Strs Ohio Sells 20,076 Shares of Stifel Financial Corporation $SF

Strs Ohio trimmed its holdings in Stifel Financial Corporation (NYSE:SF) by 25.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,389 shares of the financial services provider’s stock after selling 20,076 shares during the quarter. Strs Ohio’s holdings in Stifel Financial were worth $6,512,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of SF. Securian Asset Management Inc. grew its holdings in Stifel Financial by 1.3% in the second quarter. Securian Asset Management Inc. now owns 7,837 shares of the financial services provider’s stock worth $813,000 after purchasing an additional 100 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of Stifel Financial by 2.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,085 shares of the financial services provider’s stock worth $424,000 after purchasing an additional 108 shares in the last quarter. Sage Mountain Advisors LLC grew its stake in shares of Stifel Financial by 5.5% in the 3rd quarter. Sage Mountain Advisors LLC now owns 2,694 shares of the financial services provider’s stock worth $306,000 after buying an additional 141 shares during the last quarter. Allworth Financial LP increased its position in Stifel Financial by 43.6% during the 2nd quarter. Allworth Financial LP now owns 484 shares of the financial services provider’s stock valued at $50,000 after buying an additional 147 shares in the last quarter. Finally, NewEdge Advisors LLC increased its position in Stifel Financial by 5.8% during the 1st quarter. NewEdge Advisors LLC now owns 2,673 shares of the financial services provider’s stock valued at $252,000 after buying an additional 147 shares in the last quarter. 82.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on SF. Stifel Nicolaus set a $138.00 target price on Stifel Financial in a report on Wednesday, January 14th. Citigroup reiterated an “outperform” rating on shares of Stifel Financial in a research note on Monday, January 12th. JMP Securities raised their price objective on shares of Stifel Financial from $130.00 to $135.00 and gave the company a “market outperform” rating in a research note on Thursday, October 9th. Citizens Jmp lifted their target price on shares of Stifel Financial from $140.00 to $155.00 and gave the stock a “market outperform” rating in a report on Monday, January 12th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Stifel Financial in a report on Wednesday, January 21st. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Stifel Financial has a consensus rating of “Moderate Buy” and a consensus price target of $135.18.

Stifel Financial Price Performance

NYSE SF opened at $128.76 on Tuesday. Stifel Financial Corporation has a one year low of $73.27 and a one year high of $134.74. The stock has a 50-day moving average of $126.41 and a 200 day moving average of $118.33. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.79 and a current ratio of 0.84. The company has a market capitalization of $13.11 billion, a price-to-earnings ratio of 22.75 and a beta of 1.13.

Stifel Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, December 1st. Stifel Financial’s payout ratio is presently 32.51%.

About Stifel Financial

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full‐service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research‐driven insights.

The firm’s main business activities are organized into two core segments: Private Client Group and Institutional Group.