Stifel Financial Corporation (SF) Stake Held by South State Corp
South State Corp held its position in shares of Stifel Financial Corporation (NYSE:SF) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 15,338 shares of the financial services provider’s stock at the end of the 2nd quarter. South State Corp’s holdings in Stifel Financial Corporation were worth $705,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Stifel Financial Corporation by 9.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,570 shares of the financial services provider’s stock valued at $118,000 after buying an additional 212 shares during the period. Pacad Investment Ltd. boosted its position in Stifel Financial Corporation by 442.9% during the second quarter. Pacad Investment Ltd. now owns 3,800 shares of the financial services provider’s stock valued at $175,000 after buying an additional 3,100 shares during the period. Riverhead Capital Management LLC boosted its position in Stifel Financial Corporation by 91.4% during the second quarter. Riverhead Capital Management LLC now owns 3,827 shares of the financial services provider’s stock valued at $176,000 after buying an additional 1,827 shares during the period. Quantbot Technologies LP purchased a new stake in Stifel Financial Corporation during the first quarter valued at about $190,000. Finally, Capital Advisors Inc. OK purchased a new stake in Stifel Financial Corporation during the second quarter valued at about $202,000. Institutional investors and hedge funds own 87.11% of the company’s stock.
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Several analysts have issued reports on the stock. TheStreet upgraded shares of Stifel Financial Corporation from a “c+” rating to a “b” rating in a research report on Monday, July 31st. BidaskClub upgraded shares of Stifel Financial Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Zacks Investment Research upgraded shares of Stifel Financial Corporation from a “sell” rating to a “buy” rating and set a $57.00 price target for the company in a research report on Thursday, August 3rd. JMP Securities restated a “neutral” rating on shares of Stifel Financial Corporation in a research report on Friday, August 18th. Finally, Wells Fargo & Company restated a “market perform” rating and set a $50.00 price target (down from $54.00) on shares of Stifel Financial Corporation in a research report on Monday, June 12th. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $55.20.
Stifel Financial Corporation (SF) traded down 0.21% during mid-day trading on Wednesday, hitting $48.21. 23,651 shares of the stock were exchanged. The company’s 50-day moving average price is $48.74 and its 200 day moving average price is $48.01. Stifel Financial Corporation has a 52 week low of $36.71 and a 52 week high of $56.62. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 24.89 and a beta of 1.70.
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 analysts’ consensus estimates of $0.76 by $0.14. Stifel Financial Corporation had a net margin of 6.03% and a return on equity of 9.30%. The firm had revenue of $725.60 million for the quarter, compared to the consensus estimate of $689.67 million. During the same period in the previous year, the firm posted $0.69 EPS. The business’s quarterly revenue was up 11.3% on a year-over-year basis. Equities research analysts expect that Stifel Financial Corporation will post $3.43 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.40 annualized dividend and a yield of 0.83%. Stifel Financial Corporation’s payout ratio is 20.73%.
In other news, Director David A. Peacock purchased 4,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were bought at an average cost of $50.03 per share, for a total transaction of $225,135.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Kelvin R. Westbrook sold 5,200 shares of the company’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $48.08, for a total transaction of $250,016.00. Following the transaction, the director now owns 6,684 shares in the company, valued at $321,366.72. The disclosure for this sale can be found here. Corporate insiders own 5.14% of the company’s stock.
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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