Strs Ohio Purchases 14,779 Shares of Stifel Financial Corporation $SF

Key Points

• Strs Ohio increased its stake in Stifel Financial by 25.8%, purchasing 14,779 shares to hold 72,168 shares worth about $9.04 million (≈0.07% of the company) per its 4Q 13F filing.
• Quarterly results: Stifel reported $1.45 EPS (beating the $1.39 estimate) and $1.44 billion in revenue — revenue was up 17.7% year‑over‑year but slightly missed the $1.51 billion analyst forecast, with ROE of 18.95% and a net margin of 15.34%.
• Dividend and ownership: The company declared a quarterly dividend of $0.34 per share (annualized $1.36, ~1.8% yield; ex‑dividend June 1), and institutional investors own about 82.01% of the stock as several large funds added to their positions.

Strs Ohio grew its position in shares of Stifel Financial Corporation (NYSE:SF - Free Report) by 25.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 72,168 shares of the financial services provider's stock after purchasing an additional 14,779 shares during the quarter. Strs Ohio owned about 0.07% of Stifel Financial worth $9,037,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Ceredex Value Advisors LLC purchased a new position in Stifel Financial during the 3rd quarter worth $56,126,000. Wellington Management Group LLP raised its stake in shares of Stifel Financial by 13.8% during the 3rd quarter. Wellington Management Group LLP now owns 3,451,787 shares of the financial services provider's stock worth $391,674,000 after purchasing an additional 419,038 shares during the period. UBS Group AG raised its stake in Stifel Financial by 206.9% in the 3rd quarter. UBS Group AG now owns 563,419 shares of the financial services provider's stock valued at $63,931,000 after acquiring an additional 379,817 shares during the period. AQR Capital Management LLC raised its stake in Stifel Financial by 26.8% in the 3rd quarter. AQR Capital Management LLC now owns 1,485,503 shares of the financial services provider's stock valued at $168,560,000 after acquiring an additional 314,031 shares during the period. Finally, Qube Research & Technologies Ltd raised its stake in Stifel Financial by 130.9% in the 3rd quarter. Qube Research & Technologies Ltd now owns 315,092 shares of the financial services provider's stock valued at $35,753,000 after acquiring an additional 178,656 shares during the period. Institutional investors and hedge funds own 82.01% of the company's stock.

Stifel Financial Stock Down 0.9%

Shares of SF opened at $76.34 on Tuesday. The business's 50 day moving average is $75.25 and its 200 day moving average is $79.90. The company has a market capitalization of $11.74 billion, a PE ratio of 14.85 and a beta of 1.05. Stifel Financial Corporation has a 12-month low of $58.24 and a 12-month high of $89.83. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 0.25.

Stifel Financial (NYSE:SF - Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.06. The business had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.51 billion. Stifel Financial had a return on equity of 18.95% and a net margin of 15.34%.The firm's revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 EPS. Research analysts expect that Stifel Financial Corporation will post 6.25 earnings per share for the current fiscal year.

Stifel Financial Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 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 1.8%. The ex-dividend date of this dividend is Monday, June 1st. Stifel Financial's dividend payout ratio (DPR) is currently 26.46%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their price target on Stifel Financial from $88.67 to $90.67 and gave the company a "neutral" rating in a research report on Thursday, January 8th. Zacks Research lowered Stifel Financial from a "hold" rating to a "strong sell" rating in a research note on Tuesday, April 21st. Citigroup reiterated an "outperform" rating on shares of Stifel Financial in a research report on Monday, January 12th. Wolfe Research reiterated an "outperform" rating and issued a $99.33 price objective on shares of Stifel Financial in a research report on Wednesday, January 7th. Finally, Weiss Ratings upgraded Stifel Financial from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, March 2nd. Six analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Stifel Financial currently has an average rating of "Moderate Buy" and an average price target of $91.15.

About Stifel Financial

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.

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.