Strs Ohio Invests $7.29 Million in Stifel Financial Corporation $SF

Key Points

• Strs Ohio has invested approximately $7.29 million in Stifel Financial Corporation by acquiring 77,325 shares, representing about 0.08% of the company.
• Various hedge funds have also increased their holdings in Stifel Financial, with notable increases including Allworth Financial LP raising its stake by 67.7% in the first quarter.
• Stifel Financial recently announced a quarterly dividend of $0.46 per share, reflecting a 1.6% yield and indicating a payout ratio of 35.66%.

Strs Ohio purchased a new stake in shares of Stifel Financial Corporation (NYSE:SF - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 77,325 shares of the financial services provider's stock, valued at approximately $7,289,000. Strs Ohio owned approximately 0.08% of Stifel Financial at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Acadian Asset Management LLC lifted its holdings in shares of Stifel Financial by 365.6% in the first quarter. Acadian Asset Management LLC now owns 65,728 shares of the financial services provider's stock worth $6,193,000 after buying an additional 51,610 shares in the last quarter. Focus Partners Wealth lifted its holdings in shares of Stifel Financial by 17.5% in the first quarter. Focus Partners Wealth now owns 26,144 shares of the financial services provider's stock worth $2,464,000 after buying an additional 3,887 shares in the last quarter. Zurich Insurance Group Ltd FI purchased a new position in shares of Stifel Financial in the first quarter worth $1,386,000. United Services Automobile Association purchased a new position in shares of Stifel Financial in the first quarter worth $628,000. Finally, Caxton Associates LLP purchased a new position in shares of Stifel Financial in the first quarter worth $452,000. Hedge funds and other institutional investors own 82.01% of the company's stock.

Stifel Financial Trading Down 0.6%

SF stock traded down $0.68 during mid-day trading on Friday, reaching $114.89. 2,585,811 shares of the stock traded hands, compared to its average volume of 631,954. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 0.82. Stifel Financial Corporation has a one year low of $73.27 and a one year high of $120.64. The stock has a market capitalization of $11.74 billion, a PE ratio of 22.26 and a beta of 1.13. The business has a 50-day moving average price of $112.86 and a two-hundred day moving average price of $100.74.

Stifel Financial (NYSE:SF - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $1.71 earnings per share for the quarter, beating analysts' consensus estimates of $1.65 by $0.06. The business had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.25 billion. Stifel Financial had a net margin of 11.90% and a return on equity of 13.93%. The business's revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.60 earnings per share. Equities research analysts expect that Stifel Financial Corporation will post 8.26 EPS for the current year.

Stifel Financial Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on SF shares. Zacks Research downgraded shares of Stifel Financial from a "strong-buy" rating to a "hold" rating in a report on Monday, September 8th. Wall Street Zen raised shares of Stifel Financial from a "sell" rating to a "hold" rating in a report on Sunday, August 3rd. Citigroup raised shares of Stifel Financial from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $115.00 to $135.00 in a report on Thursday, July 31st. Wells Fargo & Company upped their price target on shares of Stifel Financial from $102.00 to $125.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. Finally, JMP Securities upped their price target on shares of Stifel Financial from $120.00 to $130.00 and gave the company a "market outperform" rating in a research note on Monday, July 14th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $115.78.

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.