Capstone Asset Management Co. Purchases 830 Shares of Stifel Financial Corporation (SF)
Capstone Asset Management Co. boosted its position in shares of Stifel Financial Corporation (NYSE:SF) by 12.1% during the second quarter, Holdings Channel reports. The institutional investor owned 7,690 shares of the financial services provider’s stock after buying an additional 830 shares during the period. Capstone Asset Management Co.’s holdings in Stifel Financial Corporation were worth $354,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of SF. Driehaus Capital Management LLC bought a new stake in shares of Stifel Financial Corporation during the first quarter worth approximately $645,000. Macquarie Group Ltd. boosted its stake in shares of Stifel Financial Corporation by 5.6% in the first quarter. Macquarie Group Ltd. now owns 1,824,411 shares of the financial services provider’s stock worth $91,567,000 after buying an additional 96,154 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in shares of Stifel Financial Corporation by 1.5% in the first quarter. Metropolitan Life Insurance Co. NY now owns 105,124 shares of the financial services provider’s stock worth $5,276,000 after buying an additional 1,550 shares during the last quarter. Paloma Partners Management Co bought a new stake in shares of Stifel Financial Corporation during the first quarter worth approximately $514,000. Finally, AQR Capital Management LLC bought a new stake in shares of Stifel Financial Corporation during the first quarter worth approximately $992,000. 86.19% of the stock is currently owned by institutional investors.
Stifel Financial Corporation (SF) traded down 1.23% during mid-day trading on Thursday, hitting $49.92. The company had a trading volume of 128,331 shares. Stifel Financial Corporation has a 12 month low of $35.63 and a 12 month high of $56.62. The firm has a market capitalization of $3.42 billion, a P/E ratio of 25.77 and a beta of 1.71. The company has a 50-day moving average price of $47.60 and a 200 day moving average price of $48.79.
Stifel Financial Corporation (NYSE:SF) last issued its quarterly earnings data on Monday, July 31st. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.14. The business had revenue of $725.60 million during the quarter, compared to analysts’ expectations of $689.67 million. Stifel Financial Corporation had a return on equity of 9.40% and a net margin of 6.03%. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.69 EPS. Equities analysts forecast that Stifel Financial Corporation will post $3.43 EPS for the current fiscal year.
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A number of analysts have commented on SF shares. Zacks Investment Research cut Stifel Financial Corporation from a “buy” rating to a “sell” rating in a research report on Tuesday, May 16th. Nomura restated a “neutral” rating on shares of Stifel Financial Corporation in a research report on Tuesday, May 23rd. BidaskClub upgraded Stifel Financial Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Wells Fargo & Company restated a “market perform” rating and issued a $50.00 price target (down previously from $54.00) on shares of Stifel Financial Corporation in a research report on Monday, June 12th. Finally, Instinet cut Stifel Financial Corporation from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $60.00 to $51.00 in a research report on Tuesday, May 23rd. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $53.33.
In other Stifel Financial Corporation news, Director David A. Peacock purchased 4,500 shares of Stifel Financial Corporation stock in a transaction that occurred on Wednesday, August 2nd. The stock was bought at an average price of $50.03 per share, with a total value of $225,135.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Frederick O. Hanser sold 4,000 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $50.00, for a total value of $200,000.00. Following the completion of the transaction, the director now directly owns 33,255 shares of the company’s stock, valued at approximately $1,662,750. The disclosure for this sale can be found here. 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. 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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