World Asset Management Inc bought a new position in Stifel Financial Corporation (NYSE:SF) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 4,358 shares of the financial services provider’s stock, valued at approximately $233,000. World Asset Management Inc owned about 6,379.74% of Stifel Financial Corporation at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Stifel Financial Corporation by 0.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,990 shares of the financial services provider’s stock worth $459,000 after purchasing an additional 35 shares during the period. Neuberger Berman Group LLC increased its stake in Stifel Financial Corporation by 0.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 5,627 shares of the financial services provider’s stock worth $259,000 after purchasing an additional 42 shares during the period. Public Employees Retirement System of Ohio increased its stake in Stifel Financial Corporation by 5.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,379 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 113 shares during the period. Greenwood Capital Associates LLC increased its stake in Stifel Financial Corporation by 2.9% in the 2nd quarter. Greenwood Capital Associates LLC now owns 4,502 shares of the financial services provider’s stock worth $207,000 after purchasing an additional 129 shares during the period. Finally, ETRADE Capital Management LLC increased its stake in Stifel Financial Corporation by 0.7% in the 2nd quarter. ETRADE Capital Management LLC now owns 19,819 shares of the financial services provider’s stock worth $911,000 after purchasing an additional 147 shares during the period. Institutional investors own 87.07% of the company’s stock.

In related news, Director Kelvin R. Westbrook sold 5,200 shares of the 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 transaction, the director now directly owns 6,684 shares in the company, valued at approximately $321,366.72. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.60% of the stock is owned by company insiders.

Shares of Stifel Financial Corporation (NYSE:SF) opened at $52.59 on Friday. The firm has a market capitalization of $3,600.00, a price-to-earnings ratio of 16.32, a P/E/G ratio of 1.27 and a beta of 1.70. Stifel Financial Corporation has a 12 month low of $41.93 and a 12 month high of $56.62. The company has a quick ratio of 0.62, a current ratio of 0.67 and a debt-to-equity ratio of 0.68.

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

SF has been the topic of several research analyst reports. BidaskClub cut Stifel Financial Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. TheStreet raised Stifel Financial Corporation from a “c+” rating to a “b” rating in a research note on Monday, July 31st. Nomura boosted their target price on Stifel Financial Corporation from $56.00 to $58.00 and gave the company a “neutral” rating in a research note on Tuesday, October 31st. Zacks Investment Research raised Stifel Financial Corporation from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a research note on Thursday, October 5th. Finally, JMP Securities reissued a “neutral” rating on shares of Stifel Financial Corporation in a research note on Friday, August 18th. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $56.33.

ILLEGAL ACTIVITY NOTICE: “World Asset Management Inc Buys New Stake in Stifel Financial Corporation (SF)” was published by Watch List News and is owned by of Watch List News. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The legal version of this story can be accessed at https://www.watchlistnews.com/world-asset-management-inc-buys-new-stake-in-stifel-financial-corporation-sf/1695962.html.

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.

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

Receive News & Ratings for Stifel Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stifel Financial Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.