Stifel Financial Corporation (SF) Shares Bought by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. raised its stake in Stifel Financial Corporation (NYSE:SF) by 1.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,849 shares of the financial services provider’s stock after acquiring an additional 320 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Stifel Financial Corporation were worth $1,464,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Amalgamated Bank lifted its holdings in Stifel Financial Corporation by 0.3% in the first quarter. Amalgamated Bank now owns 9,058 shares of the financial services provider’s stock valued at $455,000 after acquiring an additional 23 shares during the period. Neuberger Berman Group LLC raised its stake in shares of Stifel Financial Corporation by 0.8% in the second quarter. Neuberger Berman Group LLC now owns 5,627 shares of the financial services provider’s stock worth $259,000 after buying an additional 42 shares during the period. LS Investment Advisors LLC raised its stake in shares of Stifel Financial Corporation by 1.8% in the first quarter. LS Investment Advisors LLC now owns 4,604 shares of the financial services provider’s stock worth $231,000 after buying an additional 83 shares during the period. Greenwood Capital Associates LLC raised its stake in shares of Stifel Financial Corporation by 2.9% in the second quarter. Greenwood Capital Associates LLC now owns 4,502 shares of the financial services provider’s stock worth $207,000 after buying an additional 129 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Stifel Financial Corporation by 1.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,955 shares of the financial services provider’s stock valued at $500,000 after purchasing an additional 146 shares during the period. 87.11% of the stock is currently owned by institutional investors.

In other news, Director Frederick O. Hanser sold 4,000 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $50.00, for a total value of $200,000.00. Following the completion of the transaction, the director now directly owns 33,255 shares in the company, valued at $1,662,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David A. Peacock bought 4,500 shares of Stifel Financial Corporation stock in a transaction that occurred on Wednesday, August 2nd. The shares were acquired at an average price of $50.03 per share, with a total value of $225,135.00. The disclosure for this purchase can be found here. Company insiders own 5.14% of the company’s stock.

TRADEMARK VIOLATION WARNING: This article was first posted by BBNS and is owned by of BBNS. If you are viewing this article on another domain, it was illegally copied and reposted in violation of US and international copyright & trademark legislation. The original version of this article can be viewed at https://baseballnewssource.com/markets/stifel-financial-corporation-sf-shares-bought-by-oppenheimer-asset-management-inc/1601246.html.

Several brokerages recently issued reports on SF. Zacks Investment Research upgraded Stifel Financial Corporation from a “sell” rating to a “buy” rating and set a $57.00 target price for the company in a report on Thursday, August 3rd. JMP Securities reissued a “neutral” rating on shares of Stifel Financial Corporation in a research note on Friday, August 18th. BidaskClub raised Stifel Financial Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Nomura reissued a “neutral” rating on shares of Stifel Financial Corporation in a research note on Tuesday, May 23rd. Finally, TheStreet raised Stifel Financial Corporation from a “c+” rating to a “b” rating in a research note on Monday, July 31st. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $55.20.

Stifel Financial Corporation (NYSE:SF) traded up 0.7118% on Friday, hitting $48.4323. The stock had a trading volume of 143,507 shares. The company has a market cap of $3.31 billion, a P/E ratio of 25.0038 and a beta of 1.70. The firm’s 50-day moving average is $48.66 and its 200-day moving average is $47.97. Stifel Financial Corporation has a 52-week low of $36.71 and a 52-week high of $56.62.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend is Wednesday, August 30th. Stifel Financial Corporation’s dividend payout ratio (DPR) is presently 20.73%.

About Stifel Financial Corporation

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.

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

Receive News & Ratings for Stifel Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stifel Financial Corporation and related companies with our FREE daily email newsletter.

 


Latest News

Los Angeles Dodgers Waiting But Magic Number Down to One
Los Angeles Dodgers Waiting But Magic Number Down to One
Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22
Tigers Player Might Play All Nine Positions During Same Game
Tigers Player Might Play All Nine Positions During Same Game


Leave a Reply

 
© 2006-2017 BBNS.