Amalgamated Bank boosted its holdings in shares of Stifel Financial Corporation (NYSE:SF) by 4.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,493 shares of the financial services provider’s stock after purchasing an additional 435 shares during the quarter. Amalgamated Bank’s holdings in Stifel Financial Corporation were worth $436,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. BlackRock Inc. lifted its position in shares of Stifel Financial Corporation by 17,220.8% in the 1st quarter. BlackRock Inc. now owns 7,133,557 shares of the financial services provider’s stock worth $358,032,000 after acquiring an additional 7,092,372 shares during the period. Vanguard Group Inc. lifted its position in shares of Stifel Financial Corporation by 7.9% in the 1st quarter. Vanguard Group Inc. now owns 5,376,492 shares of the financial services provider’s stock worth $269,846,000 after acquiring an additional 392,199 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Stifel Financial Corporation by 6.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,284,872 shares of the financial services provider’s stock worth $114,676,000 after acquiring an additional 131,440 shares during the period. State Street Corp lifted its position in shares of Stifel Financial Corporation by 3.2% in the 1st quarter. State Street Corp now owns 2,142,737 shares of the financial services provider’s stock worth $107,543,000 after acquiring an additional 66,401 shares during the period. Finally, Macquarie Group Ltd. lifted its position in shares of Stifel Financial Corporation by 5.6% in the 1st quarter. Macquarie Group Ltd. now owns 1,824,411 shares of the financial services provider’s stock worth $91,567,000 after acquiring an additional 96,154 shares during the period. Hedge funds and other institutional investors own 86.93% of the company’s stock.

Stifel Financial Corporation (NYSE SF) opened at 53.44 on Friday. The firm has a market capitalization of $3.65 billion, a PE ratio of 27.59 and a beta of 1.73. The stock has a 50 day moving average price of $49.47 and a 200-day moving average price of $47.77. Stifel Financial Corporation has a one year low of $36.71 and a one year high of $56.62.

Stifel Financial Corporation (NYSE:SF) last released its earnings results on Monday, July 31st. The financial services provider reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.14. Stifel Financial Corporation had a return on equity of 9.30% and a net margin of 6.03%. The firm had revenue of $725.60 million during the quarter, compared to analysts’ expectations of $689.67 million. During the same period in the prior year, the company earned $0.69 earnings per share. The company’s quarterly revenue was up 11.3% on a year-over-year basis. On average, equities analysts forecast that Stifel Financial Corporation will post $3.46 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Wednesday, August 30th. Stifel Financial Corporation’s payout ratio is presently 20.73%.

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In other Stifel Financial Corporation news, Director Frederick O. Hanser sold 4,000 shares of the company’s 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 completion of the sale, the director now directly owns 33,255 shares in the company, valued at $1,662,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kelvin R. Westbrook sold 5,200 shares of the company’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 sale, the director now owns 6,684 shares of the company’s stock, valued at $321,366.72. The disclosure for this sale can be found here. 3.60% of the stock is owned by corporate insiders.

A number of brokerages have commented on SF. Zacks Investment Research downgraded Stifel Financial Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday. BidaskClub upgraded Stifel Financial Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. JMP Securities reissued a “neutral” rating on shares of Stifel Financial Corporation in a report on Friday, August 18th. Wells Fargo & Company reissued a “market perform” rating and issued a $50.00 target price (down from $54.00) on shares of Stifel Financial Corporation in a report on Monday, June 12th. Finally, TheStreet raised Stifel Financial Corporation from a “c+” rating to a “b” rating in a report on Monday, July 31st. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $56.00.

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.

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

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