Engineers Gate Manager LP Has $4.64 Million Stock Holdings in Stifel Financial Corporation $SF

Key Points

• Engineers Gate Manager LP cut its Stifel Financial stake by 80.9% in the second quarter, selling 281,506 shares and retaining 66,557 shares valued at approximately $4.64 million.
• Stifel Financial reported quarterly EPS of $1.42, exceeding estimates of $1.33, while revenue rose 13% year over year to $1.45 billion. The company also declared a quarterly dividend of $0.34 per share, implying a 1.7% yield.
• Institutional investors own 82.01% of Stifel’s shares, and analysts maintain a consensus “Moderate Buy” rating with an average price target of $91.90, above the reported $79.81 share price.

Engineers Gate Manager LP reduced its stake in Stifel Financial Corporation (NYSE:SF - Free Report) by 80.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 66,557 shares of the financial services provider's stock after selling 281,506 shares during the period. Engineers Gate Manager LP's holdings in Stifel Financial were worth $4,644,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Stifel Financial in the 2nd quarter valued at about $1,031,197,000. California State Teachers Retirement System raised its stake in Stifel Financial by 6,765.3% during the 2nd quarter. California State Teachers Retirement System now owns 12,188,540 shares of the financial services provider's stock worth $850,394,000 after buying an additional 12,011,002 shares during the period. Wellington Management Group LLP boosted its holdings in Stifel Financial by 13.8% in the third quarter. Wellington Management Group LLP now owns 3,451,787 shares of the financial services provider's stock worth $391,674,000 after acquiring an additional 419,038 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Stifel Financial by 94.8% in the fourth quarter. AQR Capital Management LLC now owns 2,893,850 shares of the financial services provider's stock worth $362,368,000 after acquiring an additional 1,408,347 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Stifel Financial by 51.6% in the first quarter. Dimensional Fund Advisors LP now owns 2,616,616 shares of the financial services provider's stock valued at $193,403,000 after acquiring an additional 890,810 shares during the period. Institutional investors and hedge funds own 82.01% of the company's stock.

Insider Activity

In other news, Director Maryam Brown sold 4,700 shares of the company's stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $79.20, for a total value of $372,240.00. Following the completion of the sale, the director owned 5,729 shares in the company, valued at $453,736.80. This represents a 45.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.36% of the stock is currently owned by insiders.

Stifel Financial Stock Up 0.1%

SF stock opened at $79.81 on Friday. Stifel Financial Corporation has a twelve month low of $67.81 and a twelve month high of $89.83. The company has a quick ratio of 0.83, a current ratio of 0.88 and a debt-to-equity ratio of 0.33. The stock's 50 day moving average is $80.68 and its 200-day moving average is $76.30. The firm has a market capitalization of $12.05 billion, a PE ratio of 14.29 and a beta of 0.98.

Stifel Financial (NYSE:SF - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.09. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. Stifel Financial had a return on equity of 19.22% and a net margin of 16.11%.Stifel Financial's revenue was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.71 earnings per share. Sell-side analysts expect that Stifel Financial Corporation will post 6.36 EPS for the current fiscal year.

Stifel Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 1st. Stifel Financial's payout ratio is currently 24.33%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SF. Zacks Research raised Stifel Financial from a "strong sell" rating to a "hold" rating in a research report on Wednesday, May 20th. UBS Group set a $90.00 price target on shares of Stifel Financial in a research report on Thursday, July 23rd. Wall Street Zen lowered shares of Stifel Financial from a "buy" rating to a "hold" rating in a research note on Sunday, August 9th. JPMorgan Chase & Co. upped their price objective on shares of Stifel Financial from $80.00 to $86.00 and gave the stock a "neutral" rating in a report on Thursday, July 23rd. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Stifel Financial in a research note on Wednesday, August 26th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $91.90.

Stifel Financial Profile

Stifel Financial Corp. is a diversified financial services company headquartered in St. Louis, Missouri. Through its principal broker-dealer, Stifel, Nicolaus & Company, Incorporated, the company provides wealth management, investment banking, institutional brokerage, securities research, sales and trading, and public finance services to individuals, corporations, municipalities and institutional investors.

Its wealth management business offers investment advisory, brokerage, banking and financial planning services through financial advisors and private client groups.

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