Public Employees Retirement System of Ohio Makes New Investment in Stifel Financial Corporation $SF

Public Employees Retirement System of Ohio bought a new position in shares of Stifel Financial Corporation (NYSE:SF) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 49,540 shares of the financial services provider’s stock, valued at approximately $3,456,000.

A number of other institutional investors also recently modified their holdings of the business. Fifth Third Bancorp increased its holdings in shares of Stifel Financial by 430.4% during the first 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. 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 during the period. BlackRock Inc. acquired a new stake in Stifel Financial during the second quarter worth approximately $1,031,197,000. Castleark Management LLC acquired a new stake in Stifel Financial during the second quarter worth approximately $6,852,000. Finally, Royal Bank of Canada increased its stake in Stifel Financial by 43.0% during the 1st quarter. Royal Bank of Canada now owns 143,081 shares of the financial services provider’s stock worth $10,578,000 after acquiring an additional 43,036 shares during the period. Institutional investors own 82.01% of the company’s stock.

Insider Activity at Stifel Financial

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

Stifel Financial Stock Down 0.8%

Shares of NYSE:SF opened at $81.62 on Friday. The company has a fifty day moving average of $79.75 and a 200-day moving average of $76.27. The company has a market capitalization of $12.32 billion, a PE ratio of 14.61 and a beta of 0.98. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.83 and a current ratio of 0.88. Stifel Financial Corporation has a 52-week low of $67.81 and a 52-week 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 company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.42 billion. Stifel Financial had a return on equity of 19.22% and a net margin of 16.11%.Stifel Financial’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter last year, the business posted $1.71 EPS. On average, equities analysts predict that Stifel Financial Corporation will post 6.36 EPS for the current fiscal year.

Stifel Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 1st. Stifel Financial’s dividend payout ratio (DPR) is presently 24.33%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on SF shares. JPMorgan Chase & Co. upped their target price on Stifel Financial from $80.00 to $86.00 and gave the company a “neutral” rating in a research report on Thursday, July 23rd. UBS Group set a $90.00 price target on Stifel Financial in a research report on Thursday, July 23rd. Wall Street Zen downgraded Stifel Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stifel Financial in a research report on Wednesday, August 26th. Finally, Zacks Research raised shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Stifel Financial presently has a consensus rating of “Moderate Buy” and an average target price of $91.90.

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.