Parkside Financial Bank & Trust boosted its holdings in Stifel Financial Corp. (NYSE:SF – Get Rating) by 5.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,311 shares of the financial services provider's stock after acquiring an additional 1,164 shares during the period. Parkside Financial Bank & Trust's holdings in Stifel Financial were worth $1,194,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also added to or reduced their stakes in SF. Connable Office Inc. increased its position in Stifel Financial by 3.3% during the 4th quarter. Connable Office Inc. now owns 5,924 shares of the financial services provider's stock worth $417,000 after buying an additional 189 shares during the period. CENTRAL TRUST Co increased its position in Stifel Financial by 49.8% during the 1st quarter. CENTRAL TRUST Co now owns 749 shares of the financial services provider's stock worth $51,000 after buying an additional 249 shares during the period. Vident Investment Advisory LLC increased its position in Stifel Financial by 1.0% during the 1st quarter. Vident Investment Advisory LLC now owns 33,491 shares of the financial services provider's stock worth $2,273,000 after buying an additional 330 shares during the period. Rockefeller Capital Management L.P. increased its position in Stifel Financial by 30.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,509 shares of the financial services provider's stock worth $106,000 after buying an additional 350 shares during the period. Finally, Fox Run Management L.L.C. increased its position in Stifel Financial by 6.0% during the 1st quarter. Fox Run Management L.L.C. now owns 6,690 shares of the financial services provider's stock worth $454,000 after buying an additional 378 shares during the period. Institutional investors own 84.77% of the company's stock.
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Separately, JMP Securities lowered their price objective on Stifel Financial from $103.00 to $100.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 12th.
Stifel Financial Price Performance
Shares of NYSE SF traded up $1.25 during mid-day trading on Wednesday, reaching $59.44. The company had a trading volume of 3,080 shares, compared to its average volume of 467,999. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.77 and a current ratio of 0.81. Stifel Financial Corp. has a one year low of $52.55 and a one year high of $83.28. The firm has a market cap of $6.31 billion, a price-to-earnings ratio of 9.33 and a beta of 1.25. The business's 50-day simple moving average is $60.29 and its 200 day simple moving average is $61.98.Stifel Financial (NYSE:SF – Get Rating) last issued its quarterly earnings results on Wednesday, July 27th. The financial services provider reported $1.40 EPS for the quarter. Stifel Financial had a return on equity of 19.42% and a net margin of 16.86%. The company had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.18 billion. During the same quarter last year, the business earned $1.70 earnings per share. Stifel Financial's revenue was down 3.9% on a year-over-year basis.
Stifel Financial Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date was Wednesday, August 31st. Stifel Financial's payout ratio is currently 18.93%.
About Stifel Financial
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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, the rest of Europe, and Canada.
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