Stifel Financial Corp. (NYSE:SF) Shares Sold by Texas Permanent School Fund

Texas Permanent School Fund decreased its position in Stifel Financial Corp. (NYSE:SFGet Rating) by 1.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 74,085 shares of the financial services provider’s stock after selling 1,304 shares during the period. Texas Permanent School Fund owned approximately 0.07% of Stifel Financial worth $5,030,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Millennium Management LLC increased its stake in Stifel Financial by 16.2% during the 4th quarter. Millennium Management LLC now owns 2,638,650 shares of the financial services provider’s stock valued at $185,814,000 after buying an additional 368,025 shares during the period. Point72 Asset Management L.P. increased its stake in shares of Stifel Financial by 528.8% during the fourth quarter. Point72 Asset Management L.P. now owns 377,300 shares of the financial services provider’s stock valued at $26,569,000 after acquiring an additional 317,300 shares during the period. Qube Research & Technologies Ltd bought a new stake in Stifel Financial during the fourth quarter worth approximately $13,025,000. Gillson Capital LP lifted its position in Stifel Financial by 183.5% in the fourth quarter. Gillson Capital LP now owns 223,656 shares of the financial services provider’s stock worth $15,750,000 after purchasing an additional 144,764 shares during the period. Finally, Schroder Investment Management Group boosted its stake in Stifel Financial by 1,122.5% during the 4th quarter. Schroder Investment Management Group now owns 154,196 shares of the financial services provider’s stock valued at $10,859,000 after purchasing an additional 141,583 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analysts Set New Price Targets

Separately, JMP Securities dropped their price objective on Stifel Financial from $103.00 to $100.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 12th.

Stifel Financial Price Performance

Shares of NYSE SF opened at $60.96 on Friday. Stifel Financial Corp. has a twelve month low of $52.55 and a twelve month high of $83.28. The company has a current ratio of 0.83, a quick ratio of 0.78 and a debt-to-equity ratio of 0.40. The firm has a 50-day moving average of $58.65 and a two-hundred day moving average of $64.90. The company has a market capitalization of $6.50 billion, a price-to-earnings ratio of 9.62 and a beta of 1.27.

Stifel Financial (NYSE:SFGet Rating) last released its earnings results on Wednesday, July 27th. The financial services provider reported $1.40 EPS for the quarter. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.18 billion. Stifel Financial had a net margin of 16.86% and a return on equity of 19.60%. The business’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.70 EPS.

Stifel Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend is Wednesday, August 31st. Stifel Financial’s dividend payout ratio is presently 18.93%.

Stifel Financial Profile

(Get Rating)

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, the rest of Europe, and Canada.

See Also

Institutional Ownership by Quarter for Stifel Financial (NYSE:SF)

Receive News & Ratings for Stifel Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stifel Financial and related companies with MarketBeat.com's FREE daily email newsletter.