Keybank National Association OH bought a new position in shares of Stifel Financial Corporation (NYSE:SF - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,242 shares of the financial services provider's stock, valued at approximately $440,000.

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A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Stifel Financial by 2.1% during the first quarter. Vanguard Group Inc. now owns 10,620,407 shares of the financial services provider's stock worth $1,001,080,000 after acquiring an additional 217,415 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Stifel Financial by 314.1% in the first quarter. AQR Capital Management LLC now owns 1,383,836 shares of the financial services provider's stock valued at $126,925,000 after buying an additional 1,049,665 shares during the last quarter. Invesco Ltd. raised its position in shares of Stifel Financial by 0.3% in the first quarter. Invesco Ltd. now owns 1,211,580 shares of the financial services provider's stock valued at $114,204,000 after buying an additional 4,115 shares during the last quarter. Northern Trust Corp raised its position in shares of Stifel Financial by 0.6% in the first quarter. Northern Trust Corp now owns 1,136,207 shares of the financial services provider's stock valued at $107,099,000 after buying an additional 7,229 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Stifel Financial by 529.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 398,633 shares of the financial services provider's stock valued at $37,576,000 after buying an additional 335,257 shares during the last quarter. Institutional investors and hedge funds own 82.01% of the company's stock.

Stifel Financial Price Performance

Stifel Financial stock opened at $119.51 on Wednesday. Stifel Financial Corporation has a 1 year low of $73.27 and a 1 year high of $120.97. The firm has a 50 day moving average price of $114.02 and a 200 day moving average price of $106.06. The company has a market cap of $12.21 billion, a price-to-earnings ratio of 21.11 and a beta of 1.13. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 0.82.

• Analysts Upgrade GXO Logistics, Its First Quarter Says It All

Stifel Financial (NYSE:SF - Get Free Report) last released its earnings results on Wednesday, October 22nd. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.89 by $0.06. Stifel Financial had a net margin of 12.44% and a return on equity of 15.06%. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the previous year, the firm earned $1.50 earnings per share. Stifel Financial's revenue was up 16.7% compared to the same quarter last year. Sell-side analysts predict that Stifel Financial Corporation will post 8.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. JMP Securities boosted their price objective on shares of Stifel Financial from $130.00 to $135.00 and gave the company a "market outperform" rating in a research report on Thursday, October 9th. Zacks Research raised shares of Stifel Financial from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 24th. Wells Fargo & Company boosted their price objective on shares of Stifel Financial from $102.00 to $125.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. Wall Street Zen raised shares of Stifel Financial from a "sell" rating to a "hold" rating in a research report on Sunday, August 3rd. Finally, BMO Capital Markets assumed coverage on shares of Stifel Financial in a research report on Friday, October 3rd. They issued a "market perform" rating and a $121.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $125.90.

View Our Latest Stock Report on Stifel Financial

About Stifel Financial

(Free Report)

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 and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.

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