GW&K Investment Management LLC Sells 82,290 Shares of Stifel Financial Corporation (SF)

GW&K Investment Management LLC lowered its holdings in Stifel Financial Corporation (NYSE:SF) by 11.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 622,599 shares of the financial services provider’s stock after selling 82,290 shares during the period. GW&K Investment Management LLC owned approximately 0.91% of Stifel Financial worth $37,082,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Stifel Financial by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 5,439,570 shares of the financial services provider’s stock valued at $250,111,000 after purchasing an additional 63,078 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Stifel Financial by 9.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,061,808 shares of the financial services provider’s stock valued at $163,684,000 after purchasing an additional 257,689 shares during the period. Macquarie Group Ltd. boosted its holdings in Stifel Financial by 9.0% in the 3rd quarter. Macquarie Group Ltd. now owns 2,369,852 shares of the financial services provider’s stock valued at $126,692,000 after purchasing an additional 194,905 shares during the period. State Street Corp boosted its holdings in Stifel Financial by 5.0% in the 2nd quarter. State Street Corp now owns 2,249,727 shares of the financial services provider’s stock valued at $103,438,000 after purchasing an additional 106,990 shares during the period. Finally, Fisher Asset Management LLC boosted its holdings in Stifel Financial by 1.5% in the 3rd quarter. Fisher Asset Management LLC now owns 2,078,578 shares of the financial services provider’s stock valued at $111,121,000 after purchasing an additional 29,901 shares during the period. 88.54% of the stock is owned by hedge funds and other institutional investors.

SF has been the subject of a number of recent analyst reports. Wells Fargo & Co upped their price target on shares of Stifel Financial from $64.00 to $70.00 in a report on Thursday, January 4th. Nomura raised shares of Stifel Financial from a “neutral” rating to a “buy” rating and upped their price target for the stock from $58.00 to $77.00 in a report on Wednesday, January 3rd. Instinet raised shares of Stifel Financial from a “neutral” rating to a “buy” rating in a report on Wednesday, January 3rd. Zacks Investment Research raised shares of Stifel Financial from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a report on Thursday, October 5th. Finally, Goldman Sachs Group raised shares of Stifel Financial from a “neutral” rating to a “buy” rating and upped their price target for the stock from $56.00 to $77.00 in a report on Monday, January 8th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $66.83.

In related news, Vice Chairman Ben A. Plotkin sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $53.70, for a total transaction of $1,074,000.00. Following the completion of the transaction, the insider now directly owns 96,226 shares in the company, valued at approximately $5,167,336.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Mark P. Fisher sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $52.30, for a total transaction of $261,500.00. Following the transaction, the vice president now owns 21,369 shares of the company’s stock, valued at $1,117,598.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 54,304 shares of company stock valued at $2,869,480. 3.60% of the stock is owned by corporate insiders.

Shares of Stifel Financial Corporation (NYSE:SF) opened at $66.42 on Friday. Stifel Financial Corporation has a twelve month low of $41.93 and a twelve month high of $68.72. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.68. The firm has a market cap of $4,547.60, a P/E ratio of 26.46, a PEG ratio of 1.09 and a beta of 1.71.

Stifel Financial (NYSE:SF) last issued its quarterly earnings results on Monday, October 30th. The financial services provider reported $0.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.06. Stifel Financial had a net margin of 7.61% and a return on equity of 9.78%. The company 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 posted $0.69 EPS. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. research analysts forecast that Stifel Financial Corporation will post 3.44 earnings per share for the current year.

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About Stifel Financial

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 (NYSE:SF)

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