Cramer Rosenthal Mcglynn LLC lowered its position in Stifel Financial Corp (NYSE:SF) by 14.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 559,712 shares of the financial services provider’s stock after selling 93,562 shares during the quarter. Cramer Rosenthal Mcglynn LLC’s holdings in Stifel Financial were worth $33,057,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Oregon Public Employees Retirement Fund raised its holdings in Stifel Financial by 1.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 28,889 shares of the financial services provider’s stock valued at $1,706,000 after acquiring an additional 411 shares in the last quarter. Northern Trust Corp grew its position in Stifel Financial by 1.1% during the 1st quarter. Northern Trust Corp now owns 1,635,976 shares of the financial services provider’s stock worth $86,314,000 after acquiring an additional 18,599 shares during the last quarter. Piedmont Investment Advisors Inc. bought a new stake in Stifel Financial during the 1st quarter worth approximately $218,000. Bowling Portfolio Management LLC acquired a new position in Stifel Financial during the 2nd quarter worth $2,096,000. Finally, Moody Aldrich Partners LLC lifted its holdings in Stifel Financial by 2.6% during the 2nd quarter. Moody Aldrich Partners LLC now owns 54,460 shares of the financial services provider’s stock worth $3,216,000 after buying an additional 1,396 shares in the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

NYSE:SF traded up $0.55 during trading hours on Friday, hitting $59.14. 1,584 shares of the stock were exchanged, compared to its average volume of 320,231. The company’s 50 day moving average is $54.74 and its two-hundred day moving average is $56.31. Stifel Financial Corp has a twelve month low of $38.39 and a twelve month 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 market capitalization of $4.06 billion, a P/E ratio of 11.21, a price-to-earnings-growth ratio of 1.71 and a beta of 1.88.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Friday, August 30th. Stifel Financial’s dividend payout ratio is 11.36%.

Several research firms have issued reports on SF. ValuEngine downgraded Stifel Financial from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Compass Point began coverage on Stifel Financial in a report on Thursday, May 30th. They set a “buy” rating and a $65.00 price objective on the stock. Finally, Zacks Investment Research raised Stifel Financial from a “sell” rating to a “hold” rating in a report on Saturday, September 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $62.67.

In other news, SVP Ben A. Plotkin sold 9,012 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $55.73, for a total value of $502,238.76. Following the transaction, the senior vice president now owns 97,728 shares of the company’s stock, valued at approximately $5,446,381.44. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John P. Dubinsky sold 2,000 shares of the stock in a transaction on Wednesday, June 19th. The shares were sold at an average price of $57.25, for a total value of $114,500.00. Following the completion of the transaction, the director now directly owns 28,956 shares in the company, valued at approximately $1,657,731. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,162 shares of company stock worth $1,254,697. Company insiders own 3.77% of the company’s stock.

Stifel Financial Company 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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