Oregon Public Employees Retirement Fund Has $2.31 Million Stock Holdings in Stifel Financial Corporation $SF

Oregon Public Employees Retirement Fund boosted its stake in shares of Stifel Financial Corporation (NYSE:SF) by 53.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,316 shares of the financial services provider’s stock after purchasing an additional 10,964 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Stifel Financial were worth $2,315,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of SF. Montag A & Associates Inc. raised its holdings in Stifel Financial by 49.9% in the 1st quarter. Montag A & Associates Inc. now owns 877 shares of the financial services provider’s stock valued at $65,000 after acquiring an additional 292 shares during the period. Jackson Thornton Wealth Management LLC boosted its holdings in shares of Stifel Financial by 66.9% during the first quarter. Jackson Thornton Wealth Management LLC now owns 3,659 shares of the financial services provider’s stock worth $283,000 after acquiring an additional 1,467 shares during the period. Sage Rhino Capital LLC boosted its holdings in shares of Stifel Financial by 55.6% during the first quarter. Sage Rhino Capital LLC now owns 2,737 shares of the financial services provider’s stock worth $202,000 after acquiring an additional 978 shares during the period. Stephens Inc. AR grew its position in shares of Stifel Financial by 50.0% in the first quarter. Stephens Inc. AR now owns 4,192 shares of the financial services provider’s stock valued at $310,000 after purchasing an additional 1,397 shares during the last quarter. Finally, Praxis Investment Management Inc. increased its stake in shares of Stifel Financial by 115.2% during the first quarter. Praxis Investment Management Inc. now owns 4,799 shares of the financial services provider’s stock worth $355,000 after purchasing an additional 2,569 shares during the period. 82.01% of the stock is owned by institutional investors.

Stifel Financial Price Performance

NYSE:SF traded down $0.52 during trading hours on Friday, reaching $75.22. 1,090,921 shares of the company were exchanged, compared to its average volume of 1,359,686. The company has a market capitalization of $11.54 billion, a P/E ratio of 14.63 and a beta of 1.01. Stifel Financial Corporation has a 1-year low of $67.81 and a 1-year high of $89.83. 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 business has a 50 day moving average of $72.97 and a 200 day moving average of $77.32.

Stifel Financial (NYSE:SF) last announced its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.06. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Stifel Financial had a return on equity of 18.76% and a net margin of 15.34%.The company’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.49 EPS. Research 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. Investors of record on Monday, June 1st were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.36 annualized dividend and a yield of 1.8%. Stifel Financial’s dividend payout ratio is currently 26.46%.

Analyst Ratings Changes

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

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.