Stifel Financial Corporation (SF) Shares Bought by Wesbanco Bank Inc.
Wesbanco Bank Inc. lifted its holdings in shares of Stifel Financial Corporation (NYSE:SF) by 11.2% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 50,647 shares of the financial services provider’s stock after acquiring an additional 5,106 shares during the period. Wesbanco Bank Inc. owned approximately 0.07% of Stifel Financial Corporation worth $2,708,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of SF. Dimensional Fund Advisors LP boosted its position in Stifel Financial Corporation by 22.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,804,119 shares of the financial services provider’s stock valued at $128,934,000 after buying an additional 519,247 shares during the last quarter. Macquarie Group Ltd. boosted its position in Stifel Financial Corporation by 19.2% in the second quarter. Macquarie Group Ltd. now owns 2,174,947 shares of the financial services provider’s stock valued at $100,004,000 after buying an additional 350,536 shares during the last quarter. American Century Companies Inc. purchased a new stake in Stifel Financial Corporation in the third quarter valued at approximately $18,226,000. Balyasny Asset Management LLC boosted its position in Stifel Financial Corporation by 269.1% in the second quarter. Balyasny Asset Management LLC now owns 351,021 shares of the financial services provider’s stock valued at $16,140,000 after buying an additional 255,913 shares during the last quarter. Finally, Cramer Rosenthal Mcglynn LLC boosted its position in Stifel Financial Corporation by 27.1% in the second quarter. Cramer Rosenthal Mcglynn LLC now owns 1,148,088 shares of the financial services provider’s stock valued at $52,789,000 after buying an additional 244,479 shares during the last quarter. Institutional investors and hedge funds own 87.07% of the company’s stock.
In other Stifel Financial Corporation news, Director Kelvin R. Westbrook sold 5,200 shares of the business’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 value of $250,016.00. Following the completion of the transaction, the director now directly owns 6,684 shares of the company’s stock, valued at $321,366.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.60% of the company’s stock.
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Shares of Stifel Financial Corporation (SF) traded up $0.11 during trading hours on Tuesday, reaching $53.32. The company’s stock had a trading volume of 207,359 shares, compared to its average volume of 358,721. Stifel Financial Corporation has a one year low of $36.71 and a one year high of $56.62. The firm has a market capitalization of $3,634.77, a P/E ratio of 16.58, a PEG ratio of 1.29 and a beta of 1.70. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.69 and a quick ratio of 0.62.
Stifel Financial Corporation (NYSE:SF) last announced its quarterly earnings results on Monday, October 30th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.06. Stifel Financial Corporation had a return on equity of 9.92% and a net margin of 7.61%. The company had revenue of $721.20 million during the quarter, compared to the consensus estimate of $701.12 million. During the same period in the previous year, the company posted $0.69 earnings per share. Stifel Financial Corporation’s revenue for the quarter was up 12.3% on a year-over-year basis. equities research analysts anticipate that Stifel Financial Corporation will post 3.44 EPS for the current year.
A number of equities research analysts recently commented on SF shares. Nomura upped their target price on Stifel Financial Corporation from $56.00 to $58.00 and gave the company a “neutral” rating in a research report on Tuesday, October 31st. Zacks Investment Research lowered Stifel Financial Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. TheStreet upgraded Stifel Financial Corporation from a “c+” rating to a “b” rating in a research report on Monday, July 31st. BidaskClub lowered Stifel Financial Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Finally, JMP Securities reiterated a “neutral” rating on shares of Stifel Financial Corporation in a research report on Friday, August 18th. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Stifel Financial Corporation presently has a consensus rating of “Hold” and an average price target of $56.33.
Stifel Financial Corporation 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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