Monarch Partners Asset Management LLC acquired a new stake in shares of Stifel Financial Corp. (NYSE:SF) during the second quarter, Holdings Channel reports. The institutional investor acquired 91,740 shares of the financial services provider’s stock, valued at approximately $2,885,000.
Other institutional investors have also made changes to their positions in the company. LS Investment Advisors LLC increased its stake in 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 worth $126,000 after buying an additional 1,624 shares in the last quarter. Bank of Montreal Can purchased a new stake in Stifel Financial Corp. during the second quarter worth approximately $168,000. Strs Ohio increased its stake in Stifel Financial Corp. by 34.1% in the second quarter. Strs Ohio now owns 5,500 shares of the financial services provider’s stock worth $172,000 after buying an additional 1,400 shares in the last quarter. Capstone Asset Management Co. purchased a new stake in Stifel Financial Corp. during the second quarter worth approximately $206,000. Finally, Smith Moore & CO. increased its stake in Stifel Financial Corp. by 67.0% in the first quarter. Smith Moore & CO. now owns 9,137 shares of the financial services provider’s stock worth $270,000 after buying an additional 3,666 shares in the last quarter. Institutional investors and hedge funds own 85.21% of the company’s stock.
Stifel Financial Corp. (NYSE:SF) traded up 2.56% on Wednesday, hitting $40.04. The stock had a trading volume of 565,234 shares. The stock has a market cap of $2.65 billion, a PE ratio of 47.50 and a beta of 1.66. Stifel Financial Corp. has a 12 month low of $25.00 and a 12 month high of $47.17. The firm’s 50 day moving average price is $38.27 and its 200-day moving average price is $34.60.
Stifel Financial Corp. (NYSE:SF) last posted its earnings results on Tuesday, August 2nd. The financial services provider reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.11. Stifel Financial Corp. had a return on equity of 6.52% and a net margin of 2.67%. The firm had revenue of $652.10 million for the quarter, compared to analysts’ expectations of $615.82 million. During the same period last year, the firm earned $0.71 EPS. The company’s quarterly revenue was up 9.1% on a year-over-year basis. On average, analysts forecast that Stifel Financial Corp. will post $2.54 EPS for the current year.
A number of equities research analysts recently commented on SF shares. Macquarie boosted their target price on Stifel Financial Corp. from $39.00 to $44.00 and gave the stock an “outperform” rating in a research report on Friday, September 9th. Zacks Investment Research downgraded Stifel Financial Corp. from a “buy” rating to a “sell” rating in a research report on Tuesday, July 12th. Finally, Nomura restated a “buy” rating on shares of Stifel Financial Corp. in a research report on Monday, July 11th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $38.29.
In related news, Director Allen Brautigam sold 2,725 shares of Stifel Financial Corp. stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $36.94, for a total value of $100,661.50. Following the sale, the director now directly owns 35,268 shares in the company, valued at approximately $1,302,799.92. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 5.14% of the company’s stock.
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.
Want to see what other hedge funds are holding SF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stifel Financial Corp. (NYSE:SF).
Receive News & Ratings for Stifel Financial Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stifel Financial Corp. and related companies with MarketBeat.com's FREE daily email newsletter.