Russell Investments Group Ltd. Has $5.32 Million Stock Position in Stifel Financial Corp (NYSE:SF)

Russell Investments Group Ltd. reduced its position in Stifel Financial Corp (NYSE:SF) by 29.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 92,695 shares of the financial services provider’s stock after selling 38,140 shares during the period. Russell Investments Group Ltd. owned 0.13% of Stifel Financial worth $5,318,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Northern Trust Corp grew its stake in shares of Stifel Financial by 1.5% during the second quarter. Northern Trust Corp now owns 1,660,653 shares of the financial services provider’s stock worth $98,077,000 after purchasing an additional 24,677 shares during the period. Earnest Partners LLC grew its stake in shares of Stifel Financial by 2.2% during the second quarter. Earnest Partners LLC now owns 1,620,770 shares of the financial services provider’s stock worth $95,723,000 after purchasing an additional 34,140 shares during the period. Invesco Ltd. grew its stake in shares of Stifel Financial by 79.1% during the second quarter. Invesco Ltd. now owns 1,476,082 shares of the financial services provider’s stock worth $87,177,000 after purchasing an additional 651,701 shares during the period. Prudential Financial Inc. grew its stake in shares of Stifel Financial by 70.5% during the second quarter. Prudential Financial Inc. now owns 1,198,061 shares of the financial services provider’s stock worth $70,758,000 after purchasing an additional 495,421 shares during the period. Finally, Nuveen Asset Management LLC acquired a new stake in shares of Stifel Financial during the second quarter worth $42,459,000. 85.60% of the stock is owned by institutional investors.

A number of equities research analysts recently commented on the company. ValuEngine cut Stifel Financial from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. Zacks Investment Research upgraded Stifel Financial from a “sell” rating to a “hold” rating in a report on Saturday, September 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Stifel Financial presently has an average rating of “Hold” and an average target price of $62.60.

In other news, Director John P. Dubinsky sold 1,500 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $54.71, for a total value of $82,065.00. Following the sale, the director now directly owns 27,456 shares in the company, valued at $1,502,117.76. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Richard J. Himelfarb sold 10,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $60.75, for a total value of $607,500.00. Following the completion of the sale, the senior vice president now owns 103,774 shares in the company, valued at $6,304,270.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,298 shares of company stock worth $2,108,617. Corporate insiders own 3.77% of the company’s stock.

SF stock opened at $60.48 on Monday. The business’s 50-day moving average price is $56.29 and its two-hundred day moving average price is $56.62. The company has a current ratio of 0.74, a quick ratio of 0.68 and a debt-to-equity ratio of 0.58. The firm has a market cap of $4.10 billion, a PE ratio of 11.45 and a beta of 1.88. Stifel Financial Corp has a 1-year low of $38.39 and a 1-year high of $61.94.

Stifel Financial (NYSE:SF) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $1.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.03. The firm had revenue of $821.50 million for the quarter, compared to analyst estimates of $798.53 million. Stifel Financial had a return on equity of 14.68% and a net margin of 13.55%. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.35 earnings per share.

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

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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