Engineers Gate Manager LP Sells 281,506 Shares of Stifel Financial Corporation $SF

Engineers Gate Manager LP trimmed its holdings in shares of Stifel Financial Corporation (NYSE:SF) by 80.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 66,557 shares of the financial services provider’s stock after selling 281,506 shares during the quarter. Engineers Gate Manager LP’s holdings in Stifel Financial were worth $4,644,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. NewEdge Advisors LLC boosted its position in Stifel Financial by 1.8% in the second quarter. NewEdge Advisors LLC now owns 18,061 shares of the financial services provider’s stock worth $1,260,000 after purchasing an additional 321 shares during the last quarter. IFP Advisors Inc raised its stake in shares of Stifel Financial by 22.2% during the 2nd quarter. IFP Advisors Inc now owns 6,018 shares of the financial services provider’s stock worth $420,000 after purchasing an additional 1,092 shares during the period. Squarepoint Ops LLC raised its stake in shares of Stifel Financial by 716.1% during the 2nd quarter. Squarepoint Ops LLC now owns 585,834 shares of the financial services provider’s stock worth $40,874,000 after purchasing an additional 514,052 shares during the period. Nykredit A S purchased a new position in shares of Stifel Financial in the 2nd quarter worth about $387,000. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Stifel Financial by 11.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 5,902 shares of the financial services provider’s stock worth $412,000 after buying an additional 610 shares during the last quarter. 82.01% of the stock is currently owned by institutional investors.

Stifel Financial Stock Performance

NYSE SF opened at $79.81 on Friday. The company’s 50 day moving average is $80.68 and its 200-day moving average is $76.30. Stifel Financial Corporation has a 12-month low of $67.81 and a 12-month high of $89.83. The company has a quick ratio of 0.83, a current ratio of 0.88 and a debt-to-equity ratio of 0.33. The firm has a market cap of $12.05 billion, a P/E ratio of 14.29 and a beta of 0.98.

Stifel Financial (NYSE:SF) last released its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $1.42 EPS for the quarter, topping the consensus estimate of $1.33 by $0.09. Stifel Financial had a net margin of 16.11% and a return on equity of 19.22%. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period last year, the firm earned $1.71 EPS. Stifel Financial’s revenue for the quarter was up 13.0% on a year-over-year basis. Sell-side analysts predict that Stifel Financial Corporation will post 6.36 earnings per share for the current year.

Stifel Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 1st. Stifel Financial’s dividend payout ratio (DPR) is presently 24.33%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on SF shares. Zacks Research upgraded shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Wall Street Zen lowered shares of Stifel Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stifel Financial in a report on Wednesday, August 26th. JPMorgan Chase & Co. upped their price objective on Stifel Financial from $80.00 to $86.00 and gave the company a “neutral” rating in a research note on Thursday, July 23rd. Finally, UBS Group set a $90.00 price target on Stifel Financial in a research report on Thursday, July 23rd. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $91.90.

Insider Activity at Stifel Financial

In other news, Director Maryam Brown sold 4,700 shares of Stifel Financial stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $79.20, for a total value 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. The trade was a 45.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.36% of the stock is owned by insiders.

Stifel Financial Company Profile

Stifel Financial Corp. is a diversified financial services company headquartered in St. Louis, Missouri. Through its principal broker-dealer, Stifel, Nicolaus & Company, Incorporated, the company provides wealth management, investment banking, institutional brokerage, securities research, sales and trading, and public finance services to individuals, corporations, municipalities and institutional investors.

Its wealth management business offers investment advisory, brokerage, banking and financial planning services through financial advisors and private client groups.