California State Teachers Retirement System lowered its holdings in Stifel Financial Corp (NYSE:SF) by 2.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 106,283 shares of the financial services provider’s stock after selling 2,364 shares during the quarter. California State Teachers Retirement System’s holdings in Stifel Financial were worth $5,607,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Oregon Public Employees Retirement Fund boosted its holdings in Stifel Financial by 4,042.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,179,559 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 1,151,081 shares during the last quarter. Larson Financial Group LLC bought a new stake in Stifel Financial in the 4th quarter valued at about $28,000. Shine Investment Advisory Services Inc. raised its stake in Stifel Financial by 50.6% in the 1st quarter. Shine Investment Advisory Services Inc. now owns 661 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 222 shares during the period. Investors Research Corp bought a new stake in Stifel Financial in the 1st quarter valued at about $80,000. Finally, Private Capital Group LLC raised its stake in Stifel Financial by 25.0% in the 1st quarter. Private Capital Group LLC now owns 3,482 shares of the financial services provider’s stock valued at $184,000 after acquiring an additional 697 shares during the period. 86.27% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider Victor Nesi sold 1,250 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $56.04, for a total value of $70,050.00. Following the completion of the transaction, the insider now directly owns 184,910 shares of the company’s stock, valued at approximately $10,362,356.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director James M. Oates sold 20,000 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $58.61, for a total value of $1,172,200.00. Following the transaction, the director now directly owns 17,397 shares in the company, valued at $1,019,638.17. The disclosure for this sale can be found here. Company insiders own 3.77% of the company’s stock.
SF has been the subject of several research reports. Compass Point assumed coverage on Stifel Financial in a research note on Thursday, May 30th. They issued a “buy” rating and a $65.00 target price for the company. Goldman Sachs Group upgraded Stifel Financial from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $55.00 to $70.00 in a report on Thursday, May 9th. JMP Securities increased their target price on Stifel Financial from $61.00 to $65.00 and gave the stock a “market outperform” rating in a research note on Monday, April 8th. Wells Fargo & Co increased their price objective on Stifel Financial from $54.00 to $56.00 and gave the company a “market perform” rating in a research report on Friday, April 5th. Finally, Zacks Investment Research cut Stifel Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 4th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $62.67.
Stifel Financial stock opened at $57.97 on Wednesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.65 and a current ratio of 0.72. Stifel Financial Corp has a one year low of $38.39 and a one year high of $60.95. The firm has a market cap of $4.00 billion, a P/E ratio of 10.98, a price-to-earnings-growth ratio of 1.65 and a beta of 1.86.
Stifel Financial (NYSE:SF) last announced its earnings results on Tuesday, April 30th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.11. The business had revenue of $770.40 million for the quarter, compared to analysts’ expectations of $745.21 million. Stifel Financial had a return on equity of 14.77% and a net margin of 13.28%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the firm posted $1.15 earnings per share. As a group, equities analysts anticipate that Stifel Financial Corp will post 5.7 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.04%. The ex-dividend date is Friday, May 31st. Stifel Financial’s dividend payout ratio (DPR) is presently 11.36%.
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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, the United Kingdom, rest of Europe, and Asia. The company operates through three segments: Global Wealth Management, Institutional Group, and Other.
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