Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Stifel Financial Corporation (NYSE:SF) by 0.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,990 shares of the financial services provider’s stock after purchasing an additional 35 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Stifel Financial Corporation were worth $459,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. lifted its stake in Stifel Financial Corporation by 17,220.8% in the 1st quarter. BlackRock Inc. now owns 7,133,557 shares of the financial services provider’s stock worth $358,032,000 after acquiring an additional 7,092,372 shares in the last quarter. Vanguard Group Inc. lifted its stake in Stifel Financial Corporation by 7.9% in the 1st quarter. Vanguard Group Inc. now owns 5,376,492 shares of the financial services provider’s stock worth $269,846,000 after acquiring an additional 392,199 shares in the last quarter. Hodges Capital Management Inc. lifted its stake in Stifel Financial Corporation by 338.9% in the 2nd quarter. Hodges Capital Management Inc. now owns 307,230 shares of the financial services provider’s stock worth $14,126,000 after acquiring an additional 237,230 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Stifel Financial Corporation by 6.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,284,872 shares of the financial services provider’s stock worth $114,676,000 after acquiring an additional 131,440 shares in the last quarter. Finally, Kennedy Capital Management Inc. lifted its stake in Stifel Financial Corporation by 15.9% in the 1st quarter. Kennedy Capital Management Inc. now owns 741,123 shares of the financial services provider’s stock worth $37,197,000 after acquiring an additional 101,753 shares in the last quarter. 86.93% of the stock is owned by institutional investors and hedge funds.

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Shares of Stifel Financial Corporation (NYSE SF) opened at 50.60 on Friday. Stifel Financial Corporation has a 52 week low of $36.71 and a 52 week high of $56.62. The stock has a market capitalization of $3.46 billion, a P/E ratio of 26.12 and a beta of 1.70. The company has a 50-day moving average price of $48.57 and a 200 day moving average price of $47.76.

Stifel Financial Corporation (NYSE:SF) last posted its earnings results on Monday, July 31st. The financial services provider reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.14. The firm 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 company’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.69 earnings per share. Analysts forecast that Stifel Financial Corporation will post $3.43 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.40 annualized dividend and a yield of 0.80%. Stifel Financial Corporation’s dividend payout ratio is presently 20.73%.

Several brokerages recently issued reports on SF. BidaskClub downgraded Stifel Financial Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. TheStreet raised Stifel Financial Corporation from a “c+” rating to a “b” rating in a research note on Monday, July 31st. Zacks Investment Research downgraded Stifel Financial Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, June 14th. JMP Securities reissued a “neutral” rating on shares of Stifel Financial Corporation in a research note on Friday, August 18th. Finally, Wells Fargo & Company reissued a “market perform” rating and issued a $50.00 price objective (down from $54.00) on shares of Stifel Financial Corporation in a research note on Monday, June 12th. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $55.20.

In other 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 value of $250,016.00. Following the sale, the director now directly owns 6,684 shares in the company, valued at $321,366.72. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David A. Peacock purchased 4,500 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The stock was purchased 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. 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.

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

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