Aperio Group LLC trimmed its stake in shares of Stifel Financial Corporation (NYSE:SF) by 9.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,991 shares of the financial services provider’s stock after selling 2,953 shares during the period. Aperio Group LLC’s holdings in Stifel Financial Corporation were worth $1,603,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Janney Montgomery Scott LLC increased its stake in Stifel Financial Corporation by 9.8% in the 2nd quarter. Janney Montgomery Scott LLC now owns 87,873 shares of the financial services provider’s stock valued at $4,040,000 after buying an additional 7,817 shares during the last quarter. AXA increased its stake in Stifel Financial Corporation by 216.1% in the 2nd quarter. AXA now owns 137,500 shares of the financial services provider’s stock valued at $6,322,000 after buying an additional 94,000 shares during the last quarter. Arizona State Retirement System increased its stake in Stifel Financial Corporation by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 28,900 shares of the financial services provider’s stock valued at $1,329,000 after buying an additional 600 shares during the last quarter. Peregrine Capital Management LLC increased its stake in shares of Stifel Financial Corporation by 0.3% during the 2nd quarter. Peregrine Capital Management LLC now owns 716,300 shares of the financial services provider’s stock worth $32,935,000 after purchasing an additional 1,887 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of Stifel Financial Corporation by 70.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 6,230 shares of the financial services provider’s stock worth $286,000 after purchasing an additional 2,572 shares during the last quarter. Institutional investors and hedge funds own 86.64% of the company’s stock.

Stifel Financial Corporation (NYSE:SF) opened at $52.17 on Thursday. The company has a market cap of $3,585.63, a P/E ratio of 16.32, a PEG ratio of 1.27 and a beta of 1.70. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.68. Stifel Financial Corporation has a 12-month low of $41.93 and a 12-month high of $56.62.

Stifel Financial Corporation (NYSE:SF) last issued its earnings results on Monday, October 30th. The financial services provider reported $0.89 EPS for the quarter, beating the consensus estimate of $0.83 by $0.06. The company had revenue of $721.20 million during the quarter, compared to analysts’ expectations of $701.12 million. Stifel Financial Corporation had a net margin of 7.61% and a return on equity of 9.78%. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.69 EPS. sell-side analysts predict that Stifel Financial Corporation will post 3.44 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.77%. The ex-dividend date is Thursday, November 30th. Stifel Financial Corporation’s payout ratio is presently 15.94%.

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Several research analysts have recently weighed in on SF shares. TheStreet upgraded shares of Stifel Financial Corporation from a “c+” rating to a “b” rating in a research note on Monday, July 31st. Zacks Investment Research raised shares of Stifel Financial Corporation from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a report on Thursday, October 5th. BidaskClub raised shares of Stifel Financial Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Nomura lifted their target price on shares of Stifel Financial Corporation from $56.00 to $58.00 and gave the stock a “neutral” rating in a report on Tuesday, October 31st. Finally, JMP Securities reaffirmed a “neutral” rating on shares of Stifel Financial Corporation in a report on Friday, August 18th. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $56.33.

In related news, Director Kelvin R. Westbrook sold 5,200 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $48.08, for a total transaction of $250,016.00. Following the completion of the transaction, the director now directly owns 6,684 shares in the company, valued at approximately $321,366.72. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James M. Oates sold 1,768 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $52.27, for a total transaction of $92,413.36. Following the transaction, the director now owns 28,640 shares of the company’s stock, valued at $1,497,012.80. The disclosure for this sale can be found here. Insiders sold a total of 34,504 shares of company stock valued at $1,783,996 over the last 90 days. Corporate insiders own 3.60% of the company’s stock.

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.

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

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