Employees Retirement System of Texas lessened its holdings in Stifel Financial Corporation (NYSE:SF) by 40.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 42,000 shares of the financial services provider’s stock after selling 29,000 shares during the period. Employees Retirement System of Texas owned 0.06% of Stifel Financial Corporation worth $1,931,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. grew its holdings in Stifel Financial Corporation by 17,220.8% in the 1st quarter. BlackRock Inc. now owns 7,133,557 shares of the financial services provider’s stock valued at $358,032,000 after buying an additional 7,092,372 shares in the last quarter. Vanguard Group Inc. grew its holdings in Stifel Financial Corporation by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 5,439,570 shares of the financial services provider’s stock valued at $250,111,000 after buying an additional 63,078 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Stifel Financial Corporation by 22.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,804,119 shares of the financial services provider’s stock valued at $128,934,000 after buying an additional 519,247 shares in the last quarter. State Street Corp grew its holdings in Stifel Financial Corporation by 3.2% in the 1st quarter. State Street Corp now owns 2,142,737 shares of the financial services provider’s stock valued at $107,543,000 after buying an additional 66,401 shares in the last quarter. Finally, Macquarie Group Ltd. grew its holdings in Stifel Financial Corporation by 5.6% in the 1st quarter. Macquarie Group Ltd. now owns 1,824,411 shares of the financial services provider’s stock valued at $91,567,000 after buying an additional 96,154 shares in the last quarter. Institutional investors and hedge funds own 86.93% of the company’s stock.
In other news, Director David A. Peacock bought 4,500 shares of the stock in a transaction on Wednesday, August 2nd. The shares were purchased at an average cost of $50.03 per share, for a total transaction of $225,135.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frederick O. Hanser sold 4,000 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $50.00, for a total value of $200,000.00. Following the completion of the sale, the director now owns 33,255 shares in the company, valued at $1,662,750. The disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.
A number of research analysts have commented on the company. Zacks Investment Research raised Stifel Financial Corporation from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a report on Thursday, October 5th. JMP Securities reaffirmed a “neutral” rating on shares of Stifel Financial Corporation in a report on Friday, August 18th. BidaskClub lowered Stifel Financial Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Finally, TheStreet raised Stifel Financial Corporation from a “c+” rating to a “b” rating in a report on Monday, July 31st. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $56.00.
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Stifel Financial Corporation (NYSE:SF) last issued its earnings results on Monday, July 31st. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.14. The firm had revenue of $725.60 million for the quarter, compared to analyst estimates of $689.67 million. Stifel Financial Corporation had a return on equity of 9.30% and a net margin of 6.03%. The business’s revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.69 earnings per share.
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were paid a $0.10 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.76%. Stifel Financial Corporation’s payout ratio is presently 20.73%.
About Stifel Financial Corporation
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. It operates through three segments: Global Wealth Management, Institutional Group and Other. The Global Wealth Management segment consists of the Private Client Group and Stifel Bank businesses.
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