State of Wisconsin Investment Board decreased its position in Stifel Financial Corporation (NYSE:SF) by 7.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 232,941 shares of the financial services provider’s stock after selling 19,600 shares during the period. State of Wisconsin Investment Board owned about 0.34% of Stifel Financial Corporation worth $10,711,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Stifel Financial Corporation by 17,220.8% in the first quarter. BlackRock Inc. now owns 7,133,557 shares of the financial services provider’s stock worth $358,032,000 after buying an additional 7,092,372 shares during the period. Vanguard Group Inc. raised its stake in shares of Stifel Financial Corporation by 7.9% in the first quarter. Vanguard Group Inc. now owns 5,376,492 shares of the financial services provider’s stock worth $269,846,000 after buying an additional 392,199 shares during the period. Eagle Asset Management Inc. raised its stake in shares of Stifel Financial Corporation by 1.8% in the first quarter. Eagle Asset Management Inc. now owns 2,433,893 shares of the financial services provider’s stock worth $122,157,000 after buying an additional 44,058 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Stifel Financial Corporation by 6.1% in the first quarter. Dimensional Fund Advisors LP now owns 2,284,872 shares of the financial services provider’s stock worth $114,676,000 after buying an additional 131,440 shares during the period. Finally, State Street Corp raised its stake in shares of Stifel Financial Corporation by 3.2% in the first quarter. State Street Corp now owns 2,142,737 shares of the financial services provider’s stock worth $107,543,000 after buying an additional 66,401 shares during the period. 85.81% of the stock is currently owned by institutional investors and hedge funds.

Shares of Stifel Financial Corporation (SF) opened at 48.58 on Thursday. The firm’s 50-day moving average is $48.72 and its 200 day moving average is $48.69. The company has a market cap of $3.32 billion, a price-to-earnings ratio of 25.08 and a beta of 1.71. Stifel Financial Corporation has a 1-year low of $36.71 and a 1-year high of $56.62.

Stifel Financial Corporation (NYSE:SF) last issued its quarterly earnings results on Monday, July 31st. The financial services provider reported $0.90 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 9.30% and a net margin of 6.03%. The business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.69 earnings per share. Equities analysts expect that Stifel Financial Corporation will post $3.43 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.82%.

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A number of brokerages recently issued reports on SF. BidaskClub lowered shares of Stifel Financial Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. 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 lowered shares of Stifel Financial Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, June 14th. JMP Securities restated a “neutral” rating on shares of Stifel Financial Corporation in a research note on Friday, August 18th. Finally, Wells Fargo & Company restated a “market perform” rating and issued a $50.00 price target (down previously from $54.00) on shares of Stifel Financial Corporation in a research note on Monday, June 12th. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $53.33.

In related news, Director Frederick O. Hanser sold 4,000 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $50.00, for a total transaction of $200,000.00. Following the sale, the director now owns 33,255 shares in the company, valued at approximately $1,662,750. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 acquired at an average price of $50.03 per share, for a total transaction of $225,135.00. The disclosure for this purchase can be found here. Corporate insiders own 5.14% of the company’s stock.

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.

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

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