Schwab Charles Investment Management Inc. raised its position in Stifel Financial Corporation (NYSE:SF) by 5.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 354,765 shares of the financial services provider’s stock after buying an additional 17,550 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.52% of Stifel Financial Corporation worth $16,313,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Quantbot Technologies LP bought a new stake in shares of Stifel Financial Corporation during the 1st quarter worth $190,000. World Asset Management Inc lifted its position in shares of Stifel Financial Corporation by 4.0% during the 1st 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 last quarter. M&T Bank Corp bought a new stake in shares of Stifel Financial Corporation during the 1st quarter worth $209,000. Credit Agricole S A bought a new stake in shares of Stifel Financial Corporation during the 1st quarter worth $250,000. Finally, LS Investment Advisors LLC lifted its position in shares of Stifel Financial Corporation by 16.6% during the 2nd quarter. LS Investment Advisors LLC now owns 5,369 shares of the financial services provider’s stock worth $247,000 after buying an additional 765 shares during the last quarter. 86.93% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have issued reports on SF. 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 target price for the company in a report on Thursday, August 3rd. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $50.00 target price (down previously from $54.00) on shares of Stifel Financial Corporation in a report on Monday, June 12th. JMP Securities reaffirmed a “neutral” rating on shares of Stifel Financial Corporation in a report on Friday, August 18th. Finally, TheStreet raised Stifel Financial Corporation from a “c+” rating to a “b” rating in a report on Monday, July 31st. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $55.20.

Shares of Stifel Financial Corporation (NYSE SF) opened at 50.90 on Friday. The company’s 50-day moving average price is $48.57 and its 200 day moving average price is $47.76. The firm has a market cap of $3.48 billion, a PE ratio of 26.28 and a beta of 1.70. Stifel Financial Corporation has a 1-year low of $36.71 and a 1-year high of $56.62.

Stifel Financial Corporation (NYSE:SF) last announced its quarterly earnings results on Monday, July 31st. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.14. Stifel Financial Corporation had a return on equity of 9.30% and a net margin of 6.03%. The company had revenue of $725.60 million for the quarter, compared to the consensus estimate of $689.67 million. During the same quarter in the previous year, the business earned $0.69 EPS. Stifel Financial Corporation’s revenue was up 11.3% compared to the same quarter last year. On average, analysts predict that Stifel Financial Corporation will post $3.43 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a dividend of $0.10 per share. The ex-dividend date was Wednesday, August 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.79%. Stifel Financial Corporation’s dividend payout ratio (DPR) is 20.73%.

In other news, Director David A. Peacock bought 4,500 shares of Stifel Financial Corporation stock in a transaction on Wednesday, August 2nd. The shares were purchased at an average price of $50.03 per share, for a total transaction of $225,135.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kelvin R. Westbrook sold 5,200 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $48.08, for a total value of $250,016.00. Following the transaction, the director now owns 6,684 shares in the company, valued at approximately $321,366.72. The disclosure for this sale can be found here. 5.14% of the stock is currently owned by corporate insiders.

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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.

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

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