Bowling Portfolio Management LLC Invests $1.42 Million in Stifel Financial Corp. (NYSE:SF)

Bowling Portfolio Management LLC bought a new position in shares of Stifel Financial Corp. (NYSE:SFGet Rating) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 20,945 shares of the financial services provider’s stock, valued at approximately $1,422,000.

Several other large investors have also recently modified their holdings of SF. Balyasny Asset Management LLC boosted its holdings in Stifel Financial by 16.5% in the 3rd quarter. Balyasny Asset Management LLC now owns 555,368 shares of the financial services provider’s stock worth $37,743,000 after acquiring an additional 78,771 shares during the period. Natixis Advisors L.P. boosted its holdings in Stifel Financial by 15.9% in the 4th quarter. Natixis Advisors L.P. now owns 41,696 shares of the financial services provider’s stock worth $2,936,000 after acquiring an additional 5,725 shares during the period. UBS Asset Management Americas Inc. boosted its holdings in Stifel Financial by 8.3% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 225,139 shares of the financial services provider’s stock worth $15,300,000 after acquiring an additional 17,319 shares during the period. Squarepoint Ops LLC boosted its holdings in Stifel Financial by 101.7% in the 4th quarter. Squarepoint Ops LLC now owns 17,074 shares of the financial services provider’s stock worth $1,202,000 after acquiring an additional 8,611 shares during the period. Finally, Private Capital Group LLC boosted its holdings in Stifel Financial by 9.2% in the 4th quarter. Private Capital Group LLC now owns 2,148 shares of the financial services provider’s stock worth $151,000 after acquiring an additional 181 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Separately, StockNews.com began coverage on Stifel Financial in a report on Thursday, March 31st. They issued a “hold” rating for the company.

NYSE:SF opened at $56.37 on Thursday. Stifel Financial Corp. has a 1 year low of $55.17 and a 1 year high of $83.28. The stock has a market cap of $6.01 billion, a price-to-earnings ratio of 8.48 and a beta of 1.28. The business has a fifty day moving average of $62.41 and a 200-day moving average of $67.94. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.78 and a current ratio of 0.83.

Stifel Financial (NYSE:SFGet Rating) last released its quarterly earnings results on Wednesday, April 27th. The financial services provider reported $1.49 earnings per share (EPS) for the quarter. Stifel Financial had a return on equity of 20.84% and a net margin of 17.49%. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the prior year, the business posted $1.50 earnings per share. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Wednesday, June 1st were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend was Tuesday, May 31st. Stifel Financial’s dividend payout ratio is 18.05%.

In other Stifel Financial news, CEO Ronald J. Kruszewski acquired 10,000 shares of Stifel Financial stock in a transaction that occurred on Friday, April 29th. The stock was purchased at an average cost of $61.94 per share, with a total value of $619,400.00. Following the purchase, the chief executive officer now owns 1,311,325 shares in the company, valued at $81,223,470.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.24% of the company’s stock.

Stifel Financial Profile (Get Rating)

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, the rest of Europe, and Canada.

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

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