Oregon Public Employees Retirement Fund Has $2.31 Million Stock Holdings in Stifel Financial Corporation $SF

Oregon Public Employees Retirement Fund boosted its position in Stifel Financial Corporation (NYSE:SF) by 53.9% during the first quarter, HoldingsChannel.com reports. The fund owned 31,316 shares of the financial services provider’s stock after buying an additional 10,964 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Stifel Financial were worth $2,315,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wellington Management Group LLP increased its stake in shares of Stifel Financial by 13.8% in the 3rd quarter. Wellington Management Group LLP now owns 3,451,787 shares of the financial services provider’s stock valued at $391,674,000 after purchasing an additional 419,038 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Stifel Financial by 94.8% during the 4th quarter. AQR Capital Management LLC now owns 2,893,850 shares of the financial services provider’s stock worth $362,368,000 after buying an additional 1,408,347 shares during the last quarter. Boston Partners boosted its stake in Stifel Financial by 2.0% in the third quarter. Boston Partners now owns 2,371,880 shares of the financial services provider’s stock valued at $269,128,000 after buying an additional 45,631 shares in the last quarter. Geode Capital Management LLC boosted its stake in Stifel Financial by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 1,844,635 shares of the financial services provider’s stock valued at $231,034,000 after buying an additional 17,008 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Stifel Financial by 6.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,725,806 shares of the financial services provider’s stock valued at $216,117,000 after acquiring an additional 99,485 shares during the last quarter. 82.01% of the stock is currently owned by institutional investors.

Stifel Financial Price Performance

SF stock traded down $0.52 during midday trading on Friday, reaching $75.22. 1,090,921 shares of the stock were exchanged, compared to its average volume of 1,359,686. The stock has a market capitalization of $11.54 billion, a PE ratio of 14.63 and a beta of 1.01. Stifel Financial Corporation has a 52 week low of $67.81 and a 52 week high of $89.83. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.85 and a quick ratio of 0.80. The company has a fifty day moving average price of $72.97 and a 200 day moving average price of $77.32.

Stifel Financial (NYSE:SF) last posted its earnings results on Wednesday, April 22nd. The financial services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $1.39 by $0.06. Stifel Financial had a return on equity of 18.76% and a net margin of 15.34%.The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period last year, the company earned $0.49 earnings per share. The business’s quarterly revenue was up 17.7% on a year-over-year basis. As a group, analysts expect that Stifel Financial Corporation will post 6.25 EPS for the current fiscal year.

Stifel Financial Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a dividend of $0.34 per share. The ex-dividend date was Monday, June 1st. This represents a $1.36 annualized dividend and a yield of 1.8%. Stifel Financial’s dividend payout ratio (DPR) is currently 26.46%.

Wall Street Analysts Forecast Growth

SF has been the subject of several research analyst reports. Zacks Research raised Stifel Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. UBS Group reaffirmed a “buy” rating and set a $86.00 price target (down from $89.00) on shares of Stifel Financial in a report on Wednesday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Stifel Financial in a research report on Friday, May 29th. Finally, TD Cowen dropped their price objective on shares of Stifel Financial from $136.00 to $92.00 and set a “hold” rating for the company in a research note on Monday, March 23rd. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $91.75.

Stifel Financial Company Profile

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.