Earnest Partners LLC Purchases 34,140 Shares of Stifel Financial Corp (NYSE:SF)

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Earnest Partners LLC increased its stake in Stifel Financial Corp (NYSE:SF) by 2.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,620,770 shares of the financial services provider’s stock after purchasing an additional 34,140 shares during the period. Earnest Partners LLC owned approximately 2.33% of Stifel Financial worth $95,723,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of SF. Northern Trust Corp grew its position in Stifel Financial by 1.5% in the second quarter. Northern Trust Corp now owns 1,660,653 shares of the financial services provider’s stock valued at $98,077,000 after acquiring an additional 24,677 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of Stifel Financial by 70.5% during the second quarter. Prudential Financial Inc. now owns 1,198,061 shares of the financial services provider’s stock valued at $70,758,000 after purchasing an additional 495,421 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Stifel Financial by 2.1% during the first quarter. Wells Fargo & Company MN now owns 889,651 shares of the financial services provider’s stock valued at $46,938,000 after purchasing an additional 18,634 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Stifel Financial by 10.2% in the fourth quarter. Geode Capital Management LLC now owns 772,102 shares of the financial services provider’s stock worth $31,979,000 after acquiring an additional 71,603 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in shares of Stifel Financial by 99.4% in the first quarter. Principal Financial Group Inc. now owns 637,881 shares of the financial services provider’s stock worth $33,655,000 after acquiring an additional 317,905 shares during the period. Institutional investors own 87.54% of the company’s stock.

A number of equities analysts recently commented on the company. Zacks Investment Research raised Stifel Financial from a “sell” rating to a “hold” rating in a research note on Saturday, September 7th. Compass Point started coverage on Stifel Financial in a report on Thursday, May 30th. They issued a “buy” rating and a $65.00 target price for the company. Finally, ValuEngine downgraded Stifel Financial from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $62.67.

In other news, Director Robert Edward Grady sold 2,500 shares of the stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $53.45, for a total transaction of $133,625.00. Following the transaction, the director now directly owns 11,307 shares in the company, valued at approximately $604,359.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Ben A. Plotkin sold 9,012 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $55.73, for a total value of $502,238.76. Following the transaction, the senior vice president now owns 97,728 shares in the company, valued at $5,446,381.44. The disclosure for this sale can be found here. Insiders sold a total of 22,162 shares of company stock worth $1,254,697 over the last 90 days. Corporate insiders own 3.77% of the company’s stock.

Shares of NYSE SF opened at $59.21 on Friday. Stifel Financial Corp has a one year low of $38.39 and a one year high of $61.94. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.74 and a quick ratio of 0.67. The business’s fifty day moving average price is $54.74 and its 200-day moving average price is $56.31. The stock has a market capitalization of $4.06 billion, a PE ratio of 11.21, a P/E/G ratio of 1.71 and a beta of 1.88.

Stifel Financial (NYSE:SF) last issued its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.07. The business had revenue of $800.80 million for the quarter, compared to analysts’ expectations of $780.94 million. Stifel Financial had a return on equity of 14.73% and a net margin of 13.73%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.22 EPS. As a group, equities analysts expect that Stifel Financial Corp will post 5.68 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.60 dividend on an annualized basis and a yield of 1.01%. Stifel Financial’s dividend payout ratio is currently 11.36%.

Stifel Financial Company Profile

Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States, the United Kingdom, rest of Europe, and Asia. The company operates through three segments: Global Wealth Management, Institutional Group, and Other.

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Institutional Ownership by Quarter for Stifel Financial (NYSE:SF)

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