Teachers Retirement System of The State of Kentucky increased its holdings in shares of Stifel Financial Corporation (NYSE:SF – Free Report) by 43.2% during the 1st quarter, Holdings Channel.com reports. The fund owned 72,396 shares of the financial services provider’s stock after buying an additional 21,828 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Stifel Financial were worth $5,351,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of the business. Advisory Services Network LLC acquired a new stake in shares of Stifel Financial during the 3rd quarter worth approximately $29,000. Activest Wealth Management boosted its position in Stifel Financial by 12,000.0% during the 4th quarter. Activest Wealth Management now owns 242 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 240 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in Stifel Financial during the 4th quarter valued at approximately $34,000. Cullen Frost Bankers Inc. bought a new position in Stifel Financial during the 4th quarter worth $50,000. Finally, BOKF NA grew its stake in Stifel Financial by 1,626.9% during the 3rd quarter. BOKF NA now owns 449 shares of the financial services provider’s stock worth $51,000 after buying an additional 423 shares during the last quarter. Institutional investors own 82.01% of the company’s stock.
Stifel Financial Stock Performance
Shares of NYSE SF opened at $76.29 on Wednesday. Stifel Financial Corporation has a 12-month low of $67.81 and a 12-month high of $89.83. The company has a market cap of $11.70 billion, a PE ratio of 14.84 and a beta of 1.01. The stock has a 50 day simple moving average of $72.87 and a 200-day simple moving average of $77.12. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29.
Stifel Financial Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a $0.34 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.36 annualized dividend and a dividend yield of 1.8%. Stifel Financial’s dividend payout ratio is presently 26.46%.
Analyst Ratings Changes
SF has been the topic of several analyst reports. UBS Group reaffirmed a “buy” rating and issued a $86.00 target price (down from $89.00) on shares of Stifel Financial in a research report on Wednesday, July 8th. Zacks Research raised shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Weiss Ratings restated a “buy (b-)” rating on shares of Stifel Financial in a research report on Friday, May 29th. 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 report on Monday, March 23rd. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.75.
Check Out Our Latest Research Report on SF
Stifel Financial 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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