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Loomis Sayles reduced its stake in Stifel Financial, but the company still beat earnings estimates.
Investment firm Loomis Sayles & Co. L.P. decreased its holdings in Stifel Financial Corp. (NYSE:SF) by 2.9% in the fourth quarter, selling 5,018 shares and retaining 165,800 shares valued at $17.59 million.
Despite this, Stifel Financial's performance is strong, with a recent quarterly EPS of $2.23, surpassing the $1.96 consensus estimate.
The company has a "Hold" rating and an average price target of $117.71.
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Loomis Sayles redujo su participación en Stifel Financial, pero la compañía sigue superando las estimaciones de ingresos.