Teacher Retirement System of Texas Purchases 43,925 Shares of Stifel Financial Corporation (NYSE:SF)

Teacher Retirement System of Texas lifted its holdings in Stifel Financial Corporation (NYSE:SF - Free Report) by 125.5% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 78,915 shares of the financial services provider's stock after buying an additional 43,925 shares during the period. Teacher Retirement System of Texas owned approximately 0.08% of Stifel Financial worth $7,439,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of SF. Norges Bank purchased a new position in Stifel Financial in the fourth quarter valued at about $137,448,000. FMR LLC raised its holdings in shares of Stifel Financial by 8.5% in the 4th 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 period. Wellington Management Group LLP raised its holdings in shares of Stifel Financial by 32.2% in the 4th quarter. Wellington Management Group LLP now owns 2,588,964 shares of the financial services provider's stock worth $274,637,000 after purchasing an additional 630,255 shares during the period. GAMMA Investing LLC lifted its stake in 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 valued at $40,062,000 after purchasing an additional 424,118 shares during the last quarter. Finally, Walleye Capital LLC grew its holdings 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 purchasing an additional 197,598 shares during the period. 82.01% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Michael J. Zimmerman sold 10,000 shares of the firm's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $96.69, for a total transaction of $966,900.00. Following the completion of the transaction, the director directly owned 45,833 shares in the company, valued at $4,431,592.77. This trade represents a 17.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.57% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SF shares. JPMorgan Chase & Co. lowered their target price on Stifel Financial from $123.00 to $100.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. TD Cowen cut their target price on shares of Stifel Financial from $124.00 to $84.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Wall Street Zen lowered shares of Stifel Financial from a "hold" rating to a "sell" rating in a research report on Saturday. 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 report on Thursday, April 24th. Finally, Citigroup cut their price target 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. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Stifel Financial currently has a consensus rating of "Hold" and an average target price of $105.50.

Stifel Financial Stock Down 0.0%

Shares of SF stock traded down $0.04 during mid-day trading on Monday, reaching $109.17. 71,357 shares of the company's stock traded hands, compared to its average volume of 801,323. The company's 50-day moving average price is $96.22 and its 200-day moving average price is $99.41. The company has a market cap of $11.21 billion, a P/E ratio of 20.87 and a beta of 1.09. The company has a quick ratio of 0.77, a current ratio of 0.81 and a debt-to-equity ratio of 0.28. Stifel Financial Corporation has a 12 month low of $73.27 and a 12 month high of $120.64.

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

Stifel Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders 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 yield of 1.69%. The ex-dividend date was Monday, June 2nd. Stifel Financial's payout ratio is 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.