Boston Advisors LLC Decreases Holdings in Stifel Financial Corporation (SF)

Boston Advisors LLC decreased its position in Stifel Financial Corporation (NYSE:SF) by 2.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 107,185 shares of the financial services provider’s stock after selling 3,120 shares during the quarter. Boston Advisors LLC owned approximately 0.16% of Stifel Financial Corporation worth $5,730,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Amalgamated Bank raised its holdings in Stifel Financial Corporation by 0.3% in the first quarter. Amalgamated Bank now owns 9,058 shares of the financial services provider’s stock worth $455,000 after purchasing an additional 23 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Stifel Financial Corporation by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,990 shares of the financial services provider’s stock worth $459,000 after purchasing an additional 35 shares in the last quarter. Neuberger Berman Group LLC raised its holdings in Stifel Financial Corporation by 0.8% in the second quarter. Neuberger Berman Group LLC now owns 5,627 shares of the financial services provider’s stock worth $259,000 after purchasing an additional 42 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in Stifel Financial Corporation by 5.0% in the second quarter. Public Employees Retirement System of Ohio now owns 2,379 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 113 shares in the last quarter. Finally, Greenwood Capital Associates LLC raised its holdings in Stifel Financial Corporation by 2.9% in the second quarter. Greenwood Capital Associates LLC now owns 4,502 shares of the financial services provider’s stock worth $207,000 after purchasing an additional 129 shares in the last quarter. Institutional investors and hedge funds own 86.97% of the company’s stock.

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In other news, Director Kelvin R. Westbrook sold 5,200 shares of the business’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $48.08, for a total value of $250,016.00. Following the completion of the transaction, the director now directly owns 6,684 shares of the company’s stock, valued at approximately $321,366.72. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director David A. Peacock purchased 4,500 shares of Stifel Financial Corporation stock in a transaction dated Wednesday, August 2nd. The stock was bought at an average cost of $50.03 per share, with a total value of $225,135.00. The disclosure for this purchase can be found here. Insiders own 3.60% of the company’s stock.

A number of equities analysts have issued reports on SF shares. Zacks Investment Research downgraded Stifel Financial Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. TheStreet upgraded Stifel Financial Corporation from a “c+” rating to a “b” rating in a report on Monday, July 31st. BidaskClub downgraded Stifel Financial Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Finally, JMP Securities reiterated a “neutral” rating on shares of Stifel Financial Corporation in a report on Friday, August 18th. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $56.00.

Stifel Financial Corporation (NYSE:SF) opened at 51.99 on Friday. Stifel Financial Corporation has a one year low of $36.71 and a one year high of $56.62. The stock’s 50 day moving average price is $51.51 and its 200 day moving average price is $48.17. The company has a market capitalization of $3.55 billion, a P/E ratio of 26.84 and a beta of 1.73.

Stifel Financial Corporation (NYSE:SF) last released its quarterly earnings results on Monday, July 31st. The financial services provider reported $0.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.14. The firm had revenue of $725.60 million during 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 for the quarter was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.69 EPS. Equities analysts anticipate that Stifel Financial Corporation will post $3.44 EPS for the current fiscal year.

Stifel Financial Corporation 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. 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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