D.A. Davidson & CO. cut its holdings in Stifel Financial Corporation (NYSE:SF) by 3.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,329 shares of the financial services provider’s stock after selling 148 shares during the quarter. D.A. Davidson & CO.’s holdings in Stifel Financial Corporation were worth $199,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Stifel Financial Corporation by 9.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,570 shares of the financial services provider’s stock valued at $118,000 after acquiring an additional 212 shares in the last quarter. Quantbot Technologies LP bought a new stake in Stifel Financial Corporation in the 1st quarter valued at approximately $190,000. Pacad Investment Ltd. lifted its stake in Stifel Financial Corporation by 442.9% in the 2nd quarter. Pacad Investment Ltd. now owns 3,800 shares of the financial services provider’s stock valued at $175,000 after acquiring an additional 3,100 shares in the last quarter. Riverhead Capital Management LLC lifted its stake in Stifel Financial Corporation by 91.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,827 shares of the financial services provider’s stock valued at $176,000 after acquiring an additional 1,827 shares in the last quarter. Finally, World Asset Management Inc lifted its stake in Stifel Financial Corporation by 4.0% in the 1st quarter. World Asset Management Inc now owns 4,170 shares of the financial services provider’s stock valued at $209,000 after acquiring an additional 160 shares in the last quarter. Institutional investors and hedge funds own 86.93% of the company’s stock.

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In related news, Director David A. Peacock bought 4,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were bought at an average price of $50.03 per share, with a total value of $225,135.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kelvin R. Westbrook sold 5,200 shares of Stifel Financial Corporation stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $48.08, for a total value of $250,016.00. Following the transaction, the director now directly owns 6,684 shares in the company, valued at approximately $321,366.72. The disclosure for this sale can be found here. 3.60% of the stock is owned by insiders.

SF has been the topic of several research reports. Zacks Investment Research cut Stifel Financial Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday. Wells Fargo & Company restated a “market perform” rating and issued 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 Stifel Financial Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. TheStreet upgraded Stifel Financial Corporation from a “c+” rating to a “b” rating in a research note on Monday, July 31st. Finally, JMP Securities restated a “neutral” rating on shares of Stifel Financial Corporation in a research note on Friday, August 18th. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Stifel Financial Corporation currently has a consensus rating of “Hold” and an average target price of $56.00.

Shares of Stifel Financial Corporation (NYSE SF) opened at 53.46 on Friday. The company has a market cap of $3.65 billion, a PE ratio of 27.60 and a beta of 1.73. Stifel Financial Corporation has a 52 week low of $36.71 and a 52 week high of $56.62. The stock’s 50 day moving average price is $49.31 and its 200-day moving average price is $47.76.

Stifel Financial Corporation (NYSE:SF) last announced its quarterly earnings data on Monday, July 31st. The financial services provider reported $0.90 EPS for the quarter, beating the Zacks’ 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 quarter last year, the firm posted $0.69 earnings per share. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. Analysts expect that Stifel Financial Corporation will post $3.46 EPS for the current year.

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

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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