Teachers Retirement System of The State of Kentucky Has $5.37 Million Stock Position in Stifel Financial Corp. (NYSE:SF)

Teachers Retirement System of The State of Kentucky trimmed its stake in shares of Stifel Financial Corp. (NYSE:SF) by 7.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 68,628 shares of the financial services provider’s stock after selling 5,535 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Stifel Financial were worth $5,365,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Meritage Portfolio Management boosted its holdings in shares of Stifel Financial by 48.3% in the 4th quarter. Meritage Portfolio Management now owns 6,779 shares of the financial services provider’s stock worth $469,000 after acquiring an additional 2,207 shares in the last quarter. Knights of Columbus Asset Advisors LLC lifted its holdings in Stifel Financial by 94.6% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 76,224 shares of the financial services provider’s stock worth $5,271,000 after buying an additional 37,047 shares in the last quarter. SageView Advisory Group LLC acquired a new position in Stifel Financial during the 1st quarter worth $1,251,000. Quadrature Capital Ltd acquired a new position in Stifel Financial during the 4th quarter worth $649,000. Finally, Van ECK Associates Corp lifted its holdings in Stifel Financial by 36.5% during the 1st quarter. Van ECK Associates Corp now owns 35,083 shares of the financial services provider’s stock worth $2,742,000 after buying an additional 9,384 shares in the last quarter. 82.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on SF shares. JMP Securities reaffirmed a “market outperform” rating and set a $88.00 price objective on shares of Stifel Financial in a report on Tuesday, April 9th. Citigroup upped their target price on shares of Stifel Financial from $74.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. TD Cowen upped their target price on shares of Stifel Financial from $85.00 to $88.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. StockNews.com cut shares of Stifel Financial from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Finally, Wolfe Research cut shares of Stifel Financial from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 22nd. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $83.50.

Stifel Financial Trading Down 4.9 %

Shares of SF traded down $4.18 during trading hours on Friday, reaching $81.84. The stock had a trading volume of 796,625 shares, compared to its average volume of 785,407. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 0.35. Stifel Financial Corp. has a 52 week low of $54.81 and a 52 week high of $90.00. The firm has a 50-day moving average of $82.10 and a 200 day moving average of $78.56. The company has a market cap of $8.39 billion, a P/E ratio of 18.60 and a beta of 1.11.

Stifel Financial (NYSE:SF) last released its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.06. Stifel Financial had a net margin of 11.59% and a return on equity of 13.33%. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the prior year, the company earned $1.20 EPS. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. On average, sell-side analysts expect that Stifel Financial Corp. will post 6.55 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date was Monday, June 3rd. Stifel Financial’s dividend payout ratio is currently 38.18%.

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.