Capital Management Corp VA Reduces Stake in Stifel Financial Corporation (SF)

Capital Management Corp VA decreased its stake in Stifel Financial Corporation (NYSE:SF) by 2.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,450 shares of the financial services provider’s stock after selling 350 shares during the period. Capital Management Corp VA’s holdings in Stifel Financial Corporation were worth $664,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Quantbot Technologies LP acquired a new stake in Stifel Financial Corporation during the first quarter worth about $190,000. World Asset Management Inc increased its stake in Stifel Financial Corporation by 4.0% in the first quarter. World Asset Management Inc now owns 4,170 shares of the financial services provider’s stock worth $209,000 after buying an additional 160 shares in the last quarter. M&T Bank Corp acquired a new stake in Stifel Financial Corporation during the first quarter worth about $209,000. Greenwood Capital Associates LLC acquired a new stake in Stifel Financial Corporation during the first quarter worth about $219,000. Finally, LS Investment Advisors LLC increased its stake in Stifel Financial Corporation by 1.8% in the first quarter. LS Investment Advisors LLC now owns 4,604 shares of the financial services provider’s stock worth $231,000 after buying an additional 83 shares in the last quarter. Institutional investors and hedge funds own 86.19% of the company’s stock.

Stifel Financial Corporation (SF) opened at 49.78 on Friday. The company’s 50 day moving average is $47.94 and its 200-day moving average is $48.81. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 25.70 and a beta of 1.71. Stifel Financial Corporation has a 52-week low of $36.36 and a 52-week high of $56.62.

Stifel Financial Corporation (NYSE:SF) last announced its quarterly earnings results on Monday, July 31st. The financial services provider reported $0.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.14. Stifel Financial Corporation had a return on equity of 9.30% and a net margin of 6.03%. The business had revenue of $725.60 million for the quarter, compared to analyst estimates of $689.67 million. During the same quarter in the prior year, the company posted $0.69 EPS. The company’s quarterly revenue was up 11.3% on a year-over-year basis. Equities analysts anticipate that Stifel Financial Corporation will post $3.43 EPS for the current fiscal year.

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A number of analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Stifel Financial Corporation from a “buy” rating to a “sell” rating in a research report on Tuesday, May 16th. BidaskClub upgraded shares of Stifel Financial Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Nomura restated a “neutral” rating on shares of Stifel Financial Corporation in a research report on Tuesday, May 23rd. TheStreet upgraded shares of Stifel Financial Corporation from a “c+” rating to a “b” rating in a research report on Monday, July 31st. Finally, Wells Fargo & Company reiterated a “market perform” rating and set a $50.00 price objective (down from $54.00) on shares of Stifel Financial Corporation in a research report on Monday, June 12th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $53.33.

In related news, Director David A. Peacock purchased 4,500 shares of Stifel Financial Corporation stock in a transaction on Wednesday, August 2nd. The shares were bought at an average price of $50.03 per share, with a total value of $225,135.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Frederick O. Hanser sold 4,000 shares of the stock in a transaction dated 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 directly owns 33,255 shares in the company, valued at approximately $1,662,750. The disclosure for this sale can be found here. 5.14% of the stock is currently owned by corporate insiders.

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.

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

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