VIRGINIA RETIREMENT SYSTEMS ET Al Acquires Shares of 10,700 Stifel Financial Corporation $SF

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Stifel Financial Corporation (NYSE:SF) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,700 shares of the financial services provider’s stock, valued at approximately $1,110,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Stifel Financial by 2.1% in the first quarter. Vanguard Group Inc. now owns 10,620,407 shares of the financial services provider’s stock valued at $1,001,080,000 after buying an additional 217,415 shares during the period. AQR Capital Management LLC raised its stake in Stifel Financial by 314.1% in the first quarter. AQR Capital Management LLC now owns 1,383,836 shares of the financial services provider’s stock valued at $126,925,000 after buying an additional 1,049,665 shares during the period. Invesco Ltd. raised its stake in Stifel Financial by 0.3% in the first quarter. Invesco Ltd. now owns 1,211,580 shares of the financial services provider’s stock valued at $114,204,000 after buying an additional 4,115 shares during the period. Northern Trust Corp raised its stake in Stifel Financial by 0.6% in the first quarter. Northern Trust Corp now owns 1,136,207 shares of the financial services provider’s stock valued at $107,099,000 after buying an additional 7,229 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in Stifel Financial by 529.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 398,633 shares of the financial services provider’s stock valued at $37,576,000 after buying an additional 335,257 shares during the period. Institutional investors own 82.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. TD Cowen upgraded Stifel Financial from a “hold” rating to a “buy” rating and upped their price objective for the company from $118.00 to $131.00 in a research note on Wednesday, October 8th. UBS Group set a $135.00 price objective on Stifel Financial in a research note on Thursday, October 9th. Stifel Nicolaus set a $131.00 target price on Stifel Financial in a research report on Wednesday, October 8th. Citigroup reaffirmed an “outperform” rating on shares of Stifel Financial in a research report on Thursday, October 9th. Finally, Cowen raised Stifel Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Stifel Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.90.

Stifel Financial Price Performance

Stifel Financial stock opened at $116.66 on Friday. Stifel Financial Corporation has a 12 month low of $73.27 and a 12 month high of $120.64. The stock’s 50 day moving average is $113.24 and its 200-day moving average is $103.63. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $11.92 billion, a price-to-earnings ratio of 20.61 and a beta of 1.13.

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

Stifel Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $1.84 dividend on an annualized basis and a yield of 1.6%. Stifel Financial’s dividend payout ratio is currently 35.66%.

Stifel Financial Company 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.