Channing Capital Management LLC boosted its holdings in Stifel Financial Corporation (NYSE:SF) by 10.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 941,500 shares of the financial services provider’s stock after buying an additional 92,252 shares during the quarter. Stifel Financial Corporation makes up about 1.9% of Channing Capital Management LLC’s holdings, making the stock its 26th largest position. Channing Capital Management LLC owned 1.38% of Stifel Financial Corporation worth $50,333,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of SF. Dimensional Fund Advisors LP boosted its stake in Stifel Financial Corporation by 22.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,804,119 shares of the financial services provider’s stock valued at $128,934,000 after acquiring an additional 519,247 shares in the last quarter. Vanguard Group Inc. boosted its stake in Stifel Financial Corporation by 7.9% in the first quarter. Vanguard Group Inc. now owns 5,376,492 shares of the financial services provider’s stock valued at $269,846,000 after acquiring an additional 392,199 shares in the last quarter. Macquarie Group Ltd. boosted its stake in Stifel Financial Corporation by 19.2% in the second quarter. Macquarie Group Ltd. now owns 2,174,947 shares of the financial services provider’s stock valued at $100,004,000 after acquiring an additional 350,536 shares in the last quarter. Balyasny Asset Management LLC boosted its stake in Stifel Financial Corporation by 269.1% in the second quarter. Balyasny Asset Management LLC now owns 351,021 shares of the financial services provider’s stock valued at $16,140,000 after acquiring an additional 255,913 shares in the last quarter. Finally, Cramer Rosenthal Mcglynn LLC boosted its stake in Stifel Financial Corporation by 27.1% in the second quarter. Cramer Rosenthal Mcglynn LLC now owns 1,148,088 shares of the financial services provider’s stock valued at $52,789,000 after acquiring an additional 244,479 shares in the last quarter. 86.93% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Kelvin R. Westbrook sold 5,200 shares of the business’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 completion of the sale, the director now owns 6,684 shares of the company’s stock, valued at approximately $321,366.72. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.60% of the stock is owned by corporate insiders.

Several equities analysts have issued reports on SF shares. TheStreet upgraded shares of Stifel Financial Corporation from a “c+” rating to a “b” rating in a research note on Monday, July 31st. Zacks Investment Research upgraded shares of Stifel Financial Corporation from a “sell” rating to a “buy” rating and set a $57.00 price objective for the company in a research note on Thursday, August 3rd. BidaskClub upgraded shares of Stifel Financial Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. JMP Securities restated a “neutral” rating on shares of Stifel Financial Corporation in a research note on Friday, August 18th. Finally, Nomura upped their price objective on shares of Stifel Financial Corporation from $56.00 to $58.00 and gave the company a “neutral” rating in a research note on Tuesday. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $56.33.

Stifel Financial Corporation (NYSE:SF) last announced its quarterly earnings data on Monday, October 30th. The financial services provider reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.06. Stifel Financial Corporation had a net margin of 7.61% and a return on equity of 9.92%. The business had revenue of $721.20 million during the quarter, compared to the consensus estimate of $701.12 million. During the same quarter in the prior year, the firm earned $0.69 EPS. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year.

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

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