Montag A Associates Inc buys $5,653,199 stake in Stifel Financial Corp (SF)

Stifel Financial Corp (SF) : Montag A Associates Inc scooped up 122,710 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 2, 2016. The investment management firm now holds a total of 154,459 shares of Stifel Financial Corp which is valued at $5,653,199.Stifel Financial Corp makes up approximately 0.73% of Montag A Associates Inc’s portfolio.

Other Hedge Funds, Including , Oregon Public Employees Retirement Fund boosted its stake in SF in the latest quarter, The investment management firm added 564 additional shares and now holds a total of 23,317 shares of Stifel Financial Corp which is valued at $853,402. Stifel Financial Corp makes up approx 0.02% of Oregon Public Employees Retirement Fund’s portfolio. Chicago Equity Partners added SF to its portfolio by purchasing 67,133 company shares during the most recent quarter which is valued at $2,373,152. Stifel Financial Corp makes up approx 0.07% of Chicago Equity Partners’s portfolio.Trillium Asset Management boosted its stake in SF in the latest quarter, The investment management firm added 39,746 additional shares and now holds a total of 405,720 shares of Stifel Financial Corp which is valued at $14,342,202. Stifel Financial Corp makes up approx 0.90% of Trillium Asset Management’s portfolio.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.

Stifel Financial Corp closed down -0.1 points or -0.27% at $37.15 with 3,89,313 shares getting traded on Monday. Post opening the session at $37.41, the shares hit an intraday low of $36.98 and an intraday high of $37.675 and the price fluctuated in this range throughout the day.Shares ended Monday 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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