American International Group Inc. decreased its position in Stifel Financial Corporation (NYSE:SF) by 0.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 162,900 shares of the financial services provider’s stock after selling 600 shares during the period. American International Group Inc. owned approximately 0.25% of Stifel Financial Corporation worth $6,264,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. California State Teachers Retirement System raised its position in shares of Stifel Financial Corporation by 0.8% in the third quarter. California State Teachers Retirement System now owns 135,865 shares of the financial services provider’s stock worth $5,224,000 after buying an additional 1,100 shares during the period. Boston Partners raised its stake in shares of Stifel Financial Corporation by 43.8% in the third quarter. Boston Partners now owns 1,153,709 shares of the financial services provider’s stock valued at $44,361,000 after buying an additional 351,663 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Stifel Financial Corporation by 1.0% in the third quarter. Ameriprise Financial Inc. now owns 173,754 shares of the financial services provider’s stock valued at $6,680,000 after buying an additional 1,669 shares during the period. Municipal Employees Retirement System of Michigan raised its stake in shares of Stifel Financial Corporation by 1.4% in the third quarter. Municipal Employees Retirement System of Michigan now owns 29,840 shares of the financial services provider’s stock valued at $1,147,000 after buying an additional 410 shares during the period. Finally, BlackRock Group LTD raised its stake in shares of Stifel Financial Corporation by 3.4% in the third quarter. BlackRock Group LTD now owns 51,507 shares of the financial services provider’s stock valued at $1,980,000 after buying an additional 1,676 shares during the period. Hedge funds and other institutional investors own 84.13% of the company’s stock.

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

Shares of Stifel Financial Corporation (NYSE:SF) traded up 1.79% during midday trading on Friday, hitting $50.73. The stock had a trading volume of 266,062 shares. The firm’s 50-day moving average price is $50.74 and its 200-day moving average price is $40.90. Stifel Financial Corporation has a one year low of $25.00 and a one year high of $52.88. The firm has a market capitalization of $3.36 billion, a PE ratio of 61.12 and a beta of 1.67.

Stifel Financial Corporation (NYSE:SF) last released its quarterly earnings results on Wednesday, November 2nd. The financial services provider reported $0.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.07. Stifel Financial Corporation had a return on equity of 6.71% and a net margin of 2.64%. The firm earned $641.99 million during the quarter, compared to analysts’ expectations of $629.13 million. During the same period last year, the firm posted $0.38 EPS. The business’s revenue was up 8.5% on a year-over-year basis. On average, equities analysts predict that Stifel Financial Corporation will post $2.55 EPS for the current year.

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SF has been the subject of several research analyst reports. Zacks Investment Research upgraded Stifel Financial Corporation from a “hold” rating to a “strong-buy” rating and set a $59.00 price objective for the company in a report on Friday, January 6th. TheStreet upgraded Stifel Financial Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, December 13th. Finally, Macquarie lowered Stifel Financial Corporation from an “outperform” rating to a “neutral” rating in a report on Monday, November 28th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $40.83.

In other news, Vice Chairman Ben A. Plotkin sold 15,000 shares of Stifel Financial Corporation stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $50.20, for a total value of $753,000.00. Following the completion of the sale, the insider now directly owns 123,309 shares of the company’s stock, valued at approximately $6,190,111.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Victor Nesi sold 25,000 shares of Stifel Financial Corporation stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $50.20, for a total value of $1,255,000.00. Following the completion of the sale, the director now directly owns 139,373 shares of the company’s stock, valued at $6,996,524.60. The disclosure for this sale can be found here. Corporate insiders own 5.14% of the company’s stock.

Stifel Financial Corporation 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.

5 Day Chart for NYSE:SF

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