New Mexico Educational Retirement Board Trims Holdings in Stifel Financial Corp (NYSE:SF)

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New Mexico Educational Retirement Board trimmed its position in Stifel Financial Corp (NYSE:SF) by 13.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,400 shares of the financial services provider’s stock after selling 2,000 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Stifel Financial were worth $732,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Nisa Investment Advisors LLC raised its position in Stifel Financial by 5.3% during the first quarter. Nisa Investment Advisors LLC now owns 4,000 shares of the financial services provider’s stock valued at $211,000 after acquiring an additional 200 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in Stifel Financial by 1.3% during the first quarter. Oppenheimer Asset Management Inc. now owns 31,808 shares of the financial services provider’s stock valued at $1,679,000 after acquiring an additional 396 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in Stifel Financial by 1.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 28,889 shares of the financial services provider’s stock valued at $1,706,000 after acquiring an additional 411 shares in the last quarter. Trillium Asset Management LLC raised its position in Stifel Financial by 1.0% during the first quarter. Trillium Asset Management LLC now owns 44,439 shares of the financial services provider’s stock valued at $2,345,000 after acquiring an additional 432 shares in the last quarter. Finally, Bbva Compass Bancshares Inc. raised its position in Stifel Financial by 4.5% during the first quarter. Bbva Compass Bancshares Inc. now owns 11,357 shares of the financial services provider’s stock valued at $600,000 after acquiring an additional 484 shares in the last quarter. Hedge funds and other institutional investors own 89.11% of the company’s stock.

A number of analysts have recently commented on the company. Zacks Investment Research upgraded Stifel Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, August 21st. Compass Point assumed coverage on Stifel Financial in a research report on Thursday, May 30th. They issued a “buy” rating and a $65.00 price objective for the company. ValuEngine cut Stifel Financial from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, Goldman Sachs Group upgraded Stifel Financial from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $55.00 to $70.00 in a research report on Thursday, May 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. Stifel Financial currently has an average rating of “Buy” and a consensus target price of $62.67.

Shares of NYSE:SF traded up $0.42 during trading on Wednesday, reaching $51.61. The stock had a trading volume of 576 shares, compared to its average volume of 445,886. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 0.74. The business has a fifty day moving average price of $56.20 and a 200-day moving average price of $56.26. The stock has a market cap of $3.60 billion, a PE ratio of 9.77, a PEG ratio of 1.52 and a beta of 1.84. Stifel Financial Corp has a 1-year low of $38.39 and a 1-year high of $61.94.

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

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Friday, August 30th. Stifel Financial’s dividend payout ratio is presently 11.36%.

In other Stifel Financial news, Director John P. Dubinsky sold 2,000 shares of the business’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 transaction, the director now owns 28,956 shares of the company’s stock, valued at $1,657,731. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Victor Nesi sold 1,415 shares of the business’s stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $60.12, for a total value of $85,069.80. Following the transaction, the insider now directly owns 179,910 shares in the company, valued at approximately $10,816,189.20. The disclosure for this sale can be found here. Insiders sold 7,000 shares of company stock worth $414,670 over the last ninety days. Corporate insiders own 3.77% of the company’s stock.

Stifel Financial 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.

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

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