Stifel Financial Corporation (NYSE:SF) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its position in shares of Stifel Financial Corporation (NYSE:SF - Free Report) by 125.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 78,915 shares of the financial services provider's stock after purchasing an additional 43,925 shares during the quarter. Teacher Retirement System of Texas owned 0.08% of Stifel Financial worth $7,439,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. FMR LLC increased its stake in Stifel Financial by 8.5% during the 4th quarter. FMR LLC now owns 8,628,832 shares of the financial services provider's stock worth $915,346,000 after buying an additional 672,420 shares in the last quarter. Wellington Management Group LLP lifted its stake in Stifel Financial by 32.2% during the fourth 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 in the last quarter. Norges Bank acquired a new position in Stifel Financial during the fourth quarter worth $137,448,000. Invesco Ltd. lifted its stake in Stifel Financial by 18.2% during the fourth quarter. Invesco Ltd. now owns 1,207,465 shares of the financial services provider's stock worth $128,088,000 after purchasing an additional 186,352 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Stifel Financial by 14.8% in the fourth quarter. Northern Trust Corp now owns 1,128,978 shares of the financial services provider's stock valued at $119,762,000 after acquiring an additional 145,902 shares in the last quarter. Hedge funds and other institutional investors own 82.01% of the company's stock.

Insiders Place Their Bets

In other Stifel Financial news, Director Michael J. Zimmerman sold 10,000 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $96.69, for a total value of $966,900.00. Following the transaction, the director owned 45,833 shares in the company, valued at $4,431,592.77. The trade was a 17.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 3.28% of the company's stock.

Stifel Financial Stock Up 1.1%

Stifel Financial stock traded up $1.14 during trading on Wednesday, reaching $108.59. 1,084,857 shares of the company's stock were exchanged, compared to its average volume of 689,810. The company's 50-day moving average is $97.54 and its two-hundred day moving average is $99.55. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 0.81. Stifel Financial Corporation has a 52-week low of $73.27 and a 52-week high of $120.64. The firm has a market cap of $11.16 billion, a price-to-earnings ratio of 20.76 and a beta of 1.09.

Stifel Financial (NYSE:SF - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.49 earnings per share for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $1.32 billion. During the same period last year, the company posted $1.49 earnings per share. The firm's revenue for the quarter was up 7.9% on a year-over-year basis. On average, analysts predict that Stifel Financial Corporation will post 8.26 earnings per share for the current year.

Stifel Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $0.46 per share. The ex-dividend date was Monday, June 2nd. This represents a $1.84 dividend on an annualized basis and a yield of 1.69%. Stifel Financial's dividend payout ratio (DPR) is 35.18%.

Analysts Set New Price Targets

A number of research firms have weighed in on SF. Citigroup raised their price target on Stifel Financial from $94.00 to $115.00 and gave the company a "neutral" rating in a research note on Monday. Wolfe Research raised Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 price target on the stock in a report on Thursday, April 24th. The Goldman Sachs Group cut their price objective on Stifel Financial from $121.00 to $105.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Wells Fargo & Company cut their price objective on Stifel Financial from $106.00 to $102.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Finally, JMP Securities lowered their price objective on shares of Stifel Financial from $135.00 to $120.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $106.75.

Stifel Financial Company 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.