Paradigm Asset Management Co. LLC reduced its stake in Stifel Financial Corporation (NYSE:SF) by 50.0% during the second quarter, according to its most recent filing with the SEC. The fund owned 2,200 shares of the financial services provider’s stock after selling 2,200 shares during the period. Paradigm Asset Management Co. LLC’s holdings in Stifel Financial Corporation were worth $101,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of SF. Bank of Montreal Can boosted its stake in shares of Stifel Financial Corporation by 40.7% in the first quarter. Bank of Montreal Can now owns 72,906 shares of the financial services provider’s stock valued at $3,659,000 after buying an additional 21,090 shares during the period. Capstone Asset Management Co. boosted its stake in shares of Stifel Financial Corporation by 9.4% in the first quarter. Capstone Asset Management Co. now owns 6,860 shares of the financial services provider’s stock valued at $344,000 after buying an additional 590 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of Stifel Financial Corporation by 4.9% in the first quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the financial services provider’s stock valued at $863,000 after buying an additional 800 shares during the period. Retirement Systems of Alabama boosted its stake in shares of Stifel Financial Corporation by 2.8% in the first quarter. Retirement Systems of Alabama now owns 87,979 shares of the financial services provider’s stock valued at $4,416,000 after buying an additional 2,423 shares during the period. Finally, Nationwide Fund Advisors boosted its stake in shares of Stifel Financial Corporation by 5.5% in the first quarter. Nationwide Fund Advisors now owns 160,351 shares of the financial services provider’s stock valued at $8,048,000 after buying an additional 8,431 shares during the period. Hedge funds and other institutional investors own 87.11% of the company’s stock.

Stifel Financial Corporation (NYSE SF) opened at 47.33 on Thursday. Stifel Financial Corporation has a 52 week low of $36.71 and a 52 week high of $56.62. The company has a 50-day moving average price of $48.77 and a 200-day moving average price of $48.64. The stock has a market cap of $3.23 billion, a PE ratio of 24.43 and a beta of 1.71.

Stifel Financial Corporation (NYSE:SF) last posted its quarterly earnings results on Monday, July 31st. The financial services provider reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.14. Stifel Financial Corporation had a return on equity of 9.30% and a net margin of 6.03%. The business had revenue of $725.60 million for the quarter, compared to the consensus estimate of $689.67 million. During the same period in the prior year, the business earned $0.69 EPS. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. Analysts anticipate that Stifel Financial Corporation will post $3.43 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors 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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SF has been the topic of several research reports. Zacks Investment Research cut shares of Stifel Financial Corporation from a “buy” rating to a “sell” rating in a research report on Tuesday, May 16th. Instinet cut shares of Stifel Financial Corporation from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $60.00 to $51.00 in a research report on Tuesday, May 23rd. Nomura reiterated a “neutral” rating on shares of Stifel Financial Corporation in a research report on Tuesday, May 23rd. Wells Fargo & Company reissued 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. Finally, BidaskClub raised Stifel Financial Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Stifel Financial Corporation currently has a consensus rating of “Hold” and a consensus price target of $53.33.

In related news, Director Kelvin R. Westbrook sold 5,200 shares of the company’s 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 transaction, the director now directly owns 6,684 shares of the company’s stock, valued at approximately $321,366.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Frederick O. Hanser sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $50.00, for a total value of $200,000.00. Following the transaction, the director now directly owns 33,255 shares in the company, valued at $1,662,750. The disclosure for this sale can be found here. 5.14% of the stock is currently owned by corporate insiders.

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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