Systematic Financial Management LP Lowers Position in Stifel Financial Corp (NYSE:SF)

Systematic Financial Management LP trimmed its stake in Stifel Financial Corp (NYSE:SF) by 17.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 324,111 shares of the financial services provider’s stock after selling 70,734 shares during the quarter. Systematic Financial Management LP’s holdings in Stifel Financial were worth $19,142,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Shine Investment Advisory Services Inc. grew its holdings in Stifel Financial by 50.6% in the first quarter. Shine Investment Advisory Services Inc. now owns 661 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 222 shares during the period. Investors Research Corp purchased a new stake in Stifel Financial during the first quarter worth approximately $80,000. Private Capital Group LLC lifted its position in shares of Stifel Financial by 25.0% during the first quarter. Private Capital Group LLC now owns 3,482 shares of the financial services provider’s stock worth $184,000 after purchasing an additional 697 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Stifel Financial by 5.3% during the first quarter. Nisa Investment Advisors LLC now owns 4,000 shares of the financial services provider’s stock worth $211,000 after purchasing an additional 200 shares in the last quarter. Finally, Connable Office Inc. acquired a new position in shares of Stifel Financial during the first quarter worth $214,000. Hedge funds and other institutional investors own 86.31% of the company’s stock.

A number of research analysts have recently commented on the stock. Goldman Sachs Group raised shares of Stifel Financial from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $55.00 to $70.00 in a research report on Thursday, May 9th. ValuEngine cut shares of Stifel Financial from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Compass Point assumed coverage on shares of Stifel Financial in a research report on Thursday, May 30th. They set a “buy” rating and a $65.00 target price on the stock. Finally, Zacks Investment Research cut shares of Stifel Financial from a “hold” rating to a “sell” rating in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $62.67.

SF traded down $2.45 during trading on Wednesday, hitting $52.76. The company had a trading volume of 19,852 shares, compared to its average volume of 403,275. The company has a market cap of $3.76 billion, a P/E ratio of 10.05, a PEG ratio of 1.65 and a beta of 1.84. The stock has a 50-day moving average of $58.34. The company has a current ratio of 0.72, a quick ratio of 0.65 and a debt-to-equity ratio of 0.70. Stifel Financial Corp has a 1-year low of $38.39 and a 1-year high of $61.94.

Stifel Financial (NYSE:SF) last posted its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.07. The firm had revenue of $800.80 million for the quarter, compared to analysts’ expectations of $780.94 million. Stifel Financial had a net margin of 13.73% and a return on equity of 14.87%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.22 earnings per share. Sell-side analysts predict that Stifel Financial Corp will post 5.68 earnings per share for the current year.

In other Stifel Financial news, insider Victor Nesi sold 3,585 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $60.00, for a total transaction of $215,100.00. Following the sale, the insider now directly owns 181,325 shares of the company’s stock, valued at $10,879,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James M. Oates sold 20,000 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $58.61, for a total transaction of $1,172,200.00. Following the sale, the director now directly owns 17,397 shares in the company, valued at $1,019,638.17. The disclosure for this sale can be found here. Insiders have sold 28,250 shares of company stock worth $1,656,920 over the last three months. 3.77% of the stock is owned by corporate insiders.

Stifel Financial Profile

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, rest of Europe, and Asia. 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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