Eagle Asset Management Inc. reduced its stake in Stifel Financial Corporation (NYSE:SF) by 17.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,001,380 shares of the financial services provider’s stock after selling 432,513 shares during the period. Eagle Asset Management Inc. owned 2.92% of Stifel Financial Corporation worth $92,023,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of SF. BlackRock Inc. increased its position in 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 valued at $358,032,000 after buying an additional 7,092,372 shares during the last quarter. Vanguard Group Inc. increased its position in 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 valued at $269,846,000 after buying an additional 392,199 shares during the last quarter. Dimensional Fund Advisors LP increased its position in 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 valued at $114,676,000 after buying an additional 131,440 shares during the last quarter. State Street Corp increased its position in 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 valued at $107,543,000 after buying an additional 66,401 shares during the last quarter. Finally, Macquarie Group Ltd. increased its position in Stifel Financial Corporation by 5.6% in the first quarter. Macquarie Group Ltd. now owns 1,824,411 shares of the financial services provider’s stock valued at $91,567,000 after buying an additional 96,154 shares during the last quarter. Hedge funds and other institutional investors own 87.11% of the company’s stock.

Stifel Financial Corporation (NYSE:SF) traded up 0.91% during trading on Thursday, hitting $47.76. 40,425 shares of the stock were exchanged. The company has a 50-day moving average price of $48.77 and a 200 day moving average price of $48.64. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 24.66 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 released its quarterly earnings data on Monday, July 31st. The financial services provider reported $0.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.14. The company had revenue of $725.60 million for the quarter, compared to analyst estimates of $689.67 million. Stifel Financial Corporation had a return on equity of 9.30% and a net margin of 6.03%. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 earnings per share. Equities analysts predict that Stifel Financial Corporation will post $3.43 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date is Wednesday, August 30th.

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A number of equities analysts have recently commented on SF shares. Zacks Investment Research upgraded shares of Stifel Financial Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, June 7th. Instinet lowered shares of Stifel Financial Corporation from a “buy” rating to a “neutral” rating and cut their price objective for the company from $60.00 to $51.00 in a research report on Tuesday, May 23rd. Wells Fargo & Company restated a “market perform” rating and issued a $50.00 price objective (down from $54.00) on shares of Stifel Financial Corporation in a research report on Monday, June 12th. BidaskClub lowered shares of Stifel Financial Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. Finally, TheStreet upgraded shares of Stifel Financial Corporation from a “c+” rating to a “b” rating in a research report on Monday, July 31st. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Stifel Financial Corporation currently has a consensus rating of “Hold” and an average price target of $53.33.

In other Stifel Financial Corporation news, Director Frederick O. Hanser sold 4,000 shares of the business’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $50.00, for a total transaction of $200,000.00. Following the transaction, the director now owns 33,255 shares of the company’s stock, valued at $1,662,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kelvin R. Westbrook sold 5,200 shares of the business’s 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 disclosure for this sale can be found here. Insiders own 5.14% of the company’s stock.

About Stifel Financial Corporation

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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