Northwestern Mutual Investment Management Company LLC cut its stake in Stifel Financial Corporation (NYSE:SF) by 2.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,476 shares of the financial services provider’s stock after selling 268 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Stifel Financial Corporation were worth $361,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of SF. Capital Advisors Inc. OK purchased a new position in shares of Stifel Financial Corporation during the 2nd quarter worth $202,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Stifel Financial Corporation by 0.4% during 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. State of Tennessee Treasury Department grew its holdings in shares of Stifel Financial Corporation by 11.1% during the 2nd quarter. State of Tennessee Treasury Department now owns 100,000 shares of the financial services provider’s stock worth $4,598,000 after purchasing an additional 10,000 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in shares of Stifel Financial Corporation by 1.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 31,849 shares of the financial services provider’s stock worth $1,464,000 after purchasing an additional 320 shares during the period. Finally, Swiss National Bank grew its holdings in shares of Stifel Financial Corporation by 4.1% during the 2nd quarter. Swiss National Bank now owns 113,542 shares of the financial services provider’s stock worth $5,221,000 after purchasing an additional 4,500 shares during the period. 87.11% of the stock is owned by institutional investors and hedge funds.

Stifel Financial Corporation (NYSE:SF) opened at 48.44 on Friday. The stock’s 50 day moving average price is $48.63 and its 200-day moving average price is $47.93. Stifel Financial Corporation has a 12-month low of $36.71 and a 12-month high of $56.62. The stock has a market capitalization of $3.31 billion, a PE ratio of 25.01 and a beta of 1.70.

Stifel Financial Corporation (NYSE:SF) last released its earnings results on Monday, July 31st. The financial services provider reported $0.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.14. The firm had revenue of $725.60 million during 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 business’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.69 earnings per share. Analysts expect that Stifel Financial Corporation will post $3.43 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were paid a $0.10 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $0.40 annualized dividend and a yield of 0.83%. Stifel Financial Corporation’s payout ratio is currently 20.73%.

A number of equities analysts have recently weighed in on the company. JMP Securities reiterated a “neutral” rating on shares of Stifel Financial Corporation in a report on Friday, August 18th. BidaskClub cut Stifel Financial Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Zacks Investment Research upgraded Stifel Financial Corporation from a “sell” rating to a “buy” rating and set a $57.00 price target for the company in a report on Thursday, August 3rd. TheStreet upgraded Stifel Financial Corporation from a “c+” rating to a “b” rating in a report on Monday, July 31st. Finally, Wells Fargo & Company reiterated a “market perform” rating and set a $50.00 price target (down from $54.00) on shares of Stifel Financial Corporation in a report on Monday, June 12th. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $55.20.

In other Stifel Financial Corporation news, Director Kelvin R. Westbrook sold 5,200 shares of the business’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $48.08, for a total transaction of $250,016.00. Following the completion of the sale, the director now owns 6,684 shares of the company’s stock, valued at $321,366.72. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David A. Peacock purchased 4,500 shares of the stock in a transaction on Wednesday, August 2nd. The shares were purchased at an average cost of $50.03 per share, with a total value of $225,135.00. The disclosure for this purchase can be found here. Corporate insiders own 5.14% of the company’s stock.

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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.

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

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