State Board of Administration of Florida Retirement System maintained its position in Stifel Financial Corporation (NYSE:SF) during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 39,078 shares of the financial services provider’s stock at the end of the 2nd quarter. State Board of Administration of Florida Retirement System owned 0.06% of Stifel Financial Corporation worth $1,797,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SF. BlackRock Inc. boosted its position in shares of Stifel Financial Corporation by 17,220.8% during the 1st quarter. BlackRock Inc. now owns 7,133,557 shares of the financial services provider’s stock worth $358,032,000 after purchasing an additional 7,092,372 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Stifel Financial Corporation by 7.9% during the 1st quarter. Vanguard Group Inc. now owns 5,376,492 shares of the financial services provider’s stock worth $269,846,000 after purchasing an additional 392,199 shares in the last quarter. Hodges Capital Management Inc. boosted its position in shares of Stifel Financial Corporation by 338.9% during the 2nd quarter. Hodges Capital Management Inc. now owns 307,230 shares of the financial services provider’s stock worth $14,126,000 after purchasing an additional 237,230 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Stifel Financial Corporation by 6.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,284,872 shares of the financial services provider’s stock worth $114,676,000 after purchasing an additional 131,440 shares in the last quarter. Finally, Kennedy Capital Management Inc. boosted its position in shares of Stifel Financial Corporation by 15.9% during the 1st quarter. Kennedy Capital Management Inc. now owns 741,123 shares of the financial services provider’s stock worth $37,197,000 after purchasing an additional 101,753 shares in the last quarter. Institutional investors and hedge funds own 87.11% of the company’s stock.

SF has been the topic of a number of research analyst reports. Nomura reissued a “neutral” rating on shares of Stifel Financial Corporation in a research report on Tuesday, May 23rd. Zacks Investment Research raised shares of Stifel Financial Corporation from a “sell” rating to a “buy” rating and set a $57.00 price objective on the stock in a research report on Thursday, August 3rd. BidaskClub raised shares of Stifel Financial Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Wells Fargo & Company reissued 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 report on Monday, June 12th. Finally, Instinet cut shares of Stifel Financial Corporation from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $60.00 to $51.00 in a research report on Tuesday, May 23rd. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $55.20.

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In related news, Director Kelvin R. Westbrook sold 5,200 shares of the stock in a transaction that occurred on 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director David A. Peacock acquired 4,500 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The shares were bought at an average price of $50.03 per share, for a total transaction of $225,135.00. The disclosure for this purchase can be found here. Corporate insiders own 5.14% of the company’s stock.

Stifel Financial Corporation (NYSE SF) opened at 48.41 on Thursday. Stifel Financial Corporation has a 12 month low of $36.71 and a 12 month high of $56.62. The company has a market cap of $3.31 billion, a PE ratio of 24.99 and a beta of 1.70. The company has a 50-day moving average of $48.75 and a 200 day moving average of $47.97.

Stifel Financial Corporation (NYSE:SF) last posted its quarterly earnings data on Monday, July 31st. The financial services provider reported $0.90 EPS for the quarter, topping the consensus estimate 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 business had revenue of $725.60 million for the quarter, compared to analyst estimates of $689.67 million. During the same quarter in the previous year, the firm posted $0.69 earnings per share. Stifel Financial Corporation’s quarterly revenue was up 11.3% on a year-over-year basis. On average, equities analysts forecast that Stifel Financial Corporation will post $3.43 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.83%. Stifel Financial Corporation’s dividend payout ratio is presently 20.73%.

Stifel Financial Corporation Company 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.

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

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