Stifel Financial Corporation $SF Shares Sold by South Dakota Investment Council

South Dakota Investment Council decreased its position in Stifel Financial Corporation (NYSE:SF) by 44.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,045 shares of the financial services provider’s stock after selling 12,652 shares during the period. South Dakota Investment Council’s holdings in Stifel Financial were worth $1,186,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fifth Third Bancorp increased its position in Stifel Financial by 430.4% during the 1st quarter. Fifth Third Bancorp now owns 73,993 shares of the financial services provider’s stock worth $5,470,000 after purchasing an additional 60,042 shares during the period. Heartland Advisors Inc. lifted its holdings in shares of Stifel Financial by 56.3% in the 1st quarter. Heartland Advisors Inc. now owns 134,153 shares of the financial services provider’s stock valued at $9,917,000 after buying an additional 48,346 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Stifel Financial by 49.9% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 38,209 shares of the financial services provider’s stock valued at $2,824,000 after buying an additional 12,727 shares in the last quarter. Horizon Investments LLC boosted its stake in shares of Stifel Financial by 146.7% in the fourth quarter. Horizon Investments LLC now owns 63,089 shares of the financial services provider’s stock valued at $7,900,000 after buying an additional 37,516 shares in the last quarter. Finally, North Reef Capital Management LP acquired a new position in Stifel Financial during the first quarter worth $4,230,000. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on SF. Weiss Ratings reiterated a “buy (b-)” rating on shares of Stifel Financial in a research report on Friday, May 29th. Wall Street Zen upgraded shares of Stifel Financial from a “hold” rating to a “buy” rating in a research report on Saturday. UBS Group set a $90.00 price target on shares of Stifel Financial in a research note on Thursday, July 23rd. Zacks Research raised shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Finally, JPMorgan Chase & Co. increased their price target on shares of Stifel Financial from $80.00 to $86.00 and gave the company a “neutral” rating in a report on Thursday, July 23rd. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $91.90.

Stifel Financial Price Performance

Shares of NYSE:SF opened at $83.08 on Friday. The firm has a market capitalization of $12.74 billion, a price-to-earnings ratio of 14.87 and a beta of 1.01. 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 business’s 50 day simple moving average is $74.37 and its 200-day simple moving average is $76.67. Stifel Financial Corporation has a 12 month low of $67.81 and a 12 month high of $89.83.

Stifel Financial (NYSE:SF) last released its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.09. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. Stifel Financial had a return on equity of 19.32% and a net margin of 16.11%.Stifel Financial’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period last year, the business posted $1.71 EPS. As a group, equities analysts forecast that Stifel Financial Corporation will post 6.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Stifel Financial news, Director Maryam S. Brown sold 4,700 shares of the company’s stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $79.20, for a total value of $372,240.00. Following the sale, the director owned 5,729 shares of the company’s stock, valued at approximately $453,736.80. This represents a 45.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.36% of the company’s stock.

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.