Moneta Group Investment Advisors LLC Trims Stock Position in Stifel Financial Corp (NYSE:SF)

Moneta Group Investment Advisors LLC decreased its position in shares of Stifel Financial Corp (NYSE:SF) by 13.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,995 shares of the financial services provider’s stock after selling 1,704 shares during the quarter. Moneta Group Investment Advisors LLC’s holdings in Stifel Financial were worth $750,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Pearl River Capital LLC purchased a new stake in shares of Stifel Financial in the second quarter valued at about $46,000. First Mercantile Trust Co. raised its stake in Stifel Financial by 14.1% during the 2nd quarter. First Mercantile Trust Co. now owns 2,499 shares of the financial services provider’s stock valued at $148,000 after acquiring an additional 309 shares during the last quarter. Magnus Financial Group LLC purchased a new position in shares of Stifel Financial in the 2nd quarter valued at approximately $207,000. Landscape Capital Management L.L.C. purchased a new position in Stifel Financial in the 2nd quarter valued at $214,000. Finally, Advisor Partners LLC purchased a new position in Stifel Financial during the 2nd quarter worth $220,000. 87.54% of the stock is currently owned by institutional investors.

A number of research analysts have recently issued reports on SF shares. Zacks Investment Research upgraded shares of Stifel Financial from a “sell” rating to a “hold” rating in a research note on Saturday. ValuEngine cut Stifel Financial from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, Compass Point initiated coverage on Stifel Financial in a report on Thursday, May 30th. They issued a “buy” rating and a $65.00 target price for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $62.67.

Shares of NYSE SF traded up $0.51 during midday trading on Wednesday, hitting $58.87. The stock had a trading volume of 11,986 shares, compared to its average volume of 316,073. The company has a market capitalization of $3.91 billion, a price-to-earnings ratio of 11.15, a PEG ratio of 1.65 and a beta of 1.88. Stifel Financial Corp has a 1-year low of $38.39 and a 1-year high of $61.94. The company has a quick ratio of 0.67, a current ratio of 0.74 and a debt-to-equity ratio of 0.69. The company has a fifty day moving average price of $54.73 and a 200 day moving average price of $56.29.

Stifel Financial (NYSE:SF) last posted its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $1.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.34 by $0.07. Stifel Financial had a net margin of 13.73% and a return on equity of 14.73%. The firm had revenue of $800.80 million for the quarter, compared to analyst estimates of $780.94 million. During the same quarter last year, the firm posted $1.22 earnings per share. Stifel Financial’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, research analysts forecast that Stifel Financial Corp will post 5.68 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Tuesday, September 3rd will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.60 annualized dividend and a dividend yield of 1.02%. Stifel Financial’s payout ratio is 11.36%.

In other Stifel Financial news, Director John P. Dubinsky sold 1,500 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $54.71, for a total value of $82,065.00. Following the completion of the sale, the director now owns 27,456 shares of the company’s stock, valued at $1,502,117.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Victor Nesi sold 1,415 shares of Stifel Financial stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $60.12, for a total transaction of $85,069.80. Following the sale, the insider now owns 179,910 shares in the company, valued at approximately $10,816,189.20. The disclosure for this sale can be found here. Insiders have sold a total of 20,012 shares of company stock worth $1,132,599 in the last 90 days. Company insiders own 3.77% of the company’s stock.

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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