Principal Financial Group Inc. lowered its position in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 22.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,035,049 shares of the financial services provider's stock after selling 297,209 shares during the quarter. Principal Financial Group Inc. owned 1.01% of Stifel Financial worth $87,099,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Versant Capital Management Inc boosted its position in Stifel Financial by 1,818.8% during the 2nd quarter. Versant Capital Management Inc now owns 307 shares of the financial services provider's stock worth $26,000 after acquiring an additional 291 shares during the last quarter. Fidelis Capital Partners LLC acquired a new stake in shares of Stifel Financial in the 1st quarter valued at approximately $32,000. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of Stifel Financial in the 1st quarter valued at approximately $33,000. Montag A & Associates Inc. boosted its holdings in shares of Stifel Financial by 336.2% in the 4th quarter. Montag A & Associates Inc. now owns 759 shares of the financial services provider's stock valued at $52,000 after buying an additional 585 shares during the last quarter. Finally, Bessemer Group Inc. boosted its holdings in shares of Stifel Financial by 388.3% in the 1st quarter. Bessemer Group Inc. now owns 796 shares of the financial services provider's stock valued at $62,000 after buying an additional 633 shares during the last quarter. Institutional investors and hedge funds own 82.01% of the company's stock.
Stifel Financial Stock Performance
SF traded up $1.16 during trading hours on Friday, reaching $88.14. The company's stock had a trading volume of 384,626 shares, compared to its average volume of 587,554. Stifel Financial Corp. has a 52 week low of $54.81 and a 52 week high of $90.00. The company's 50-day moving average is $83.88 and its 200-day moving average is $80.07. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.80 and a current ratio of 0.84. The firm has a market cap of $9.04 billion, a PE ratio of 20.02 and a beta of 1.11.
Stifel Financial (NYSE:SF - Get Free Report) last posted its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $1.60 earnings per share for the quarter, beating analysts' consensus estimates of $1.54 by $0.06. Stifel Financial had a return on equity of 13.24% and a net margin of 11.59%. The business had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.18 billion. During the same quarter in the prior year, the business earned $1.20 EPS. The firm's revenue for the quarter was up 15.9% on a year-over-year basis. On average, equities analysts forecast that Stifel Financial Corp. will post 6.55 EPS for the current year.
Stifel Financial Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.91%. The ex-dividend date is Tuesday, September 3rd. Stifel Financial's payout ratio is 38.18%.
Analyst Ratings Changes
Several research firms have recently commented on SF. Wolfe Research downgraded Stifel Financial from an "outperform" rating to a "peer perform" rating in a report on Monday, July 22nd. TD Cowen increased their price objective on Stifel Financial from $85.00 to $88.00 and gave the company a "hold" rating in a report on Thursday, July 25th. Finally, StockNews.com downgraded Stifel Financial from a "buy" rating to a "hold" rating in a report on Thursday, August 8th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $83.50.
View Our Latest Analysis on Stifel Financial
Stifel Financial Profile
(Free Report)
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 and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.
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