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Strs Ohio reduces stake in Stifel Financial Corp. (NYSE:SF)


Strs Ohio has sold its interest in shares of Stifel Financial Corp. (NYSE:SF – Free Report) fell 15.5% in the fourth quarter, Holdings Channel reports. The fund owned 78,948 shares of the financial services provider, after selling 14,447 shares during the period. Strs Ohio’s stake in Stifel Financial was worth $5,459,000 at the time of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Integrated Investment Consultants LLC increased its position in shares of Stifel Financial by 3.2% in the third quarter. Integrated Investment Consultants LLC now owns 6,124 shares of the financial services provider’s stock valued at $376,000 after purchasing an additional 188 shares in the last quarter. Blue Trust Inc. increased its position in Stifel Financial shares by 9.9% in the fourth quarter. Blue Trust Inc. now owns 2,125 shares of the financial services company, valued at $147,000, after purchasing an additional 192 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in shares of Stifel Financial by 39.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 730 shares of the financial services company, worth $45,000, after purchasing an additional 206 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Stifel Financial shares by 0.6% in the second quarter. Price T Rowe Associates Inc. MD now owns 34,800 shares of the financial services provider’s stock worth $1,949,000 after acquiring an additional 207 shares in the last quarter. Finally, Smith raised Moore & CO. its stake in Stifel Financial shares rose 2.2% in the first quarter. Smith Moore & CO. now owns 10,796 shares of the financial services company worth $638,000, after acquiring an additional 228 shares in the last quarter. 82.01% of the shares are currently owned by hedge funds and other institutional investors.

Stifel financial stock performance

NYSE SF opened at $74.89 on Friday. The stock’s fifty-day moving average is $75.79 and its two-hundred-day moving average is $68.60. The company has a market cap of $7.70 billion, a price-to-earnings ratio of 17.50 and a beta of 1.18. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.79 and a current ratio of 0.82. Stifel Financial Corp. has a fifty-two week low of $54.81 and a fifty-two week high of $78.33.

Stifel Financial (NYSE:SF – Get Free Report) last released its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.19. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.09 billion. Stifel Financial had a return on equity of 12.32% and a net margin of 11.60%. The company’s revenue for the quarter increased 2.5% compared to the same quarter last year. In the same quarter of the previous year, the company posted earnings per share of $1.58. On average, research analysts expect Stifel Financial Corp. will post earnings per share of 7.04 for the current year.

Stifel Financial increases dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15. Shareholders of record on Friday, March 1st received a $0.42 dividend. The ex-dividend date was Thursday, February 29. This represents a dividend of $1.68 annually and a yield of 2.24%. This is an increase from Stifel Financial’s previous quarterly dividend of $0.36. Stifel Financial’s payout ratio currently stands at 39.25%.

Wall Street analysts predict growth

A number of analysts have recently released reports on SF stock. JMP Securities reaffirmed a “market outperform” rating and issued an $88.00 price target on shares of Stifel Financial in a research note on Tuesday, April 9. UBS Group raised their price target on Stifel Financial from $74.00 to $78.00 and gave the stock a “neutral” rating in a research note on Monday, January 29. Citigroup raised their price target on Stifel Financial from $74.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11. StockNews.com raised Stifel Financial from a “hold” rating to a “buy” rating in a research note on Thursday, January 25th. Finally, TD Cowen raised their price target on Stifel Financial from $86.50 to $92.00 and gave the stock an “outperform” rating in a research note on Friday, March 22. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $84.50.

Check out our latest report on Stifel Financial

Buying and selling with insider information at Stifel Financial

In other Stifel Financial news, SVP Thomas B. Michaud sold 25,421 shares of Stifel Financial stock in a transaction on Monday, March 11. The stock sold at an average price of $74.26, for a total value of $1,887,763.46. Following the sale, the senior vice president now owns 90,055 shares of the company’s stock, valued at $6,687,484.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission and available through the SEC’s website. In other Stifel Financial news, SVP Thomas B. Michaud sold 25,421 shares of Stifel Financial stock in a transaction on Monday, March 11. The stock sold at an average price of $74.26, for a total value of $1,887,763.46. Following the sale, the senior vice president now owns 90,055 shares of the company’s stock, valued at $6,687,484.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission and available through the SEC’s website. Insider Victor Nesi also sold 36,000 shares of Stifel Financial in a transaction on Wednesday, February 21. The shares sold at an average price of $75.37, for a total value of $2,713,320.00. Following the completion of the sale, the insider now owns 54,732 shares in the company, valued at approximately $4,125,150.84. The explanation of this sale can be found here. Company insiders own 3.52% of the company’s shares.

About Stifel Financial

(Free report)

Stifel Financial Corp., a financial services and banking holding company, provides retail and institutional asset 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.

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Would you like to see which other hedge funds hold SF? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Stifel Financial Corp. (NYSE:SF – Free Report).

Quarterly Institutional Ownership for Stifel Financial (NYSE:SF)



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