Texas Permanent School Fund reduced its stake in shares of Stifel Financial Corp. (NYSE:SF – Get Rating) by 1.7% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 74,085 shares of the financial services provider’s stock after selling 1,304 shares during the quarter. Texas Permanent School Fund’s holdings in Stifel Financial were worth $5,030,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Parkside Financial Bank & Trust boosted its holdings in shares of Stifel Financial by 0.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 20,151 shares of the financial services provider’s stock worth $1,419,000 after buying an additional 137 shares during the period. Connable Office Inc. boosted its holdings in Stifel Financial by 3.3% during the fourth quarter. Connable Office Inc. now owns 5,924 shares of the financial services provider’s stock valued at $417,000 after acquiring an additional 189 shares during the period. CENTRAL TRUST Co grew its position in shares of Stifel Financial by 49.8% in the first quarter. CENTRAL TRUST Co now owns 749 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 249 shares during the last quarter. Advisor Group Holdings Inc. increased its stake in shares of Stifel Financial by 1.6% in the fourth quarter. Advisor Group Holdings Inc. now owns 21,973 shares of the financial services provider’s stock worth $1,548,000 after purchasing an additional 337 shares during the period. Finally, Pacer Advisors Inc. lifted its position in shares of Stifel Financial by 2.4% during the 4th quarter. Pacer Advisors Inc. now owns 14,876 shares of the financial services provider’s stock worth $1,048,000 after purchasing an additional 344 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, JMP Securities dropped their price target on Stifel Financial from $103.00 to $100.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 12th.
Stifel Financial Price Performance
Stifel Financial (NYSE:SF – Get Rating) last posted its quarterly earnings data on Wednesday, July 27th. The financial services provider reported $1.40 earnings per share (EPS) for the quarter. Stifel Financial had a net margin of 16.86% and a return on equity of 19.60%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the previous year, the firm posted $1.70 EPS. The business’s revenue was down 3.9% compared to the same quarter last year.
Stifel Financial Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $1.20 annualized dividend and a yield of 1.97%. Stifel Financial’s dividend payout ratio (DPR) is 18.93%.
About Stifel Financial
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, the rest of Europe, and Canada.
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