Mason Street Advisors LLC bought a new position in shares of Stifel Financial Corp. (NYSE:SF) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 30,313 shares of the financial services provider’s stock, valued at approximately $953,000.
A number of other hedge funds have also recently added to or reduced their stakes in SF. Advisor Group Inc. purchased a new stake in Stifel Financial Corp. during the second quarter worth $111,000. Paradigm Asset Management Co. LLC increased its stake in shares of Stifel Financial Corp. by 5.4% in the second quarter. Paradigm Asset Management Co. LLC now owns 3,900 shares of the financial services provider’s stock valued at $123,000 after buying an additional 200 shares during the period. LS Investment Advisors LLC increased its stake in shares of Stifel Financial Corp. by 68.3% in the second quarter. LS Investment Advisors LLC now owns 4,003 shares of the financial services provider’s stock valued at $126,000 after buying an additional 1,624 shares during the period. C M Bidwell & Associates Ltd. bought a new stake in shares of Stifel Financial Corp. during the second quarter valued at approximately $152,000. Finally, Bank of Montreal Can bought a new stake in shares of Stifel Financial Corp. during the second quarter valued at approximately $168,000. 85.21% of the stock is owned by institutional investors and hedge funds.
Stifel Financial Corp. (NYSE:SF) opened at 37.36 on Wednesday. The company has a 50 day moving average price of $37.97 and a 200-day moving average price of $34.29. The company has a market capitalization of $2.47 billion, a PE ratio of 44.32 and a beta of 1.64. Stifel Financial Corp. has a one year low of $25.00 and a one year high of $47.17.
Stifel Financial Corp. (NYSE:SF) last released its earnings results on Tuesday, August 2nd. The financial services provider reported $0.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.11. The company earned $652.10 million during the quarter, compared to the consensus estimate of $615.82 million. Stifel Financial Corp. had a return on equity of 6.52% and a net margin of 2.67%. Stifel Financial Corp.’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS. Analysts expect that Stifel Financial Corp. will post $2.54 EPS for the current fiscal year.
Several analysts have recently commented on SF shares. Nomura reaffirmed a “buy” rating on shares of Stifel Financial Corp. in a research report on Monday, July 11th. Zacks Investment Research raised shares of Stifel Financial Corp. from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 7th. Finally, Macquarie raised their price objective on shares of Stifel Financial Corp. from $39.00 to $44.00 and gave the stock an “outperform” rating in a research report on Friday, September 9th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $38.29.
In other Stifel Financial Corp. news, Director Allen Brautigam sold 2,725 shares of the business’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $36.94, for a total value of $100,661.50. Following the completion of the sale, the director now owns 35,268 shares in the company, valued at $1,302,799.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.14% of the stock is owned by corporate insiders.
Stifel Financial Corp. Company 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. Its principal activities are private client services, including securities transaction and financial planning services; institutional equity and fixed income sales, trading, research and municipal finance; investment banking services, including mergers and acquisitions, public offerings and private placements, and retail and commercial banking, including personal and commercial lending programs.
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