Strs Ohio Acquires 10,700 Shares of Stifel Financial Corp (NYSE:SF)

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Strs Ohio raised its holdings in shares of Stifel Financial Corp (NYSE:SF) by 127.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,100 shares of the financial services provider’s stock after acquiring an additional 10,700 shares during the period. Strs Ohio’s holdings in Stifel Financial were worth $1,128,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of SF. Norges Bank purchased a new stake in shares of Stifel Financial during the fourth quarter valued at approximately $28,388,000. Principal Financial Group Inc. boosted its stake in shares of Stifel Financial by 99.4% during the first quarter. Principal Financial Group Inc. now owns 637,881 shares of the financial services provider’s stock valued at $33,655,000 after purchasing an additional 317,905 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Stifel Financial by 6.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,902,555 shares of the financial services provider’s stock valued at $120,224,000 after purchasing an additional 187,187 shares during the period. State of Wisconsin Investment Board boosted its stake in shares of Stifel Financial by 29.7% during the first quarter. State of Wisconsin Investment Board now owns 319,000 shares of the financial services provider’s stock valued at $16,830,000 after purchasing an additional 73,000 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Stifel Financial by 10.2% during the fourth quarter. Geode Capital Management LLC now owns 772,102 shares of the financial services provider’s stock valued at $31,979,000 after purchasing an additional 71,603 shares during the period. Institutional investors and hedge funds own 86.44% of the company’s stock.

Shares of SF stock opened at $53.62 on Wednesday. The business has a fifty day simple moving average of $57.95. Stifel Financial Corp has a 52 week low of $38.39 and a 52 week high of $61.94. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 10.16, a price-to-earnings-growth ratio of 1.58 and a beta of 1.84. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.74 and a quick ratio of 0.67.

Stifel Financial (NYSE:SF) last announced its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.07. Stifel Financial had a return on equity of 14.73% and a net margin of 13.73%. The company had revenue of $800.80 million during the quarter, compared to analyst estimates of $780.94 million. During the same quarter last year, the firm posted $1.22 earnings per share. The firm’s revenue was up 7.8% on a year-over-year basis. As a group, research analysts predict that Stifel Financial Corp will post 5.68 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.12%. The ex-dividend date is Friday, August 30th. Stifel Financial’s dividend payout ratio is currently 11.36%.

A number of analysts have recently weighed in on the company. ValuEngine lowered Stifel Financial from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Compass Point began coverage on Stifel Financial in a research note on Thursday, May 30th. They issued a “buy” rating and a $65.00 price target for the company. Goldman Sachs Group raised Stifel Financial from a “neutral” rating to a “buy” rating and raised their price target for the stock from $55.00 to $70.00 in a research note on Thursday, May 9th. Finally, Zacks Investment Research lowered Stifel Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $62.67.

In other Stifel Financial news, Director John P. Dubinsky sold 2,000 shares of the firm’s stock in a transaction on Wednesday, June 19th. The stock was sold at an average price of $57.25, for a total transaction of $114,500.00. Following the completion of the transaction, the director now owns 28,956 shares of the company’s stock, valued at $1,657,731. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Victor Nesi sold 3,585 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $60.00, for a total value of $215,100.00. Following the transaction, the insider now directly owns 181,325 shares of the company’s stock, valued at approximately $10,879,500. The disclosure for this sale can be found here. Insiders have sold 7,000 shares of company stock valued at $414,670 in the last three months. Insiders own 3.77% of the company’s stock.

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, the United Kingdom, rest of Europe, and Asia. The company operates through three segments: Global Wealth Management, Institutional Group, and Other.

See Also: Commodities

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

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