Peregrine Capital Management LLC lessened its position in Stifel Financial Corp (NYSE:SF) by 0.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 646,367 shares of the financial services provider’s stock after selling 1,972 shares during the period. Stifel Financial comprises 0.9% of Peregrine Capital Management LLC’s portfolio, making the stock its 6th largest holding. Peregrine Capital Management LLC owned approximately 0.91% of Stifel Financial worth $38,174,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Shine Investment Advisory Services Inc. grew its stake in Stifel Financial by 50.6% during the first quarter. Shine Investment Advisory Services Inc. now owns 661 shares of the financial services provider’s stock worth $35,000 after buying an additional 222 shares during the period. Investors Research Corp bought a new position in Stifel Financial in the 1st quarter valued at about $80,000. Private Capital Group LLC grew its position in Stifel Financial by 25.0% in the 1st quarter. Private Capital Group LLC now owns 3,482 shares of the financial services provider’s stock valued at $184,000 after buying an additional 697 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Stifel Financial by 5.3% in the 1st quarter. Nisa Investment Advisors LLC now owns 4,000 shares of the financial services provider’s stock valued at $211,000 after buying an additional 200 shares in the last quarter. Finally, Connable Office Inc. bought a new position in Stifel Financial in the 1st quarter valued at about $214,000. 86.32% of the stock is owned by institutional investors and hedge funds.

In related news, Director John P. Dubinsky sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 19th. The shares were sold at an average price of $57.25, for a total transaction of $114,500.00. Following the transaction, the director now owns 28,956 shares of the company’s stock, valued at $1,657,731. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director James M. Oates sold 20,000 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $58.61, for a total value of $1,172,200.00. Following the transaction, the director now owns 17,397 shares in the company, valued at approximately $1,019,638.17. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,250 shares of company stock worth $1,656,920. Insiders own 3.77% of the company’s stock.

SF stock opened at $60.42 on Tuesday. The company has a quick ratio of 0.65, a current ratio of 0.72 and a debt-to-equity ratio of 0.70. Stifel Financial Corp has a one year low of $38.39 and a one year high of $60.53. The stock has a market capitalization of $4.25 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 1.76 and a beta of 1.85. The firm’s 50-day moving average price is $58.39.

Stifel Financial (NYSE:SF) last posted its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.11. The business had revenue of $770.40 million during the quarter, compared to analyst estimates of $745.21 million. Stifel Financial had a net margin of 13.28% and a return on equity of 14.77%. The firm’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.15 earnings per share. As a group, analysts forecast that Stifel Financial Corp will post 5.68 EPS for the current year.

A number of brokerages recently issued reports on SF. Goldman Sachs Group upgraded shares of MICHELIN COMPAG/ADR from a “neutral” rating to a “buy” rating in a research report on Thursday, May 9th. Wells Fargo & Co restated a “hold” rating on shares of AON in a research report on Friday, April 5th. Compass Point initiated coverage on shares of Stifel Financial in a research report on Thursday, May 30th. They set a “buy” rating and a $65.00 price objective for the company. JMP Securities raised their price objective on shares of Stifel Financial from $61.00 to $65.00 and gave the company a “market outperform” rating in a research report on Monday, April 8th. Finally, Zacks Investment Research upgraded shares of Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Tuesday, July 16th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Stifel Financial has a consensus rating of “Buy” and a consensus price target of $62.67.

Stifel Financial 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, rest of Europe, and Asia. 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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