Channing Capital Management buys $33,314,455 stake in Stifel Financial Corp (SF)

Stifel Financial Corp (SF) : Channing Capital Management scooped up 293,838 additional shares in Stifel Financial Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 910,231 shares of Stifel Financial Corp which is valued at $33,314,455.Stifel Financial Corp makes up approximately 1.34% of Channing Capital Management’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in SF by selling 9,417 shares or 6.53% in the most recent quarter. The Hedge Fund company now holds 134,765 shares of SF which is valued at $4,932,399. Stifel Financial Corp makes up approx 0.01% of California State Teachers Retirement System’s portfolio. Kornitzer Capital Management Inc Ks sold out all of its stake in SF during the most recent quarter. The investment firm sold 275,665 shares of SF which is valued $9,744,758.New York State Teachers Retirement System reduced its stake in SF by selling 10,400 shares or 9.65% in the most recent quarter. The Hedge Fund company now holds 97,400 shares of SF which is valued at $3,329,132. Stifel Financial Corp makes up approx 0.01% of New York State Teachers Retirement System’s portfolio. Gemmer Asset Management sold out all of its stake in SF during the most recent quarter. The investment firm sold 33 shares of SF which is valued $1,128. Capstone Asset Management Co added SF to its portfolio by purchasing 6,540 company shares during the most recent quarter which is valued at $209,934. Stifel Financial Corp makes up approx 0.01% of Capstone Asset Management Co’s portfolio.

Stifel Financial Corp closed down -0.59 points or -1.61% at $36.01 with 10,45,599 shares getting traded on Thursday. Post opening the session at $36.53, the shares hit an intraday low of $35.845 and an intraday high of $36.65 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Stifel Financial Corp reported $0.69 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.58. The company had revenue of $652.10 million for the quarter, compared to analysts expectations of $615.82 million. The company’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS.

Stifel Financial Corp. is a financial holding company. The Company operates in three segments: Global Wealth Management Institutional Group and Other. Global Wealth Management segment is engaged in the provision of Customer Financing and Asset Management and operates Consolidated Stifel Branch System and Stifel Bank. Institutional Group segment includes research equity and fixed income institutional sales and trading investment banking public finance and syndicate. Other segment includes interest income from stock borrow activities unallocated interest expense interest income and gains and losses from investments held. The Company through its subsidiary Stifel Nicolaus & Company Incorporated (Stifel) offers retail and institutional brokerage and investment banking firm. The Company through other subsidiaries is engaged in independent contractor broker-dealing; broker-dealing; retail and commercial banking; trust business and asset management.

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