Russell Investments Group Ltd. boosted its position in shares of Stifel Financial Corp (NYSE:SF) by 233.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 130,835 shares of the financial services provider’s stock after purchasing an additional 91,648 shares during the period. Russell Investments Group Ltd. owned about 0.18% of Stifel Financial worth $7,725,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund lifted its stake in shares of 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 purchasing an additional 411 shares during the period. Trillium Asset Management LLC lifted its stake in Stifel Financial by 1.0% in the first quarter. Trillium Asset Management LLC now owns 44,439 shares of the financial services provider’s stock valued at $2,345,000 after buying an additional 432 shares during the period. Commerce Bank lifted its stake in Stifel Financial by 3.1% in the second quarter. Commerce Bank now owns 15,721 shares of the financial services provider’s stock valued at $929,000 after buying an additional 475 shares during the period. Bbva Compass Bancshares Inc. lifted its stake in Stifel Financial by 4.5% in the first quarter. Bbva Compass Bancshares Inc. now owns 11,357 shares of the financial services provider’s stock valued at $600,000 after buying an additional 484 shares during the period. Finally, US Bancorp DE boosted its holdings in Stifel Financial by 2.8% during the first quarter. US Bancorp DE now owns 17,885 shares of the financial services provider’s stock worth $944,000 after buying an additional 491 shares during the last quarter. Institutional investors own 87.54% of the company’s stock.
A number of equities analysts have recently weighed in on SF shares. Compass Point started coverage on shares of Stifel Financial in a research report on Thursday, May 30th. They set a “buy” rating and a $65.00 price target on the stock. ValuEngine cut shares of Stifel Financial from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research upgraded shares of Stifel Financial from a “sell” rating to a “hold” rating in a research report on Saturday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $62.67.
Stifel Financial (NYSE:SF) last announced its earnings results on Tuesday, July 30th. The financial services provider reported $1.41 EPS for the quarter, topping the 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 the consensus estimate of $780.94 million. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the company posted $1.22 EPS. As a group, equities analysts predict that Stifel Financial Corp will post 5.68 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Friday, August 30th. Stifel Financial’s dividend payout ratio is 11.36%.
In other news, insider Victor Nesi sold 1,415 shares of the company’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $60.12, for a total transaction of $85,069.80. Following the completion of the transaction, the insider now directly owns 179,910 shares of the company’s stock, valued at $10,816,189.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Ben A. Plotkin sold 9,012 shares of the stock in a transaction dated 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 $5,446,381.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,012 shares of company stock worth $1,132,599. 3.77% of the stock is currently owned by company insiders.
About Stifel Financial
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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