New York State Teachers Retirement System grew its position in shares of Stifel Financial Corporation (NYSE:SF – Free Report) by 46.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 209,930 shares of the financial services provider’s stock after purchasing an additional 66,657 shares during the quarter. New York State Teachers Retirement System owned approximately 0.14% of Stifel Financial worth $15,518,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Advisory Services Network LLC purchased a new position in Stifel Financial during the 3rd quarter worth approximately $29,000. Activest Wealth Management lifted its stake in Stifel Financial by 12,000.0% in the fourth quarter. Activest Wealth Management now owns 242 shares of the financial services provider’s stock valued at $30,000 after buying an additional 240 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Stifel Financial in the fourth quarter valued at approximately $34,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Stifel Financial in the fourth quarter valued at approximately $50,000. Finally, BOKF NA boosted its holdings in shares of Stifel Financial by 1,626.9% in the third quarter. BOKF NA now owns 449 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 423 shares during the period. Institutional investors and hedge funds own 82.01% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on the stock. UBS Group lowered their target price on shares of Stifel Financial from $100.00 to $89.00 and set a “buy” rating on the stock in a research report on Wednesday, April 8th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Stifel Financial in a research note on Friday, May 29th. Zacks Research raised shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Finally, TD Cowen dropped their price objective on shares of Stifel Financial from $136.00 to $92.00 and set a “hold” rating on the stock in a research note on Monday, March 23rd. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.15.
Stifel Financial Trading Down 0.1%
Shares of SF stock opened at $73.12 on Friday. The company has a market capitalization of $11.22 billion, a P/E ratio of 14.23 and a beta of 1.01. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. The business’s 50 day moving average is $73.23 and its two-hundred day moving average is $77.65. Stifel Financial Corporation has a twelve month low of $67.81 and a twelve month high of $89.83.
Stifel Financial (NYSE:SF – Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $1.45 EPS for the quarter, topping the consensus estimate of $1.39 by $0.06. Stifel Financial had a return on equity of 18.76% and a net margin of 15.34%.The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the prior year, the business earned $0.49 earnings per share. The company’s quarterly revenue was up 17.7% compared to the same quarter last year. Equities analysts forecast that Stifel Financial Corporation will post 6.25 EPS for the current year.
Stifel Financial Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a dividend of $0.34 per share. The ex-dividend date was Monday, June 1st. This represents a $1.36 dividend on an annualized basis and a yield of 1.9%. Stifel Financial’s dividend payout ratio is presently 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.
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