser sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $54.42, for a total transaction of $544,200.00. Following the completion of the transaction, the director now owns 40,905 shares in the company, valued at approximately $2,226,050.10. The disclosure for this sale can be found here. 3.86% of the stock is currently owned by company insiders.

SF has been the topic of a number of recent research reports. ValuEngine upgraded shares of Stifel Financial from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd. Zacks Investment Research upgraded shares of Stifel Financial from a “sell” rating to a “buy” rating and set a $62.00 price target on the stock in a research report on Friday, August 3rd. Wolfe Research initiated coverage on shares of Stifel Financial in a research report on Tuesday, September 25th. They set a “market perform” rating and a $63.00 price target on the stock. JMP Securities upgraded shares of Stifel Financial from a “market perform” rating to an “outperform” rating in a research report on Wednesday, October 3rd. Finally, Stifel Nicolaus upgraded shares of Stifel Financial to an “outperform” rating in a research report on Wednesday, October 3rd. Two analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. Stifel Financial presently has a consensus rating of “Hold” and a consensus price target of $70.80.

Stifel Financial Company 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, and rest of Europe. The company operates through three segments: Global Wealth Management, Institutional Group, and Other.

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

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