Swiss National Bank increased its holdings in shares of Stifel Financial Corp (NYSE:SF) by 5.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 125,042 shares of the financial services provider’s stock after buying an additional 6,000 shares during the quarter. Swiss National Bank owned 0.17% of Stifel Financial worth $6,533,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the company. Wells Fargo & Company MN grew its holdings in shares of Stifel Financial by 0.6% in the first quarter. Wells Fargo & Company MN now owns 850,688 shares of the financial services provider’s stock worth $50,387,000 after purchasing an additional 5,268 shares during the last quarter. Dupont Capital Management Corp bought a new position in shares of Stifel Financial in the first quarter worth about $410,000. Mackay Shields LLC bought a new position in shares of Stifel Financial in the first quarter worth about $9,703,000. American Century Companies Inc. grew its holdings in shares of Stifel Financial by 7.5% in the first quarter. American Century Companies Inc. now owns 122,118 shares of the financial services provider’s stock worth $7,233,000 after purchasing an additional 8,562 shares during the last quarter. Finally, Prudential Financial Inc. grew its holdings in shares of Stifel Financial by 199.7% in the first quarter. Prudential Financial Inc. now owns 1,083,764 shares of the financial services provider’s stock worth $64,191,000 after purchasing an additional 722,140 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

NYSE SF opened at $54.33 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.62 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $3.96 billion, a PE ratio of 13.62, a P/E/G ratio of 0.89 and a beta of 1.85. Stifel Financial Corp has a 12 month low of $44.44 and a 12 month high of $68.76.

Stifel Financial (NYSE:SF) last posted its quarterly earnings results on Monday, July 30th. The financial services provider reported $1.22 EPS for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.07. Stifel Financial had a net margin of 7.97% and a return on equity of 13.91%. The firm had revenue of $742.70 million for the quarter, compared to analysts’ expectations of $745.62 million. During the same period in the prior year, the business posted $0.90 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. equities research analysts anticipate that Stifel Financial Corp will post 5.21 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 17th. Shareholders of record on Tuesday, September 4th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend is Friday, August 31st. Stifel Financial’s payout ratio is 12.03%.

In other Stifel Financial news, insider Victor Nesi sold 1,250 shares of the stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $55.02, for a total transaction of $68,775.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.86% of the stock is owned by corporate insiders.

SF has been the topic of a number of research analyst reports. ValuEngine upgraded shares of Stifel Financial from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. Zacks Investment Research upgraded shares of Stifel Financial from a “sell” rating to a “buy” rating and set a $62.00 price target on the stock in a report on Friday, August 3rd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $72.75.

About Stifel Financial

Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States, the United Kingdom, and rest of Europe. The company operates through three segments: Global Wealth Management, Institutional Group, and Other.

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

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