Macquarie Group Ltd. Has $57,463,000 Position in Stifel Financial Corp. (SF)
Macquarie Group Ltd. increased its position in shares of Stifel Financial Corp. (NYSE:SF) by 12.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,827,121 shares of the financial services provider’s stock after buying an additional 202,778 shares during the period. Macquarie Group Ltd. owned approximately 2.76% of Stifel Financial Corp. worth $57,463,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Advisor Group Inc. bought a new position in shares of Stifel Financial Corp. during the second quarter worth approximately $111,000. Paradigm Asset Management Co. LLC increased its stake in shares of Stifel Financial Corp. by 5.4% in the second quarter. Paradigm Asset Management Co. LLC now owns 3,900 shares of the financial services provider’s stock valued at $123,000 after buying an additional 200 shares during the last quarter. LS Investment Advisors LLC increased its stake in shares of Stifel Financial Corp. by 68.3% in the second quarter. LS Investment Advisors LLC now owns 4,003 shares of the financial services provider’s stock valued at $126,000 after buying an additional 1,624 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in shares of Stifel Financial Corp. during the second quarter valued at $152,000. Finally, Bank of Montreal Can acquired a new stake in shares of Stifel Financial Corp. during the second quarter valued at $168,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.
Stifel Financial Corp. (NYSE:SF) last announced its quarterly earnings results on Wednesday, November 2nd. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.07. Stifel Financial Corp. had a net margin of 2.64% and a return on equity of 6.71%. The company had revenue of $641.99 million for the quarter, compared to analysts’ expectations of $629.13 million. During the same quarter in the previous year, the company earned $0.38 earnings per share. Stifel Financial Corp.’s quarterly revenue was up 8.5% on a year-over-year basis.
Several analysts recently weighed in on SF shares. Zacks Investment Research upgraded Stifel Financial Corp. from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 7th. Macquarie raised their price target on Stifel Financial Corp. from $39.00 to $44.00 and gave the company an “outperform” rating in a report on Friday, September 9th. Two investment analysts have rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $40.00.
Stifel Financial Corp. 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. Its principal activities are private client services, including securities transaction and financial planning services; institutional equity and fixed income sales, trading, research and municipal finance; investment banking services, including mergers and acquisitions, public offerings and private placements, and retail and commercial banking, including personal and commercial lending programs.
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