Teachers Retirement System of The State of Kentucky Lowers Stake in Stifel Financial Corp. (NYSE:SF)

Teachers Retirement System of The State of Kentucky decreased its holdings in Stifel Financial Corp. (NYSE:SF) by 16.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 57,019 shares of the financial services provider’s stock after selling 11,609 shares during the quarter. Teachers Retirement System of The State of Kentucky owned 0.06% of Stifel Financial worth $5,355,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SF. SG Americas Securities LLC acquired a new position in shares of Stifel Financial during the 2nd quarter worth about $1,543,000. Blue Trust Inc. lifted its position in shares of Stifel Financial by 268.6% in the second quarter. Blue Trust Inc. now owns 8,798 shares of the financial services provider’s stock valued at $688,000 after acquiring an additional 6,411 shares in the last quarter. Curi RMB Capital LLC boosted its stake in shares of Stifel Financial by 15.7% in the third quarter. Curi RMB Capital LLC now owns 69,301 shares of the financial services provider’s stock worth $6,507,000 after acquiring an additional 9,396 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of Stifel Financial by 19.7% during the second quarter. Thrivent Financial for Lutherans now owns 51,603 shares of the financial services provider’s stock worth $4,342,000 after purchasing an additional 8,496 shares in the last quarter. Finally, Larson Financial Group LLC raised its stake in Stifel Financial by 4,308.9% in the 3rd quarter. Larson Financial Group LLC now owns 5,423 shares of the financial services provider’s stock valued at $509,000 after purchasing an additional 5,300 shares during the last quarter. 82.01% of the stock is owned by institutional investors and hedge funds.

Stifel Financial Stock Performance

Shares of SF stock opened at $111.52 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. The firm has a market cap of $11.41 billion, a P/E ratio of 20.17 and a beta of 1.08. The firm’s 50 day moving average price is $108.23 and its 200-day moving average price is $92.64. Stifel Financial Corp. has a one year low of $64.58 and a one year high of $119.12.

Stifel Financial (NYSE:SF) last released its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 EPS for the quarter, missing the consensus estimate of $1.60 by ($0.10). Stifel Financial had a return on equity of 14.92% and a net margin of 12.98%. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the business earned $0.60 earnings per share. The company’s quarterly revenue was up 17.2% on a year-over-year basis. As a group, equities research analysts predict that Stifel Financial Corp. will post 6.44 EPS for the current year.

Stifel Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Monday, December 2nd. Stifel Financial’s payout ratio is 30.38%.

Insider Buying and Selling

In other Stifel Financial news, COO David D. Sliney sold 25,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $116.18, for a total transaction of $2,904,500.00. Following the sale, the chief operating officer now owns 159,619 shares in the company, valued at $18,544,535.42. This represents a 13.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.57% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. TD Cowen lifted their target price on shares of Stifel Financial from $100.00 to $105.00 and gave the stock a “hold” rating in a research note on Thursday, October 24th. The Goldman Sachs Group upped their price objective on shares of Stifel Financial from $85.00 to $94.00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. Citigroup increased their price objective on shares of Stifel Financial from $90.00 to $102.00 and gave the company a “neutral” rating in a report on Friday, September 27th. StockNews.com cut Stifel Financial from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. started coverage on Stifel Financial in a report on Tuesday. They issued a “neutral” rating and a $120.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $105.57.

Stifel Financial Company Profile

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 and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.