New York State Teachers Retirement System Sells 3,531 Shares of Stifel Financial Corporation (NYSE:SF)

New York State Teachers Retirement System lessened its stake in Stifel Financial Corporation (NYSE:SF - Free Report) by 2.5% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 136,245 shares of the financial services provider's stock after selling 3,531 shares during the quarter. New York State Teachers Retirement System owned approximately 0.13% of Stifel Financial worth $12,842,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SF. Norges Bank bought a new stake in Stifel Financial in the 4th quarter valued at $137,448,000. FMR LLC increased its holdings in shares of Stifel Financial by 8.5% in the fourth quarter. FMR LLC now owns 8,628,832 shares of the financial services provider's stock worth $915,346,000 after purchasing an additional 672,420 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Stifel Financial by 32.2% in the fourth quarter. Wellington Management Group LLP now owns 2,588,964 shares of the financial services provider's stock worth $274,637,000 after buying an additional 630,255 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Stifel Financial by 47,124.2% in the first quarter. GAMMA Investing LLC now owns 425,018 shares of the financial services provider's stock worth $40,062,000 after buying an additional 424,118 shares in the last quarter. Finally, Walleye Capital LLC boosted its stake in Stifel Financial by 477.9% during the fourth quarter. Walleye Capital LLC now owns 238,945 shares of the financial services provider's stock valued at $25,347,000 after buying an additional 197,598 shares during the last quarter. Institutional investors own 82.01% of the company's stock.

Analyst Ratings Changes

SF has been the subject of a number of recent research reports. Citigroup cut their target price on shares of Stifel Financial from $125.00 to $105.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. Wolfe Research raised shares of Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 price objective for the company in a research note on Thursday, April 24th. JPMorgan Chase & Co. decreased their target price on shares of Stifel Financial from $123.00 to $100.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Wall Street Zen raised shares of Stifel Financial from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Finally, The Goldman Sachs Group reduced their price objective on Stifel Financial from $121.00 to $105.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Stifel Financial presently has an average rating of "Hold" and a consensus price target of $105.50.

Insider Activity at Stifel Financial

In related news, Director Michael J. Zimmerman sold 10,000 shares of Stifel Financial stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $96.69, for a total transaction of $966,900.00. Following the completion of the sale, the director owned 45,833 shares in the company, valued at $4,431,592.77. This trade represents a 17.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 3.28% of the company's stock.

Stifel Financial Trading Up 1.7%

Shares of NYSE:SF traded up $1.85 during trading hours on Friday, hitting $109.20. 466,965 shares of the company's stock traded hands, compared to its average volume of 685,576. The firm has a market capitalization of $11.22 billion, a P/E ratio of 20.88 and a beta of 1.09. The business has a fifty day moving average price of $95.75 and a 200-day moving average price of $99.44. Stifel Financial Corporation has a 1 year low of $73.27 and a 1 year high of $120.64. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.81 and a quick ratio of 0.77.

Stifel Financial (NYSE:SF - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.64 by ($1.15). The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.32 billion. Stifel Financial had a return on equity of 13.88% and a net margin of 12.26%. Stifel Financial's revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.49 earnings per share. Equities analysts expect that Stifel Financial Corporation will post 8.26 earnings per share for the current year.

Stifel Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend was Monday, June 2nd. Stifel Financial's dividend payout ratio is currently 35.18%.

Stifel Financial Profile

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.