Stifel Financial Corp (SF) Position Lifted by Peregrine Capital Management LLC

Peregrine Capital Management LLC boosted its stake in Stifel Financial Corp (NYSE:SF) by 2.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 632,544 shares of the financial services provider’s stock after acquiring an additional 12,197 shares during the period. Stifel Financial accounts for about 0.8% of Peregrine Capital Management LLC’s holdings, making the stock its 23rd biggest position. Peregrine Capital Management LLC’s holdings in Stifel Financial were worth $32,424,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Mount Yale Investment Advisors LLC bought a new stake in Stifel Financial in the first quarter worth about $117,000. Private Capital Group LLC raised its position in Stifel Financial by 11,810.0% in the first quarter. Private Capital Group LLC now owns 2,382 shares of the financial services provider’s stock worth $141,000 after acquiring an additional 2,362 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in Stifel Financial in the second quarter worth about $205,000. First Republic Investment Management Inc. bought a new stake in Stifel Financial in the second quarter worth about $220,000. Finally, Point72 Hong Kong Ltd bought a new stake in Stifel Financial in the second quarter worth about $225,000. 89.79% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently issued reports on the stock. ValuEngine raised shares of Stifel Financial from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd. Zacks Investment Research raised shares of Stifel Financial from a “sell” rating to a “buy” rating and set a $62.00 price target on the stock in a research report on Friday, August 3rd. Wolfe Research assumed coverage on shares of Stifel Financial in a research report on Tuesday, September 25th. They issued a “market perform” rating and a $63.00 price target on the stock. JMP Securities raised shares of Stifel Financial from a “market perform” rating to an “outperform” rating in a research report on Wednesday, October 3rd. Finally, Stifel Nicolaus raised shares of Stifel Financial to an “outperform” rating in a research report on Wednesday, October 3rd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. Stifel Financial presently has a consensus rating of “Hold” and an average target price of $70.80.

In other news, insider Victor Nesi sold 1,250 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $55.02, for a total value of $68,775.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Frederick O. Hanser sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $54.42, for a total transaction of $544,200.00. Following the transaction, the director now directly owns 40,905 shares of the company’s stock, valued at approximately $2,226,050.10. The disclosure for this sale can be found here. Insiders own 3.86% of the company’s stock.

Shares of NYSE SF traded down $1.36 during midday trading on Thursday, hitting $47.76. The company’s stock had a trading volume of 9,634 shares, compared to its average volume of 406,100. Stifel Financial Corp has a one year low of $47.29 and a one year high of $68.76. The company has a quick ratio of 0.62, a current ratio of 0.70 and a debt-to-equity ratio of 0.93. The firm has a market cap of $3.65 billion, a P/E ratio of 12.27, a price-to-earnings-growth ratio of 0.82 and a beta of 1.87.

Stifel Financial (NYSE:SF) last posted its quarterly earnings results on Monday, July 30th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.07. Stifel Financial had a net margin of 7.97% and a return on equity of 13.91%. The company had revenue of $742.70 million for the quarter, compared to analyst estimates of $745.62 million. During the same quarter in the previous year, the firm posted $0.90 earnings per share. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. Equities analysts expect that Stifel Financial Corp will post 5.21 EPS for the current year.

Stifel Financial Company Profile

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, and rest of Europe. The company operates through three segments: Global Wealth Management, Institutional Group, and Other.

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

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