Pacad Investment Ltd. Has $175,000 Holdings in Stifel Financial Corporation (SF)

Pacad Investment Ltd. boosted its stake in Stifel Financial Corporation (NYSE:SF) by 442.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,800 shares of the financial services provider’s stock after buying an additional 3,100 shares during the period. Pacad Investment Ltd.’s holdings in Stifel Financial Corporation were worth $175,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Stifel Financial Corporation by 9.0% during the second 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 during the period. Quantbot Technologies LP acquired a new position in shares of Stifel Financial Corporation during the first quarter valued at $190,000. Greenwood Capital Associates LLC increased its holdings in shares of Stifel Financial Corporation by 2.9% during the second quarter. Greenwood Capital Associates LLC now owns 4,502 shares of the financial services provider’s stock valued at $207,000 after purchasing an additional 129 shares during the period. World Asset Management Inc increased its holdings in shares of Stifel Financial Corporation by 4.0% during the first quarter. World Asset Management Inc now owns 4,170 shares of the financial services provider’s stock valued at $209,000 after purchasing an additional 160 shares during the period. Finally, M&T Bank Corp acquired a new position in shares of Stifel Financial Corporation during the first quarter valued at $209,000. 87.11% of the stock is currently owned by hedge funds and other institutional investors.

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SF has been the topic of a number of research analyst reports. Nomura reissued a “neutral” rating on shares of Stifel Financial Corporation in a report on Tuesday, May 23rd. Zacks Investment Research raised Stifel Financial Corporation from a “sell” rating to a “buy” rating and set a $57.00 price target on the stock in a report on Thursday, August 3rd. BidaskClub raised Stifel Financial Corporation from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Wells Fargo & Company reissued a “market perform” rating and set a $50.00 price target (down from $54.00) on shares of Stifel Financial Corporation in a report on Monday, June 12th. Finally, Instinet lowered Stifel Financial Corporation from a “buy” rating to a “neutral” rating and lowered their price target for the company from $60.00 to $51.00 in a report on Tuesday, May 23rd. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $55.20.

In other news, Director David A. Peacock bought 4,500 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The stock was bought at an average price of $50.03 per share, for a total transaction of $225,135.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kelvin R. Westbrook sold 5,200 shares of the business’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $48.08, for a total value of $250,016.00. Following the sale, the director now owns 6,684 shares of the company’s stock, valued at approximately $321,366.72. The disclosure for this sale can be found here. Insiders own 5.14% of the company’s stock.

Stifel Financial Corporation (NYSE SF) opened at 48.10 on Friday. Stifel Financial Corporation has a 12-month low of $36.71 and a 12-month high of $56.62. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 24.83 and a beta of 1.70. The company’s 50-day moving average price is $48.66 and its 200-day moving average price is $47.97.

Stifel Financial Corporation (NYSE:SF) last posted its quarterly earnings data on Monday, July 31st. The financial services provider reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.14. The company had revenue of $725.60 million for the quarter, compared to analyst estimates of $689.67 million. Stifel Financial Corporation had a return on equity of 9.30% and a net margin of 6.03%. The business’s revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.69 earnings per share. Equities analysts expect that Stifel Financial Corporation will post $3.43 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.83%. Stifel Financial Corporation’s payout ratio is currently 20.73%.

Stifel Financial Corporation Company 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 Corporation (NYSE:SF)

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