Eagle Asset Management Inc buys $82,968,885 stake in Stifel Financial Corp (SF)

Stifel Financial Corp (SF) : Eagle Asset Management Inc scooped up 110,406 additional shares in Stifel Financial Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 2,108,485 shares of Stifel Financial Corp which is valued at $82,968,885.Stifel Financial Corp makes up approximately 0.57% of Eagle Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Weaver C. Barksdale Associates reduced its stake in SF by selling 6 shares or 1.93% in the most recent quarter. The Hedge Fund company now holds 305 shares of SF which is valued at $12,002. Stifel Financial Corp makes up approx 0.02% of Weaver C. Barksdale Associates’s portfolio.Fisher Asset Management boosted its stake in SF in the latest quarter, The investment management firm added 66,960 additional shares and now holds a total of 2,223,992 shares of Stifel Financial Corp which is valued at $88,937,440. Stifel Financial Corp makes up approx 0.16% of Fisher Asset Management’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in SF in the latest quarter, The investment management firm added 458 additional shares and now holds a total of 23,775 shares of Stifel Financial Corp which is valued at $950,762. Stifel Financial Corp makes up approx 0.02% of Oregon Public Employees Retirement Fund’s portfolio.First Mercantile Trust Co reduced its stake in SF by selling 6,710 shares or 40.16% in the most recent quarter. The Hedge Fund company now holds 10,000 shares of SF which is valued at $397,400. Stifel Financial Corp makes up approx 0.05% of First Mercantile Trust Co’s portfolio.Independent Portfolio Consultants reduced its stake in SF by selling 105 shares or 0.43% in the most recent quarter. The Hedge Fund company now holds 24,600 shares of SF which is valued at $984,984. Stifel Financial Corp makes up approx 0.31% of Independent Portfolio Consultants’s portfolio.

Stifel Financial Corp closed down -0.64 points or -1.60% at $39.35 with 4,94,288 shares getting traded on Tuesday. Post opening the session at $39.89, the shares hit an intraday low of $39.08 and an intraday high of $40.105 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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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