Aperio Group LLC lowered its stake in Stifel Financial Corporation (NYSE:SF) by 25.3% during the second quarter, Holdings Channel reports. The firm owned 32,944 shares of the financial services provider’s stock after selling 11,143 shares during the period. Aperio Group LLC’s holdings in Stifel Financial Corporation were worth $1,515,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in SF. BlackRock Inc. boosted its stake in shares of Stifel Financial Corporation by 17,220.8% in the first 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 during the period. Vanguard Group Inc. boosted its stake in shares of Stifel Financial Corporation by 7.9% in the first quarter. Vanguard Group Inc. now owns 5,376,492 shares of the financial services provider’s stock valued at $269,846,000 after buying an additional 392,199 shares during the period. Eagle Asset Management Inc. boosted its stake in shares of Stifel Financial Corporation by 1.8% in the first quarter. Eagle Asset Management Inc. now owns 2,433,893 shares of the financial services provider’s stock valued at $122,157,000 after buying an additional 44,058 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Stifel Financial Corporation by 6.1% in the first quarter. Dimensional Fund Advisors LP now owns 2,284,872 shares of the financial services provider’s stock valued at $114,676,000 after buying an additional 131,440 shares during the period. Finally, State Street Corp boosted its stake in shares of Stifel Financial Corporation by 3.2% in the first 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 during the period. 86.19% of the stock is currently owned by institutional investors.

Stifel Financial Corporation (NYSE SF) traded up 0.40% on Friday, hitting $49.78. The stock had a trading volume of 489,617 shares. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 25.70 and a beta of 1.71. Stifel Financial Corporation has a one year low of $36.36 and a one year high of $56.62. The stock’s 50 day moving average is $47.94 and its 200 day moving average is $48.81.

Stifel Financial Corporation (NYSE:SF) last posted its earnings results on Monday, July 31st. The financial services provider reported $0.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.14. The company 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%. Stifel Financial Corporation’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.69 earnings per share. Analysts anticipate that Stifel Financial Corporation will post $3.43 earnings per share for the current year.

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SF has been the topic of several recent research reports. Zacks Investment Research raised shares of Stifel Financial Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, June 7th. Instinet cut shares of Stifel Financial Corporation from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $60.00 to $51.00 in a research note on Tuesday, May 23rd. Wells Fargo & Company reaffirmed a “market perform” rating and set a $50.00 target price (down previously from $54.00) on shares of Stifel Financial Corporation in a research note on Monday, June 12th. BidaskClub cut shares of Stifel Financial Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. Finally, TheStreet raised shares of Stifel Financial Corporation from a “c+” rating to a “b” rating in a research note on Monday, July 31st. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $53.33.

In related news, Director Frederick O. Hanser sold 4,000 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $50.00, for a total transaction of $200,000.00. Following the sale, the director now owns 33,255 shares of the company’s stock, valued at $1,662,750. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director David A. Peacock acquired 4,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were bought at an average cost of $50.03 per share, for a total transaction of $225,135.00. The disclosure for this purchase 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.

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

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