Illinois Municipal Retirement Fund Boosts Holdings in Stifel Financial Corporation $SF

Illinois Municipal Retirement Fund boosted its holdings in shares of Stifel Financial Corporation (NYSE:SF) by 65.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,128 shares of the financial services provider’s stock after buying an additional 10,302 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Stifel Financial were worth $1,931,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SF. Brown Brothers Harriman & Co. raised its position in Stifel Financial by 15.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 811 shares of the financial services provider’s stock worth $102,000 after acquiring an additional 106 shares during the period. Steward Partners Investment Advisory LLC increased its stake in shares of Stifel Financial by 0.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 23,449 shares of the financial services provider’s stock worth $2,936,000 after purchasing an additional 114 shares in the last quarter. Principal Securities Inc. increased its stake in shares of Stifel Financial by 6.9% in the 4th quarter. Principal Securities Inc. now owns 1,926 shares of the financial services provider’s stock worth $241,000 after purchasing an additional 124 shares in the last quarter. Clark Capital Management Group Inc. raised its holdings in Stifel Financial by 3.8% in the 3rd quarter. Clark Capital Management Group Inc. now owns 3,642 shares of the financial services provider’s stock worth $413,000 after purchasing an additional 134 shares during the period. Finally, Crossmark Global Holdings Inc. raised its holdings in Stifel Financial by 1.8% in the 4th quarter. Crossmark Global Holdings Inc. now owns 7,811 shares of the financial services provider’s stock worth $978,000 after purchasing an additional 140 shares during the period. 82.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on SF shares. UBS Group reissued a “buy” rating and set a $86.00 price target (down from $89.00) on shares of Stifel Financial in a report on Wednesday, July 8th. TD Cowen decreased their price objective on Stifel Financial from $136.00 to $92.00 and set a “hold” rating on the stock in a research note on Monday, March 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stifel Financial in a research report on Friday, May 29th. Finally, Zacks Research upgraded Stifel Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $91.75.

Stifel Financial Trading Up 0.3%

Stifel Financial stock opened at $77.40 on Tuesday. Stifel Financial Corporation has a 1 year low of $67.81 and a 1 year high of $89.83. The firm’s 50 day moving average price is $73.00 and its 200-day moving average price is $76.92. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.85 and a quick ratio of 0.80. The stock has a market cap of $11.87 billion, a P/E ratio of 15.06 and a beta of 1.01.

Stifel Financial (NYSE:SF) last issued its earnings results on Wednesday, April 22nd. The financial services provider reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.51 billion. Stifel Financial had a net margin of 15.34% and a return on equity of 18.76%. Stifel Financial’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.49 earnings per share. On average, equities analysts predict that Stifel Financial Corporation will post 6.22 earnings per share for the current fiscal year.

Stifel Financial Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Monday, June 1st. Stifel Financial’s payout ratio is 26.46%.

Stifel Financial Company Profile

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full?service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research?driven insights.

The firm’s main business activities are organized into two core segments: Private Client Group and Institutional Group.