Eagle Asset Management Inc. lessened its stake in Stifel Financial Corporation (NYSE:SF) by 29.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,409,848 shares of the financial services provider’s stock after selling 591,532 shares during the quarter. Eagle Asset Management Inc. owned approximately 2.06% of Stifel Financial worth $76,103,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. AQR Capital Management LLC purchased a new stake in shares of Stifel Financial during the first quarter valued at approximately $992,000. Capstone Asset Management Co. increased its position in shares of Stifel Financial by 12.1% during the second quarter. Capstone Asset Management Co. now owns 7,690 shares of the financial services provider’s stock valued at $354,000 after acquiring an additional 830 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Stifel Financial by 9.3% during the second quarter. Oregon Public Employees Retirement Fund now owns 25,330 shares of the financial services provider’s stock valued at $1,165,000 after acquiring an additional 2,151 shares during the last quarter. LS Investment Advisors LLC increased its position in shares of Stifel Financial by 16.6% during the second quarter. LS Investment Advisors LLC now owns 5,369 shares of the financial services provider’s stock valued at $247,000 after acquiring an additional 765 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its position in shares of Stifel Financial by 1.5% during the second quarter. Nisa Investment Advisors LLC now owns 9,920 shares of the financial services provider’s stock valued at $429,000 after acquiring an additional 150 shares during the last quarter. Institutional investors own 87.56% of the company’s stock.

In other news, VP Mark P. Fisher sold 5,000 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $52.30, for a total value of $261,500.00. Following the completion of the transaction, the vice president now directly owns 21,369 shares of the company’s stock, valued at $1,117,598.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frederick O. Hanser sold 3,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $51.96, for a total value of $155,880.00. The disclosure for this sale can be found here. Insiders sold 34,304 shares of company stock valued at $1,795,480 over the last three months. Company insiders own 3.60% of the company’s stock.

Stifel Financial Corporation (NYSE:SF) traded down $0.29 during trading hours on Friday, reaching $52.70. The company’s stock had a trading volume of 82,310 shares, compared to its average volume of 319,707. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.68. Stifel Financial Corporation has a twelve month low of $41.93 and a twelve month high of $56.62. The stock has a market capitalization of $3,608.21, a P/E ratio of 16.42, a P/E/G ratio of 1.28 and a beta of 1.70.

Stifel Financial (NYSE:SF) last released its earnings results on Monday, October 30th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.06. Stifel Financial had a return on equity of 9.78% and a net margin of 7.61%. The business had revenue of $721.20 million during the quarter, compared to the consensus estimate of $701.12 million. During the same period last year, the business posted $0.69 earnings per share. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. analysts forecast that Stifel Financial Corporation will post 3.44 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Thursday, November 30th. Stifel Financial’s dividend payout ratio is currently 15.94%.

SF has been the subject of a number of research analyst reports. Zacks Investment Research downgraded Stifel Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. JMP Securities reaffirmed a “neutral” rating on shares of Stifel Financial in a research report on Friday, August 18th. Nomura increased their price target on Stifel Financial from $56.00 to $58.00 and gave the company a “neutral” rating in a research report on Tuesday, October 31st. TheStreet raised Stifel Financial from a “c+” rating to a “b” rating in a research report on Monday, July 31st. Finally, BidaskClub downgraded Stifel Financial from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $56.33.

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

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