Public Employees Retirement Association of Colorado decreased its stake in shares of Stifel Financial Corp (NYSE:SF) by 3.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 181,147 shares of the financial services provider’s stock after selling 5,600 shares during the quarter. Public Employees Retirement Association of Colorado owned approximately 0.26% of Stifel Financial worth $10,699,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of SF. Norges Bank purchased a new stake in Stifel Financial during the 4th quarter worth about $28,388,000. Principal Financial Group Inc. increased its holdings in Stifel Financial by 99.4% during the 1st quarter. Principal Financial Group Inc. now owns 637,881 shares of the financial services provider’s stock worth $33,655,000 after purchasing an additional 317,905 shares during the period. Dimensional Fund Advisors LP increased its holdings in Stifel Financial by 6.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,902,555 shares of the financial services provider’s stock worth $120,224,000 after purchasing an additional 187,187 shares during the period. AGF Investments Inc. increased its holdings in Stifel Financial by 172.0% during the 2nd quarter. AGF Investments Inc. now owns 190,414 shares of the financial services provider’s stock worth $11,246,000 after purchasing an additional 120,414 shares during the period. Finally, State of Wisconsin Investment Board increased its holdings in Stifel Financial by 29.7% during the 1st quarter. State of Wisconsin Investment Board now owns 319,000 shares of the financial services provider’s stock worth $16,830,000 after purchasing an additional 73,000 shares during the period. Institutional investors own 86.44% of the company’s stock.
In other Stifel Financial news, Director John P. Dubinsky sold 2,000 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly owns 28,956 shares of the company’s stock, valued at approximately $1,657,731. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Victor Nesi sold 1,415 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 179,910 shares of the company’s stock, valued at $10,816,189.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,000 shares of company stock valued at $414,670. Insiders own 3.77% of the company’s stock.
Stifel Financial (NYSE:SF) last announced its earnings results on Tuesday, July 30th. The financial services provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.07. The firm had revenue of $800.80 million during the quarter, compared to analysts’ expectations 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 prior year, the firm earned $1.22 EPS. Analysts forecast that Stifel Financial Corp will post 5.68 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Tuesday, September 3rd will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.17%. Stifel Financial’s dividend payout ratio (DPR) is presently 11.36%.
Several equities research analysts have weighed in on SF shares. Compass Point started coverage on Stifel Financial in a report on Thursday, May 30th. They set a “buy” rating and a $65.00 price target on the stock. Goldman Sachs Group upgraded Stifel Financial from a “neutral” rating to a “buy” rating and upped their price target for the stock from $55.00 to $70.00 in a report on Thursday, May 9th. Zacks Investment Research downgraded Stifel Financial from a “hold” rating to a “sell” rating in a report on Tuesday, August 6th. Finally, ValuEngine downgraded Stifel Financial from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. Stifel Financial presently has a consensus rating of “Hold” and an average price target of $62.67.
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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