Texas Permanent School Fund boosted its position in Stifel Financial Corporation (NYSE:SF) by 1.3% during the second quarter, Holdings Channel reports. The institutional investor owned 49,976 shares of the financial services provider’s stock after buying an additional 637 shares during the period. Texas Permanent School Fund’s holdings in Stifel Financial Corporation were worth $2,298,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. bought a new stake in shares of Stifel Financial Corporation during the fourth quarter worth about $332,000. Sheets Smith Wealth Management bought a new stake in shares of Stifel Financial Corporation during the first quarter worth about $394,000. Bank of Montreal Can increased its stake in shares of Stifel Financial Corporation by 40.7% in the first quarter. Bank of Montreal Can now owns 72,906 shares of the financial services provider’s stock worth $3,659,000 after buying an additional 21,090 shares during the period. First National Bank of Omaha increased its stake in shares of Stifel Financial Corporation by 6.6% in the first quarter. First National Bank of Omaha now owns 96,630 shares of the financial services provider’s stock worth $4,632,000 after buying an additional 5,965 shares during the period. Finally, Capstone Asset Management Co. increased its stake in shares of Stifel Financial Corporation by 9.4% in the first quarter. Capstone Asset Management Co. now owns 6,860 shares of the financial services provider’s stock worth $344,000 after buying an additional 590 shares during the period. Institutional investors own 86.19% of the company’s stock.

Stifel Financial Corporation (SF) opened at 49.58 on Friday. Stifel Financial Corporation has a 1-year low of $35.63 and a 1-year high of $56.62. The company has a market cap of $3.39 billion, a PE ratio of 25.60 and a beta of 1.71. The stock’s 50 day moving average price is $47.76 and its 200-day moving average price is $48.80.

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, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.14. The firm had revenue of $725.60 million for the quarter, compared to analyst estimates of $689.67 million. Stifel Financial Corporation had a net margin of 6.03% and a return on equity of 9.30%. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.69 EPS. On average, analysts forecast that Stifel Financial Corporation will post $3.43 earnings per share for the current year.

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A number of brokerages have issued reports on SF. BidaskClub upgraded Stifel Financial Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Zacks Investment Research upgraded Stifel Financial Corporation from a “sell” rating to a “buy” rating and set a $57.00 price objective on the stock in a research report on Thursday, August 3rd. TheStreet upgraded Stifel Financial Corporation from a “c+” rating to a “b” rating in a research report on Monday, July 31st. Wells Fargo & Company restated 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. Finally, Nomura restated a “neutral” rating on shares of Stifel Financial Corporation in a research report on Tuesday, May 23rd. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Stifel Financial Corporation currently has a consensus rating of “Hold” and an average target price of $53.33.

In other news, Director Frederick O. Hanser sold 4,000 shares of Stifel Financial Corporation stock in a transaction that occurred on Friday, August 4th. The shares were 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 approximately $1,662,750. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director David A. Peacock purchased 4,500 shares of Stifel Financial Corporation stock in a transaction dated Wednesday, August 2nd. The shares were purchased 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 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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