Dana Investment Advisors Inc. Has $2.96 Million Holdings in Stifel Financial Corporation (SF)

Dana Investment Advisors Inc. lessened its holdings in Stifel Financial Corporation (NYSE:SF) by 9.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,452 shares of the financial services provider’s stock after selling 5,743 shares during the quarter. Dana Investment Advisors Inc. owned 0.08% of Stifel Financial worth $2,964,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of SF. Public Employees Retirement System of Ohio boosted its stake in shares of Stifel Financial by 5.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,379 shares of the financial services provider’s stock valued at $109,000 after purchasing an additional 113 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Stifel Financial by 9.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,570 shares of the financial services provider’s stock valued at $118,000 after purchasing an additional 212 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Stifel Financial in the 3rd quarter valued at $137,000. Pacad Investment Ltd. boosted its stake in shares of Stifel Financial by 442.9% in the 2nd quarter. Pacad Investment Ltd. now owns 3,800 shares of the financial services provider’s stock valued at $175,000 after purchasing an additional 3,100 shares in the last quarter. Finally, Riverhead Capital Management LLC boosted its stake in shares of Stifel Financial by 91.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,827 shares of the financial services provider’s stock valued at $176,000 after purchasing an additional 1,827 shares in the last quarter. Institutional investors own 88.58% of the company’s stock.

Shares of Stifel Financial Corporation (NYSE SF) traded down $1.01 during midday trading on Thursday, reaching $58.91. 369,700 shares of the company traded hands, compared to its average volume of 422,270. The firm has a market cap of $4,102.56, a P/E ratio of 18.67, a price-to-earnings-growth ratio of 1.45 and a beta of 1.70. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.68. Stifel Financial Corporation has a 1-year low of $41.93 and a 1-year high of $60.92.

Stifel Financial (NYSE:SF) last issued its quarterly earnings results on Monday, October 30th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.06. The business had revenue of $721.20 million for the quarter, compared to the consensus estimate of $701.12 million. Stifel Financial had a net margin of 7.61% and a return on equity of 9.78%. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 EPS. research analysts predict that Stifel Financial Corporation will post 3.45 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.68%. Stifel Financial’s payout ratio is presently 15.94%.

In other Stifel Financial news, Vice Chairman Ben A. Plotkin sold 20,000 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $53.70, for a total transaction of $1,074,000.00. Following the transaction, the insider now directly owns 96,226 shares in the company, valued at approximately $5,167,336.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Mark P. Fisher sold 5,000 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $52.30, for a total transaction of $261,500.00. Following the transaction, the vice president now owns 21,369 shares in the company, valued at $1,117,598.70. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 54,304 shares of company stock worth $2,869,480. Corporate insiders own 3.60% of the company’s stock.

SF has been the topic of several recent analyst reports. BidaskClub downgraded shares of Stifel Financial from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. JMP Securities reiterated a “neutral” rating on shares of Stifel Financial in a research report on Friday, August 18th. Zacks Investment Research downgraded shares of Stifel Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Nomura upped their price target on shares of Stifel Financial from $56.00 to $58.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 31st. Finally, Wells Fargo & Company upgraded shares of Stifel Financial from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $56.00 to $64.00 in a research report on Friday, December 1st. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Stifel Financial has a consensus rating of “Hold” and a consensus price target of $58.67.

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Stifel Financial Profile

Stifel Financial Corp. is a financial holding company. Its principal subsidiary is Stifel, Nicolaus & Company, Incorporated, a retail and institutional wealth management and investment banking firm. It operates through three segments: Global Wealth Management, Institutional Group and Other. The Global Wealth Management segment consists of the Private Client Group and Stifel Bank businesses.

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Institutional Ownership by Quarter for Stifel Financial (NYSE:SF)

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