Virginia Retirement Systems ET AL acquired a new stake in Stifel Financial Corporation (NYSE:SF) during the third quarter, according to its most recent 13F filing with the SEC. The fund acquired 25,000 shares of the financial services provider’s stock, valued at approximately $1,337,000.

Other institutional investors have also recently made changes to their positions in the company. Public Employees Retirement System of Ohio grew its holdings in Stifel Financial by 5.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,379 shares of the financial services provider’s stock valued at $109,000 after buying an additional 113 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Stifel Financial by 9.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,570 shares of the financial services provider’s stock valued at $118,000 after buying an additional 212 shares in the last quarter. Pacad Investment Ltd. grew its holdings in Stifel Financial by 442.9% during the 2nd quarter. Pacad Investment Ltd. now owns 3,800 shares of the financial services provider’s stock valued at $175,000 after buying an additional 3,100 shares in the last quarter. Riverhead Capital Management LLC grew its holdings in Stifel Financial by 91.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,827 shares of the financial services provider’s stock valued at $176,000 after buying an additional 1,827 shares in the last quarter. Finally, Capital Advisors Inc. OK purchased a new position in Stifel Financial during the 2nd quarter valued at about $202,000. Institutional investors and hedge funds own 88.58% of the company’s stock.

A number of research firms have weighed in on SF. BidaskClub lowered Stifel Financial from a “buy” rating to a “hold” rating in a report on Friday, August 18th. JMP Securities reaffirmed a “neutral” rating on shares of Stifel Financial in a report on Friday, August 18th. Wells Fargo & Company raised Stifel Financial from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $56.00 to $64.00 in a report on Friday, December 1st. Nomura lifted their target price on Stifel Financial from $56.00 to $58.00 and gave the company a “neutral” rating in a report on Tuesday, October 31st. Finally, Zacks Investment Research raised Stifel Financial from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a report on Thursday, October 5th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Stifel Financial currently has an average rating of “Hold” and an average price target of $58.67.

In related news, Director James M. Oates sold 1,768 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $52.27, for a total value of $92,413.36. Following the completion of the sale, the director now owns 28,640 shares in the company, valued at approximately $1,497,012.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thomas B. Michaud sold 24,536 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $52.40, for a total value of $1,285,686.40. Following the completion of the sale, the insider now owns 60,589 shares of the company’s stock, valued at approximately $3,174,863.60. The disclosure for this sale can be found here. Insiders have sold 54,304 shares of company stock valued at $2,869,480 in the last three months. 3.60% of the stock is owned by insiders.

Shares of Stifel Financial Corporation (SF) traded down $0.08 during midday trading on Thursday, hitting $58.28. The stock had a trading volume of 307,500 shares, compared to its average volume of 422,938. Stifel Financial Corporation has a 52 week low of $41.93 and a 52 week high of $60.92. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $3,995.75, a price-to-earnings ratio of 18.18, a price-to-earnings-growth ratio of 1.41 and a beta of 1.70.

Stifel Financial (NYSE:SF) last issued its quarterly earnings data on Monday, October 30th. The financial services provider reported $0.89 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.06. Stifel Financial had a return on equity of 9.78% and a net margin of 7.61%. The company had revenue of $721.20 million during the quarter, compared to analyst estimates of $701.12 million. During the same quarter in the previous year, the firm earned $0.69 earnings per share. Stifel Financial’s revenue was up 12.3% on a year-over-year basis. analysts anticipate that Stifel Financial Corporation will post 3.45 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Thursday, November 30th. Stifel Financial’s payout ratio is 15.94%.

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Stifel Financial Profile

Stifel Financial Corp. is a financial holding company. Its principal subsidiary is Stifel, Nicolaus & Company, Incorporated, a retail and institutional wealth management and investment banking firm. It operates through three segments: Global Wealth Management, Institutional Group and Other. The Global Wealth Management segment consists of the Private Client Group and Stifel Bank businesses.

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

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