Stanley Laman Group Ltd. Sells 2,296 Shares of Stifel Financial Corporation $SF

Key Points

• Stanley Laman Group Ltd. has reduced its holdings in Stifel Financial Corporation by 6.5%, selling 2,296 shares in the second quarter, leaving it with 32,783 shares valued at approximately $3.4 million.
• Institutional investors collectively own 82.01% of Stifel Financial's stock, with Vanguard Group and AQR Capital Management being among the largest stakeholders.
• Stifel Financial reported earnings of $1.71 EPS for the last quarter, surpassing analyst estimates, and recently declared a quarterly dividend of $0.46 per share.

Stanley Laman Group Ltd. cut its holdings in Stifel Financial Corporation (NYSE:SF - Free Report) by 6.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,783 shares of the financial services provider's stock after selling 2,296 shares during the quarter. Stanley Laman Group Ltd.'s holdings in Stifel Financial were worth $3,402,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Stifel Financial by 2.1% during the first quarter. Vanguard Group Inc. now owns 10,620,407 shares of the financial services provider's stock worth $1,001,080,000 after acquiring an additional 217,415 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Stifel Financial by 314.1% during the first quarter. AQR Capital Management LLC now owns 1,383,836 shares of the financial services provider's stock valued at $126,925,000 after purchasing an additional 1,049,665 shares during the last quarter. Invesco Ltd. lifted its holdings in Stifel Financial by 0.3% during the 1st quarter. Invesco Ltd. now owns 1,211,580 shares of the financial services provider's stock worth $114,204,000 after purchasing an additional 4,115 shares in the last quarter. Northern Trust Corp raised its position in shares of Stifel Financial by 0.6% in the first quarter. Northern Trust Corp now owns 1,136,207 shares of the financial services provider's stock worth $107,099,000 after buying an additional 7,229 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in Stifel Financial by 529.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 398,633 shares of the financial services provider's stock valued at $37,576,000 after purchasing an additional 335,257 shares during the last quarter. Institutional investors own 82.01% of the company's stock.

Stifel Financial Trading Up 1.7%

NYSE:SF opened at $110.26 on Friday. Stifel Financial Corporation has a 12-month low of $73.27 and a 12-month high of $120.64. The stock has a fifty day moving average price of $113.23 and a 200 day moving average price of $102.81. The firm has a market cap of $11.27 billion, a PE ratio of 21.37 and a beta of 1.13. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 0.28.

Stifel Financial (NYSE:SF - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $1.71 EPS for the quarter, beating analysts' consensus estimates of $1.65 by $0.06. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. Stifel Financial had a net margin of 11.90% and a return on equity of 13.93%. Stifel Financial's quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.60 earnings per share. Sell-side analysts anticipate that Stifel Financial Corporation will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.7%. The ex-dividend date was Tuesday, September 2nd. Stifel Financial's dividend payout ratio is currently 35.66%.

Analysts Set New Price Targets

SF has been the subject of a number of research analyst reports. Zacks Research lowered Stifel Financial from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 8th. Stifel Nicolaus set a $131.00 price objective on shares of Stifel Financial in a report on Wednesday, October 8th. JMP Securities upped their price objective on Stifel Financial from $130.00 to $135.00 and gave the stock a "market outperform" rating in a research note on Thursday, October 9th. Cowen raised shares of Stifel Financial from a "hold" rating to a "buy" rating in a research note on Wednesday, October 8th. Finally, Citigroup reiterated an "outperform" rating on shares of Stifel Financial in a report on Thursday, October 9th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $122.60.

About Stifel Financial

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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