Stifel Financial Corporation $SF Position Reduced by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund reduced its position in Stifel Financial Corporation (NYSE:SF) by 5.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,933 shares of the financial services provider’s stock after selling 1,504 shares during the period. Illinois Municipal Retirement Fund’s holdings in Stifel Financial were worth $2,899,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Allworth Financial LP grew its position in Stifel Financial by 67.7% during the 1st quarter. Allworth Financial LP now owns 337 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 136 shares in the last quarter. Hantz Financial Services Inc. boosted its position in shares of Stifel Financial by 5,528.6% in the second quarter. Hantz Financial Services Inc. now owns 394 shares of the financial services provider’s stock worth $41,000 after buying an additional 387 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Stifel Financial by 40.8% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 466 shares of the financial services provider’s stock valued at $48,000 after buying an additional 135 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Stifel Financial during the first quarter valued at $68,000. Finally, Quarry LP lifted its stake in Stifel Financial by 151.9% in the 1st quarter. Quarry LP now owns 1,156 shares of the financial services provider’s stock worth $109,000 after acquiring an additional 697 shares in the last quarter. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SF shares. Citigroup reaffirmed an “outperform” rating on shares of Stifel Financial in a research note on Thursday, October 9th. Stifel Nicolaus set a $131.00 price objective on shares of Stifel Financial in a research report on Wednesday, October 8th. Zacks Research upgraded shares of Stifel Financial from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. TD Cowen raised shares of Stifel Financial from a “hold” rating to a “buy” rating and lifted their target price for the company from $118.00 to $131.00 in a research note on Wednesday, October 8th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Stifel Financial in a research note on Wednesday, October 8th. One 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.90.

Stifel Financial Price Performance

NYSE SF opened at $121.98 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $12.42 billion, a PE ratio of 21.55 and a beta of 1.19. Stifel Financial Corporation has a 12-month low of $73.27 and a 12-month high of $125.73. The company has a 50 day moving average price of $114.93 and a two-hundred day moving average price of $107.57.

Stifel Financial (NYSE:SF) last announced its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported $1.95 EPS for the quarter, topping the consensus estimate of $1.89 by $0.06. Stifel Financial had a net margin of 12.44% and a return on equity of 15.06%. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the prior year, the business posted $1.50 EPS. Stifel Financial’s quarterly revenue was up 16.7% on a year-over-year basis. As a group, equities analysts predict that Stifel Financial Corporation will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a $0.46 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.5%. Stifel Financial’s payout ratio is currently 32.51%.

Stifel Financial Profile

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.