Wells Fargo & Company MN lifted its position in Stifel Financial Corporation (NYSE:SF) by 10.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 746,631 shares of the financial services provider’s stock after buying an additional 71,031 shares during the period. Wells Fargo & Company MN owned about 1.09% of Stifel Financial Corporation worth $34,330,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Stifel Financial Corporation by 9.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,570 shares of the financial services provider’s stock worth $118,000 after buying an additional 212 shares in the last quarter. Pacad Investment Ltd. lifted its stake in shares of Stifel Financial Corporation by 442.9% in the second quarter. Pacad Investment Ltd. now owns 3,800 shares of the financial services provider’s stock worth $175,000 after buying an additional 3,100 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Stifel Financial Corporation in the first quarter worth approximately $190,000. Capital Advisors Inc. OK bought a new position in shares of Stifel Financial Corporation in the second quarter worth approximately $202,000. Finally, Greenwood Capital Associates LLC lifted its stake in shares of Stifel Financial Corporation by 2.9% in the second quarter. Greenwood Capital Associates LLC now owns 4,502 shares of the financial services provider’s stock worth $207,000 after buying an additional 129 shares in the last quarter. Hedge funds and other institutional investors own 86.93% of the company’s stock.

SF has been the topic of several analyst reports. Zacks Investment Research downgraded shares of Stifel Financial Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, June 14th. BidaskClub raised shares of Stifel Financial Corporation from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. TheStreet raised shares of Stifel Financial Corporation from a “c+” rating to a “b” rating in a report on Monday, July 31st. Wells Fargo & Company reissued a “market perform” rating and set a $50.00 price objective (down from $54.00) on shares of Stifel Financial Corporation in a report on Monday, June 12th. Finally, JMP Securities reissued a “neutral” rating on shares of Stifel Financial Corporation in a report on Friday, August 18th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Stifel Financial Corporation has an average rating of “Hold” and a consensus target price of $55.20.

In related news, Director David A. Peacock bought 4,500 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The stock was bought at an average cost of $50.03 per share, for a total transaction of $225,135.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Kelvin R. Westbrook sold 5,200 shares of Stifel Financial Corporation stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $48.08, for a total transaction of $250,016.00. Following the completion of 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. 5.14% of the stock is owned by company insiders.

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Stifel Financial Corporation (NYSE SF) opened at 50.00 on Thursday. The stock’s 50 day moving average is $48.57 and its 200 day moving average is $47.76. The stock has a market capitalization of $3.42 billion, a PE ratio of 25.81 and a beta of 1.70. Stifel Financial Corporation has a 12-month low of $36.71 and a 12-month 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 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.14. The company had revenue of $725.60 million during the quarter, compared to analysts’ expectations of $689.67 million. Stifel Financial Corporation had a net margin of 6.03% and a return on equity of 9.30%. Stifel Financial Corporation’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period last year, the business earned $0.69 EPS. Equities analysts anticipate that Stifel Financial Corporation will post $3.43 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend was Wednesday, August 30th. Stifel Financial Corporation’s dividend payout ratio (DPR) is presently 20.73%.

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

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