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

Key Points

• Public Employees Retirement System of Ohio purchased 49,540 shares of Stifel Financial, valued at approximately $3.46 million. Institutional investors collectively own 82.01% of the company.
• Stifel reported quarterly earnings of $1.42 per share, beating estimates of $1.33, while revenue rose 13% year over year to $1.45 billion.
• The company declared a quarterly dividend of $0.34 per share, representing a $1.36 annualized payout and a 1.7% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $91.90.

Public Employees Retirement System of Ohio bought a new position in shares of Stifel Financial Corporation (NYSE:SF - Free Report) 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 - Get Free Report) 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.

Want to see what other hedge funds are holding SF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stifel Financial Corporation (NYSE:SF - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.