Connable Office Inc. Holds Stake in Stifel Financial Corporation (NYSE:SF)
Connable Office Inc. continued to hold its position in Stifel Financial Corporation (NYSE:SF) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,928 shares of the financial services provider’s stock at the end of the second quarter. Connable Office Inc.’s holdings in Stifel Financial Corporation were worth $227,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of SF. Dubuque Bank & Trust Co. acquired a new position in shares of Stifel Financial Corporation during the first quarter worth about $267,000. First Mercantile Trust Co. increased its position in Stifel Financial Corporation by 272.1% in the first quarter. First Mercantile Trust Co. now owns 9,415 shares of the financial services provider’s stock valued at $473,000 after buying an additional 6,885 shares during the last quarter. Independent Portfolio Consultants Inc. increased its position in Stifel Financial Corporation by 3.9% in the first quarter. Independent Portfolio Consultants Inc. now owns 25,075 shares of the financial services provider’s stock valued at $1,259,000 after buying an additional 940 shares during the last quarter. Nationwide Fund Advisors increased its position in 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 last quarter. Finally, Covenant Asset Management LLC increased its position in Stifel Financial Corporation by 49.8% in the first quarter. Covenant Asset Management LLC now owns 27,281 shares of the financial services provider’s stock valued at $1,369,000 after buying an additional 9,066 shares during the last quarter. Hedge funds and other institutional investors own 86.19% of the company’s stock.
Shares of Stifel Financial Corporation (NYSE SF) opened at 49.78 on Friday. The company’s 50-day moving average price is $47.94 and its 200-day moving average price is $48.81. Stifel Financial Corporation has a 52-week low of $36.36 and a 52-week high of $56.62. The stock has a market cap of $3.40 billion, a PE ratio of 25.70 and a beta of 1.71.
Stifel Financial Corporation (NYSE:SF) last released its quarterly earnings data on Monday, July 31st. The financial services provider reported $0.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.14. The business 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 company’s revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the business posted $0.69 EPS. On average, equities research analysts forecast that Stifel Financial Corporation will post $3.43 earnings per share for the current fiscal year.
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SF has been the subject of several analyst reports. TheStreet upgraded Stifel Financial Corporation from a “c+” rating to a “b” rating in a research note on Monday, July 31st. BidaskClub raised Stifel Financial Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Zacks Investment Research raised Stifel Financial Corporation from a “sell” rating to a “buy” rating and set a $57.00 price objective on the stock in a report on Thursday, August 3rd. Wells Fargo & Company reissued a “market perform” rating and set a $50.00 price objective (down from $54.00) on shares of Stifel Financial Corporation in a report on Monday, June 12th. Finally, Nomura reissued a “neutral” rating on shares of Stifel Financial Corporation in a report on Tuesday, May 23rd. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Stifel Financial Corporation currently has an average rating of “Hold” and a consensus target price of $53.33.
In other Stifel Financial Corporation news, Director David A. Peacock purchased 4,500 shares of the business’s stock in a transaction that occurred on 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Frederick O. Hanser sold 4,000 shares of Stifel Financial Corporation stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $50.00, for a total value of $200,000.00. Following the completion of the transaction, the director now owns 33,255 shares of the company’s stock, valued at approximately $1,662,750. The disclosure for this sale can be found here. 5.14% of the stock is owned by 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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