Victory Capital Management Inc. Sells 29,486 Shares of Stifel Financial Corporation (SF)

Victory Capital Management Inc. trimmed its position in shares of Stifel Financial Corporation (NYSE:SF) by 2.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,161,380 shares of the financial services provider’s stock after selling 29,486 shares during the quarter. Victory Capital Management Inc. owned approximately 1.70% of Stifel Financial Corporation worth $62,087,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Stifel Financial Corporation by 1.2% during the second quarter. Vanguard Group Inc. now owns 5,439,570 shares of the financial services provider’s stock worth $250,111,000 after buying an additional 63,078 shares during the period. Dimensional Fund Advisors LP lifted its position in Stifel Financial Corporation by 22.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,804,119 shares of the financial services provider’s stock worth $128,934,000 after buying an additional 519,247 shares during the period. State Street Corp lifted its position in Stifel Financial Corporation by 5.0% during the second quarter. State Street Corp now owns 2,249,727 shares of the financial services provider’s stock worth $103,438,000 after buying an additional 106,990 shares during the period. Macquarie Group Ltd. lifted its position in Stifel Financial Corporation by 19.2% during the second quarter. Macquarie Group Ltd. now owns 2,174,947 shares of the financial services provider’s stock worth $100,004,000 after buying an additional 350,536 shares during the period. Finally, Fisher Asset Management LLC increased its stake in Stifel Financial Corporation by 1.5% during the third quarter. Fisher Asset Management LLC now owns 2,078,578 shares of the financial services provider’s stock worth $111,121,000 after acquiring an additional 29,901 shares during the last quarter. Institutional investors own 86.64% of the company’s stock.

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

In related news, Director Kelvin R. Westbrook sold 5,200 shares of the firm’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 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 document filed with the SEC, which is available at the SEC website. Company insiders own 3.60% of the company’s stock.

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Stifel Financial Corporation (NYSE:SF) opened at $52.90 on Tuesday. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.68. Stifel Financial Corporation has a 1-year low of $41.93 and a 1-year high of $56.62. The company has a market capitalization of $3,600.69, a P/E ratio of 16.38, a price-to-earnings-growth ratio of 1.27 and a beta of 1.70.

Stifel Financial Corporation (NYSE:SF) last released its earnings results on Monday, October 30th. The financial services provider reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.06. The company had revenue of $721.20 million for the quarter, compared to the consensus estimate of $701.12 million. Stifel Financial Corporation had a return on equity of 9.78% and a net margin of 7.61%. Stifel Financial Corporation’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.69 EPS. sell-side analysts expect that Stifel Financial Corporation will post 3.44 earnings per share for the current year.

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.

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

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