GW&K Investment Management LLC Has $36.01 Million Stock Holdings in Stifel Financial Corp (NYSE:SF)

GW&K Investment Management LLC boosted its holdings in shares of Stifel Financial Corp (NYSE:SF) by 12.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 627,525 shares of the financial services provider’s stock after acquiring an additional 68,507 shares during the period. GW&K Investment Management LLC’s holdings in Stifel Financial were worth $36,007,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund raised its holdings in shares of Stifel Financial by 1.4% in the second 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 last quarter. MML Investors Services LLC raised its holdings in shares of Stifel Financial by 7.7% in the second quarter. MML Investors Services LLC now owns 5,880 shares of the financial services provider’s stock valued at $347,000 after purchasing an additional 421 shares during the last quarter. Bowling Portfolio Management LLC purchased a new stake in shares of Stifel Financial in the second quarter valued at about $2,096,000. Moody Aldrich Partners LLC raised its holdings in shares of Stifel Financial by 2.6% in the second quarter. Moody Aldrich Partners LLC now owns 54,460 shares of the financial services provider’s stock valued at $3,216,000 after purchasing an additional 1,396 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Stifel Financial by 4.0% in the second quarter. JPMorgan Chase & Co. now owns 581,911 shares of the financial services provider’s stock valued at $33,320,000 after purchasing an additional 22,478 shares during the last quarter. Hedge funds and other institutional investors own 86.29% of the company’s stock.

SF traded up $0.30 during trading on Friday, hitting $60.80. 225,011 shares of the company traded hands, compared to its average volume of 432,282. The firm has a market cap of $4.20 billion, a P/E ratio of 11.52, a price-to-earnings-growth ratio of 1.77 and a beta of 1.88. The stock’s fifty day moving average is $55.92 and its 200 day moving average is $56.56. The company has a quick ratio of 0.67, a current ratio of 0.74 and a debt-to-equity ratio of 0.69. Stifel Financial Corp has a one year low of $38.39 and a one year high of $61.94.

Stifel Financial (NYSE:SF) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.03. The company had revenue of $821.50 million during the quarter, compared to analyst estimates of $798.53 million. Stifel Financial had a net margin of 13.55% and a return on equity of 14.84%. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.35 earnings per share.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.15 per share. The ex-dividend date is Friday, November 29th. This represents a $0.60 annualized dividend and a yield of 0.99%. Stifel Financial’s payout ratio is currently 11.36%.

Several analysts have recently commented on SF shares. Zacks Investment Research upgraded shares of Stifel Financial from a “sell” rating to a “hold” rating in a report on Saturday, September 7th. ValuEngine downgraded shares of Stifel Financial from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $62.60.

In other Stifel Financial news, Director John P. Dubinsky sold 1,500 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $54.71, for a total transaction of $82,065.00. Following the completion of the transaction, the director now owns 27,456 shares in the company, valued at $1,502,117.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Richard J. Himelfarb sold 10,000 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $60.75, for a total transaction of $607,500.00. Following the transaction, the senior vice president now owns 103,774 shares of the company’s stock, valued at approximately $6,304,270.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,298 shares of company stock valued at $2,108,617. 3.77% of the stock is owned by company insiders.

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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