Teachers Retirement System of The State of Kentucky Sells 2,711 Shares of Stifel Financial Corporation (NYSE:SF)

Teachers Retirement System of The State of Kentucky lowered its position in shares of Stifel Financial Corporation (NYSE:SF - Free Report) by 5.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,617 shares of the financial services provider's stock after selling 2,711 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Stifel Financial were worth $4,582,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. Hancock Whitney Corp grew its stake in Stifel Financial by 1.3% in the 4th quarter. Hancock Whitney Corp now owns 7,541 shares of the financial services provider's stock valued at $800,000 after buying an additional 99 shares in the last quarter. Bessemer Group Inc. grew its stake in Stifel Financial by 52.1% in the 4th quarter. Bessemer Group Inc. now owns 321 shares of the financial services provider's stock valued at $34,000 after buying an additional 110 shares in the last quarter. Stratos Wealth Partners LTD. grew its stake in Stifel Financial by 3.0% in the 1st quarter. Stratos Wealth Partners LTD. now owns 4,328 shares of the financial services provider's stock valued at $408,000 after buying an additional 127 shares in the last quarter. MML Investors Services LLC grew its stake in Stifel Financial by 0.5% in the 4th quarter. MML Investors Services LLC now owns 28,657 shares of the financial services provider's stock valued at $3,040,000 after buying an additional 136 shares in the last quarter. Finally, Allworth Financial LP grew its stake in Stifel Financial by 67.7% in the 1st quarter. Allworth Financial LP now owns 337 shares of the financial services provider's stock valued at $29,000 after buying an additional 136 shares in the last quarter. Institutional investors own 82.01% of the company's stock.

Stifel Financial Stock Performance

NYSE SF opened at $108.79 on Tuesday. Stifel Financial Corporation has a 52-week low of $73.27 and a 52-week high of $120.64. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 0.81. The company has a market capitalization of $11.18 billion, a P/E ratio of 18.90 and a beta of 1.09. The company has a fifty day moving average of $100.29 and a 200-day moving average of $99.57.

Stifel Financial (NYSE:SF - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.49 earnings per share (EPS) 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 company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the prior year, the firm posted $1.49 earnings per share. The business's revenue was up 7.9% on a year-over-year basis. As a group, equities research analysts predict that Stifel Financial Corporation will post 8.26 EPS for the current fiscal year.

Stifel Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date was Monday, June 2nd. Stifel Financial's dividend payout ratio is currently 35.18%.

Analyst Ratings Changes

A number of research firms recently weighed in on SF. Wall Street Zen upgraded shares of Stifel Financial from a "sell" rating to a "hold" rating in a research note on Sunday, July 13th. Wells Fargo & Company boosted their price target on shares of Stifel Financial from $102.00 to $125.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. Citigroup boosted their price target on shares of Stifel Financial from $94.00 to $115.00 and gave the company a "neutral" rating in a research report on Monday, July 7th. TD Cowen reduced their price target 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. Finally, The Goldman Sachs Group reduced their price target on shares of Stifel Financial from $121.00 to $105.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $110.88.

Insider Activity

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 completion of the sale, the director directly owned 45,833 shares of the company's stock, valued at $4,431,592.77. The trade was a 17.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 4.57% of the company's stock.

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.

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