New York State Teachers Retirement System reduced its stake in Stifel Financial Corp. (NYSE:SF) by 9.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,400 shares of the financial services provider’s stock after selling 10,400 shares during the period. New York State Teachers Retirement System’s holdings in Stifel Financial Corp. were worth $3,063,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the company. LS Investment Advisors LLC boosted 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. Capstone Asset Management Co. acquired a new stake in shares of Stifel Financial Corp. during the second quarter valued at approximately $206,000. Smith Moore & CO. boosted its stake in shares of 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 valued at $270,000 after buying an additional 3,666 shares during the period. M&T Bank Corp boosted its stake in shares of Stifel Financial Corp. by 88.0% in the first quarter. M&T Bank Corp now owns 10,528 shares of the financial services provider’s stock valued at $311,000 after buying an additional 4,929 shares during the period. Finally, Aperio Group LLC boosted its stake in shares of Stifel Financial Corp. by 53.9% in the first quarter. Aperio Group LLC now owns 16,715 shares of the financial services provider’s stock valued at $495,000 after buying an additional 5,853 shares during the period. 85.21% of the stock is owned by institutional investors and hedge funds.
Shares of Stifel Financial Corp. (NYSE:SF) traded down 0.56% during trading on Wednesday, hitting $39.13. The stock had a trading volume of 323,053 shares. The firm has a 50 day moving average of $38.53 and a 200 day moving average of $34.88. The company has a market capitalization of $2.59 billion, a price-to-earnings ratio of 46.42 and a beta of 1.66. Stifel Financial Corp. has a 1-year low of $25.00 and a 1-year high of $47.17.
Stifel Financial Corp. (NYSE:SF) last announced its earnings results on Tuesday, August 2nd. The financial services provider reported $0.69 EPS for the quarter, topping the consensus estimate of $0.58 by $0.11. The company had revenue of $652.10 million for the quarter, compared to analysts’ expectations of $615.82 million. Stifel Financial Corp. had a return on equity of 6.52% and a net margin of 2.67%. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.71 earnings per share. Analysts expect that Stifel Financial Corp. will post $2.50 EPS for the current fiscal year.
SF has been the topic of several recent analyst reports. Zacks Investment Research upgraded Stifel Financial Corp. from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a report on Tuesday, June 21st. Nomura restated a “buy” rating on shares of Stifel Financial Corp. in a report on Monday, July 11th. Finally, Macquarie boosted their price objective on Stifel Financial Corp. from $39.00 to $44.00 and gave the stock an “outperform” rating in a report on Friday, September 9th. Two equities research analysts have rated the stock with a sell rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $40.00.
In other news, Director Allen Brautigam sold 2,725 shares of the stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $36.94, for a total transaction of $100,661.50. Following the sale, the director now owns 35,268 shares in the company, valued at $1,302,799.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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.
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