Stifel Financial Corporation $SF Shares Bought by Strs Ohio

Strs Ohio raised its stake in Stifel Financial Corporation (NYSE:SF) by 37.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 99,046 shares of the financial services provider’s stock after purchasing an additional 26,878 shares during the quarter. Strs Ohio owned 0.06% of Stifel Financial worth $7,321,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of SF. Brown Brothers Harriman & Co. lifted its holdings in shares of Stifel Financial by 15.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 811 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 106 shares during the period. Steward Partners Investment Advisory LLC increased its stake in Stifel Financial by 0.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 23,449 shares of the financial services provider’s stock valued at $2,936,000 after buying an additional 114 shares during the period. Principal Securities Inc. raised its position in Stifel Financial by 6.9% during the 4th quarter. Principal Securities Inc. now owns 1,926 shares of the financial services provider’s stock worth $241,000 after buying an additional 124 shares during the last quarter. Clark Capital Management Group Inc. raised its position in Stifel Financial by 3.8% during the 3rd quarter. Clark Capital Management Group Inc. now owns 3,642 shares of the financial services provider’s stock worth $413,000 after buying an additional 134 shares during the last quarter. Finally, Crossmark Global Holdings Inc. lifted its stake in shares of Stifel Financial by 1.8% in the 4th quarter. Crossmark Global Holdings Inc. now owns 7,811 shares of the financial services provider’s stock worth $978,000 after acquiring an additional 140 shares during the period. Institutional investors and hedge funds own 82.01% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Stifel Financial in a research note on Friday, May 29th. Zacks Research raised Stifel Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. UBS Group dropped their target price on Stifel Financial from $100.00 to $89.00 and set a “buy” rating on the stock in a research report on Wednesday, April 8th. Finally, TD Cowen cut their target price on Stifel Financial from $136.00 to $92.00 and set a “hold” rating for the company in a research note on Monday, March 23rd. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Stifel Financial has an average rating of “Moderate Buy” and a consensus price target of $91.15.

Stifel Financial Stock Performance

Shares of SF opened at $73.12 on Monday. The company has a 50-day simple moving average of $73.23 and a 200-day simple moving average of $77.60. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $11.22 billion, a PE ratio of 14.23 and a beta of 1.01. Stifel Financial Corporation has a 52-week low of $67.81 and a 52-week high of $89.83.

Stifel Financial (NYSE:SF) last released its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06. Stifel Financial had a net margin of 15.34% and a return on equity of 18.76%. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the firm earned $0.49 earnings per share. The firm’s revenue was up 17.7% on a year-over-year basis. Equities research analysts predict that Stifel Financial Corporation will post 6.25 earnings per share for the current fiscal year.

Stifel Financial Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid 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 dividend yield of 1.9%. Stifel Financial’s payout ratio is 26.46%.

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.