Mesirow Financial Investment Management Equity Management Has $10.88 Million Stake in Stifel Financial Corp (SF)

Mesirow Financial Investment Management Equity Management reduced its holdings in shares of Stifel Financial Corp (NYSE:SF) by 2.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 212,180 shares of the financial services provider’s stock after selling 4,420 shares during the quarter. Mesirow Financial Investment Management Equity Management’s holdings in Stifel Financial were worth $10,878,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. NJ State Employees Deferred Compensation Plan lifted its holdings in shares of Stifel Financial by 6.7% in the 2nd quarter. NJ State Employees Deferred Compensation Plan now owns 16,000 shares of the financial services provider’s stock valued at $836,000 after purchasing an additional 1,000 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Stifel Financial by 2.3% in the 2nd quarter. Arizona State Retirement System now owns 49,681 shares of the financial services provider’s stock valued at $2,596,000 after purchasing an additional 1,100 shares during the last quarter. Metropolitan Life Insurance Co. NY lifted its holdings in shares of Stifel Financial by 3.6% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 41,082 shares of the financial services provider’s stock valued at $2,147,000 after purchasing an additional 1,445 shares during the last quarter. Mutual of America Capital Management LLC lifted its holdings in shares of Stifel Financial by 2.9% in the 2nd quarter. Mutual of America Capital Management LLC now owns 62,681 shares of the financial services provider’s stock valued at $3,275,000 after purchasing an additional 1,756 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC purchased a new stake in shares of Stifel Financial in the 1st quarter valued at about $117,000. 86.12% of the stock is owned by institutional investors and hedge funds.

Several analysts have recently weighed in on the company. ValuEngine raised Stifel Financial from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. Zacks Investment Research raised Stifel Financial from a “sell” rating to a “buy” rating and set a $62.00 price objective for the company in a research note on Friday, August 3rd. Wolfe Research initiated coverage on Stifel Financial in a research note on Tuesday, September 25th. They set a “market perform” rating and a $63.00 price objective for the company. JMP Securities raised Stifel Financial from a “market perform” rating to an “outperform” rating in a research note on Wednesday, October 3rd. Finally, Stifel Nicolaus raised Stifel Financial to an “outperform” rating in a research note on Wednesday, October 3rd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $70.80.



In other news, insider Victor Nesi sold 1,250 shares of the stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $55.02, for a total transaction of $68,775.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frederick O. Hanser sold 10,000 shares of the stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $54.42, for a total value of $544,200.00. Following the transaction, the director now directly owns 40,905 shares of the company’s stock, valued at $2,226,050.10. The disclosure for this sale can be found here. 3.86% of the stock is owned by corporate insiders.

SF opened at $44.26 on Wednesday. The company has a quick ratio of 0.62, a current ratio of 0.70 and a debt-to-equity ratio of 0.93. The company has a market cap of $3.07 billion, a price-to-earnings ratio of 11.09, a P/E/G ratio of 0.70 and a beta of 1.87. Stifel Financial Corp has a 52 week low of $42.51 and a 52 week high of $68.76.

Stifel Financial (NYSE:SF) last posted its quarterly earnings data on Tuesday, October 30th. The financial services provider reported $1.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.34 by $0.01. The firm had revenue of $738.34 million during the quarter, compared to the consensus estimate of $764.90 million. Stifel Financial had a return on equity of 13.91% and a net margin of 7.97%. The firm’s revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.89 EPS. On average, equities research analysts expect that Stifel Financial Corp will post 5.14 earnings per share for the current fiscal year.

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, and rest of Europe. The company operates through three segments: Global Wealth Management, Institutional Group, and Other.

Further Reading: Price to Earnings Ratio (PE) Basics

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

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