Stifel Financial Corporation $SF Shares Bought by California State Teachers Retirement System

Key Points

• California State Teachers Retirement System increased its Stifel Financial stake by 6,765.3%, purchasing 12,011,002 additional shares to own 12.19 million shares, or 8.07% of the company. Institutional investors and hedge funds collectively own 82.01% of SF.
• Stifel Financial reported quarterly EPS of $1.42, exceeding estimates of $1.33, while revenue rose 13% year over year to $1.45 billion. The company also declared a quarterly dividend of $0.34, representing a 1.7% annualized yield.
• Analysts maintain a generally positive outlook, with five Buy ratings and four Hold ratings, an overall “Moderate Buy” consensus, and an average price target of $91.90 versus the reported share price of $79.81.

California State Teachers Retirement System increased its position in Stifel Financial Corporation (NYSE:SF - Free Report) by 6,765.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,188,540 shares of the financial services provider's stock after purchasing an additional 12,011,002 shares during the quarter. California State Teachers Retirement System owned 8.07% of Stifel Financial worth $850,394,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in SF. Advisory Services Network LLC acquired a new position in Stifel Financial in the 3rd quarter worth $29,000. Danske Bank A S acquired a new stake in shares of Stifel Financial during the second quarter valued at about $31,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Stifel Financial during the fourth quarter worth about $34,000. Keating Financial Advisory Services Inc. purchased a new stake in shares of Stifel Financial during the second quarter worth about $35,000. Finally, JTC Employer Solutions Trustee Ltd lifted its stake in shares of Stifel Financial by 49.8% in the first quarter. JTC Employer Solutions Trustee Ltd now owns 481 shares of the financial services provider's stock worth $36,000 after acquiring an additional 160 shares in the last quarter. 82.01% of the stock is owned by institutional investors and hedge funds.

Stifel Financial Trading Up 0.1%

NYSE:SF opened at $79.81 on Monday. The company has a quick ratio of 0.83, a current ratio of 0.88 and a debt-to-equity ratio of 0.33. The business's 50 day moving average is $80.68 and its two-hundred day moving average is $76.32. Stifel Financial Corporation has a 52 week low of $67.81 and a 52 week high of $89.83. The company has a market cap of $12.05 billion, a PE ratio of 14.29 and a beta of 0.98.

Stifel Financial (NYSE:SF - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 EPS for the quarter, topping the consensus estimate of $1.33 by $0.09. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.42 billion. Stifel Financial had a return on equity of 19.22% and a net margin of 16.11%.The business's revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.71 EPS. On average, analysts predict that Stifel Financial Corporation will post 6.36 EPS for the current year.

Stifel Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 1st. Stifel Financial's payout ratio is currently 24.33%.

Insider Buying and Selling

In other Stifel Financial news, Director Maryam Brown sold 4,700 shares of the business's stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $79.20, for a total transaction of $372,240.00. Following the completion of the sale, the director owned 5,729 shares in the company, valued at $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 Securities & Exchange Commission, which is available at this link. 3.36% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on SF shares. UBS Group set a $90.00 price target on Stifel Financial in a report on Thursday, July 23rd. Weiss Ratings restated a "buy (b-)" rating on shares of Stifel Financial in a report on Wednesday, August 26th. 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. Zacks Research upgraded Stifel Financial from a "strong sell" rating to a "hold" rating in a research note on Wednesday, May 20th. Finally, Wall Street Zen downgraded shares of Stifel Financial from a "buy" rating to a "hold" rating in a research report on Sunday, August 9th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Stifel Financial presently has an average rating of "Moderate Buy" and a consensus target price of $91.90.

Stifel Financial Profile

Stifel Financial Corp. is a diversified financial services company headquartered in St. Louis, Missouri. Through its principal broker-dealer, Stifel, Nicolaus & Company, Incorporated, the company provides wealth management, investment banking, institutional brokerage, securities research, sales and trading, and public finance services to individuals, corporations, municipalities and institutional investors.

Its wealth management business offers investment advisory, brokerage, banking and financial planning services through financial advisors and private client groups.

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