10,700 Shares in Stifel Financial Corporation $SF Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• Virginia Retirement Systems ET Al has acquired 10,700 shares of Stifel Financial Corporation, valued at approximately $1.11 million, in the second quarter.
• A number of analysts have recently rated Stifel Financial, with UBS Group and JMP Securities setting a target price of $135.00, indicating a positive outlook for the stock.
• Stifel Financial's recent earnings report showed $1.95 earnings per share, exceeding estimates, and the company has announced a quarterly dividend of $0.46 per share, with a yield of 1.6%.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Stifel Financial Corporation (NYSE:SF - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 10,700 shares of the financial services provider's stock, valued at approximately $1,110,000.

Other institutional investors have also made changes to their positions in the company. Zurich Insurance Group Ltd FI acquired a new stake in shares of Stifel Financial during the first quarter worth $1,386,000. Cambridge Investment Research Advisors Inc. acquired a new position in Stifel Financial in the first quarter valued at about $361,000. Sumitomo Mitsui Trust Group Inc. acquired a new position in Stifel Financial in the first quarter valued at about $1,648,000. GAMMA Investing LLC grew its stake in Stifel Financial by 401.0% in the first quarter. GAMMA Investing LLC now owns 4,509 shares of the financial services provider's stock valued at $425,000 after acquiring an additional 3,609 shares during the period. Finally, Stratos Wealth Partners LTD. grew its stake in Stifel Financial by 3.0% in the first quarter. Stratos Wealth Partners LTD. now owns 4,328 shares of the financial services provider's stock valued at $408,000 after acquiring an additional 127 shares during the period. 82.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SF shares. UBS Group set a $135.00 target price on Stifel Financial in a research note on Thursday, October 9th. JMP Securities boosted their target price on Stifel Financial from $130.00 to $135.00 and gave the company a "market outperform" rating in a research note on Thursday, October 9th. Weiss Ratings reissued a "hold (c+)" rating on shares of Stifel Financial in a research note on Wednesday, October 8th. Wall Street Zen raised Stifel Financial from a "sell" rating to a "hold" rating in a research note on Sunday, August 3rd. Finally, BMO Capital Markets started coverage on Stifel Financial in a research note on Friday, October 3rd. They issued a "market perform" rating and a $121.00 target price for the company. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $125.90.

Stifel Financial Stock Performance

SF opened at $116.66 on Friday. Stifel Financial Corporation has a 52-week low of $73.27 and a 52-week high of $120.64. The firm has a market capitalization of $11.92 billion, a PE ratio of 20.61 and a beta of 1.13. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 0.82. The business's 50-day simple moving average is $113.24 and its 200 day simple moving average is $103.63.

Stifel Financial (NYSE:SF - Get Free Report) last released its earnings results on Wednesday, October 22nd. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.06. Stifel Financial had a return on equity of 15.06% and a net margin of 12.44%.The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the prior year, the company posted $1.50 earnings per share. Stifel Financial's revenue was up 16.7% on a year-over-year basis. As a group, sell-side analysts expect that Stifel Financial Corporation will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.6%. The ex-dividend date was Tuesday, September 2nd. Stifel Financial's dividend payout ratio is presently 35.66%.

About Stifel Financial

Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth 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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