State Board of Administration of Florida Retirement System Grows Position in Stifel Financial Corporation $SF

State Board of Administration of Florida Retirement System boosted its holdings in shares of Stifel Financial Corporation (NYSE:SF) by 1.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,895 shares of the financial services provider’s stock after acquiring an additional 1,590 shares during the period. State Board of Administration of Florida Retirement System owned about 0.13% of Stifel Financial worth $13,377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Stifel Financial by 2.1% during the first quarter. Vanguard Group Inc. now owns 10,620,407 shares of the financial services provider’s stock valued at $1,001,080,000 after purchasing an additional 217,415 shares in the last quarter. Boston Partners lifted its holdings in Stifel Financial by 2,727.0% during the second quarter. Boston Partners now owns 2,326,249 shares of the financial services provider’s stock worth $241,468,000 after buying an additional 2,243,961 shares during the period. Geode Capital Management LLC boosted its position in Stifel Financial by 0.5% during the 2nd quarter. Geode Capital Management LLC now owns 1,797,528 shares of the financial services provider’s stock valued at $186,578,000 after acquiring an additional 9,188 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Stifel Financial by 314.1% in the 1st quarter. AQR Capital Management LLC now owns 1,383,836 shares of the financial services provider’s stock valued at $126,925,000 after acquiring an additional 1,049,665 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of Stifel Financial by 0.3% in the 1st quarter. Invesco Ltd. now owns 1,211,580 shares of the financial services provider’s stock valued at $114,204,000 after acquiring an additional 4,115 shares during the period. Institutional investors own 82.01% of the company’s stock.

Stifel Financial Stock Down 0.7%

Shares of SF opened at $121.17 on Tuesday. The company has a market capitalization of $12.34 billion, a price-to-earnings ratio of 21.41 and a beta of 1.19. Stifel Financial Corporation has a 52 week low of $73.27 and a 52 week high of $125.73. The stock’s 50-day moving average price is $116.18 and its 200-day moving average price is $110.15. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 0.28.

Stifel Financial (NYSE:SF) last announced its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.06. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.33 billion. Stifel Financial had a return on equity of 15.06% and a net margin of 12.44%.Stifel Financial’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.50 earnings per share. On average, sell-side analysts predict that Stifel Financial Corporation will post 8.26 EPS for the current year.

Stifel Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $1.84 dividend on an annualized basis and a yield of 1.5%. Stifel Financial’s dividend payout ratio is 32.51%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on SF shares. TD Cowen raised Stifel Financial from a “hold” rating to a “buy” rating and raised their price objective for the company from $118.00 to $131.00 in a research report on Wednesday, October 8th. Zacks Research lowered shares of Stifel Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. JPMorgan Chase & Co. lifted their price objective on shares of Stifel Financial from $125.00 to $133.00 and gave the stock a “neutral” rating in a research report on Thursday, October 23rd. Cowen raised shares of Stifel Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, October 8th. Finally, BMO Capital Markets started coverage on shares of Stifel Financial in a report on Friday, October 3rd. They issued a “market perform” rating and a $121.00 price target on the stock. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Stifel Financial has a consensus rating of “Moderate Buy” and an average price target of $125.90.

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