US Bancorp DE Has $796,000 Position in Stifel Financial Corporation (SF)
US Bancorp DE increased its position in shares of Stifel Financial Corporation (NYSE:SF) by 2.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,310 shares of the financial services provider’s stock after buying an additional 381 shares during the period. US Bancorp DE’s holdings in Stifel Financial Corporation were worth $796,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of SF. Quantbot Technologies LP bought a new position in Stifel Financial Corporation during the first quarter worth $190,000. World Asset Management Inc increased its position in Stifel Financial Corporation by 4.0% in the first quarter. World Asset Management Inc now owns 4,170 shares of the financial services provider’s stock worth $209,000 after buying an additional 160 shares during the period. M&T Bank Corp bought a new position in Stifel Financial Corporation during the first quarter worth $209,000. Greenwood Capital Associates LLC bought a new position in Stifel Financial Corporation during the first quarter worth $219,000. Finally, LS Investment Advisors LLC increased its position in Stifel Financial Corporation by 1.8% in the first quarter. LS Investment Advisors LLC now owns 4,604 shares of the financial services provider’s stock worth $231,000 after buying an additional 83 shares during the period. 86.19% of the stock is currently owned by institutional investors.
Shares of Stifel Financial Corporation (SF) traded up 0.40% during mid-day trading on Friday, reaching $49.78. The company had a trading volume of 489,617 shares. The stock has a 50 day moving average of $47.94 and a 200-day moving average of $48.81. Stifel Financial Corporation has a one year low of $36.36 and a one year high of $56.62. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 25.70 and a beta of 1.71.
Stifel Financial Corporation (NYSE:SF) last issued its quarterly earnings results on Monday, July 31st. The financial services provider reported $0.90 EPS for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.14. The business had revenue of $725.60 million for the quarter, compared to analysts’ expectations of $689.67 million. Stifel Financial Corporation had a net margin of 6.03% and a return on equity of 9.30%. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.69 earnings per share. Equities analysts predict that Stifel Financial Corporation will post $3.43 EPS for the current year.
A number of research firms have recently weighed in on SF. TheStreet raised 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 research note 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 research note on Thursday, August 3rd. Wells Fargo & Company reaffirmed a “market perform” rating and set a $50.00 price objective (down previously from $54.00) on shares of Stifel Financial Corporation in a research note on Monday, June 12th. Finally, Nomura reaffirmed a “neutral” rating on shares of Stifel Financial Corporation in a research note on Tuesday, May 23rd. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Stifel Financial Corporation has a consensus rating of “Hold” and a consensus price target of $53.33.
In other news, Director David A. Peacock purchased 4,500 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were acquired at an average price of $50.03 per share, with a total value of $225,135.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frederick O. Hanser sold 4,000 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $50.00, for a total transaction of $200,000.00. Following the sale, the director now directly owns 33,255 shares in the company, valued at approximately $1,662,750. The disclosure for this sale can be found here. Corporate 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.
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