Stifel Financial Corp (SF) Stake Decreased by Teachers Retirement System of The State of Kentucky
Teachers Retirement System of The State of Kentucky cut its stake in shares of Stifel Financial Corp (NYSE:SF) by 12.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,186 shares of the financial services provider’s stock after selling 1,800 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Stifel Financial were worth $676,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of SF. BlackRock Inc. grew its stake in shares of Stifel Financial by 5.6% during the 2nd quarter. BlackRock Inc. now owns 8,022,149 shares of the financial services provider’s stock worth $419,156,000 after purchasing an additional 426,072 shares during the period. Maltese Capital Management LLC acquired a new position in shares of Stifel Financial during the 2nd quarter worth $7,315,000. Northern Trust Corp grew its stake in shares of Stifel Financial by 6.4% during the 2nd quarter. Northern Trust Corp now owns 1,631,620 shares of the financial services provider’s stock worth $85,252,000 after purchasing an additional 98,834 shares during the period. Macquarie Group Ltd. grew its stake in shares of Stifel Financial by 4.2% during the 2nd quarter. Macquarie Group Ltd. now owns 2,437,842 shares of the financial services provider’s stock worth $127,377,000 after purchasing an additional 98,692 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its stake in Stifel Financial by 14.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 500,350 shares of the financial services provider’s stock valued at $26,144,000 after acquiring an additional 63,137 shares during the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.
SF has been the topic of a number of research reports. Zacks Investment Research raised shares of Stifel Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, November 21st. Wolfe Research initiated coverage on shares of Stifel Financial in a research note on Tuesday, September 25th. They issued a “market perform” rating and a $63.00 price objective on the stock. Goldman Sachs Group initiated coverage on shares of Stifel Financial in a research note on Tuesday, November 27th. They issued a “neutral” rating and a $56.00 price objective on the stock. Wells Fargo & Co lowered their price objective on shares of Stifel Financial from $61.00 to $49.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 31st. Finally, JMP Securities raised shares of Stifel Financial from a “market perform” rating to an “outperform” rating in a research note on Wednesday, October 3rd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $62.00.
Stifel Financial (NYSE:SF) last issued its quarterly earnings data on Tuesday, October 30th. The financial services provider reported $1.35 EPS for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.01. The firm had revenue of $738.34 million for the quarter, compared to analysts’ expectations of $764.90 million. Stifel Financial had a net margin of 9.16% and a return on equity of 14.99%. The firm’s revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.89 EPS. As a group, equities research analysts expect that Stifel Financial Corp will post 5.2 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be issued a $0.12 dividend. The ex-dividend date is Friday, November 30th. This represents a $0.48 dividend on an annualized basis and a yield of 1.04%. Stifel Financial’s dividend payout ratio (DPR) is 12.03%.
In other Stifel Financial news, Director Frederick O. Hanser sold 10,000 shares of the company’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $54.42, for a total value of $544,200.00. Following the transaction, the director now directly owns 40,905 shares in the company, valued at approximately $2,226,050.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Michael J. Zimmerman bought 5,000 shares of Stifel Financial stock in a transaction on Wednesday, November 7th. The stock was purchased at an average price of $48.39 per share, for a total transaction of $241,950.00. Following the completion of the acquisition, the director now owns 10,694 shares in the company, valued at approximately $517,482.66. The disclosure for this purchase can be found here. 3.86% of the stock is currently owned by corporate insiders.
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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, and rest of Europe. The company operates through three segments: Global Wealth Management, Institutional Group, and Other.
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