Stifel Financial Corp. (NYSE:SF) Shares Acquired by Retirement Systems of Alabama

Retirement Systems of Alabama increased its holdings in Stifel Financial Corp. (NYSE:SF - Free Report) by 4.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 298,131 shares of the financial services provider's stock after acquiring an additional 13,728 shares during the period. Retirement Systems of Alabama owned about 0.29% of Stifel Financial worth $20,616,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. FinTrust Capital Advisors LLC purchased a new position in Stifel Financial in the third quarter valued at approximately $30,000. First Horizon Advisors Inc. lifted its stake in Stifel Financial by 97.5% in the third quarter. First Horizon Advisors Inc. now owns 640 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 316 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in Stifel Financial by 39.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 730 shares of the financial services provider's stock valued at $45,000 after purchasing an additional 206 shares during the last quarter. Bruce G. Allen Investments LLC purchased a new position in Stifel Financial in the fourth quarter valued at approximately $53,000. Finally, Signaturefd LLC lifted its stake in Stifel Financial by 29.4% in the fourth quarter. Signaturefd LLC now owns 1,030 shares of the financial services provider's stock valued at $71,000 after purchasing an additional 234 shares during the last quarter. 82.01% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, SVP Thomas B. Michaud sold 25,421 shares of the firm's stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $74.26, for a total value of $1,887,763.46. Following the sale, the senior vice president now directly owns 90,055 shares of the company's stock, valued at $6,687,484.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Thomas B. Michaud sold 25,421 shares of Stifel Financial stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $74.26, for a total transaction of $1,887,763.46. Following the completion of the transaction, the senior vice president now directly owns 90,055 shares in the company, valued at $6,687,484.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Victor Nesi sold 36,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $75.37, for a total transaction of $2,713,320.00. Following the sale, the insider now directly owns 54,732 shares of the company's stock, valued at approximately $4,125,150.84. The disclosure for this sale can be found here. 3.52% of the stock is owned by insiders.

Stifel Financial Trading Down 1.1 %

Shares of NYSE:SF traded down $0.87 on Tuesday, reaching $79.92. 776,521 shares of the company traded hands, compared to its average volume of 557,976. The business's 50-day simple moving average is $76.07 and its 200 day simple moving average is $69.65. Stifel Financial Corp. has a 52 week low of $54.81 and a 52 week high of $80.86. The stock has a market capitalization of $8.22 billion, a P/E ratio of 18.16 and a beta of 1.18. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 0.35.

Stifel Financial (NYSE:SF - Get Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $1.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.62 by ($0.13). Stifel Financial had a net margin of 11.34% and a return on equity of 12.39%. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the business posted $1.40 earnings per share. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. As a group, equities analysts anticipate that Stifel Financial Corp. will post 7.04 EPS for the current fiscal year.

Stifel Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.42 dividend. The ex-dividend date was Thursday, February 29th. This is a boost from Stifel Financial's previous quarterly dividend of $0.36. This represents a $1.68 annualized dividend and a dividend yield of 2.10%. Stifel Financial's dividend payout ratio (DPR) is presently 38.18%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on SF shares. JMP Securities reiterated a "market outperform" rating and issued a $88.00 price objective on shares of Stifel Financial in a research note on Tuesday, April 9th. UBS Group increased their target price on Stifel Financial from $74.00 to $78.00 and gave the stock a "neutral" rating in a research report on Monday, January 29th. Citigroup increased their target price on Stifel Financial from $74.00 to $80.00 and gave the stock a "neutral" rating in a research report on Thursday, April 11th. TD Cowen increased their target price on Stifel Financial from $86.50 to $92.00 and gave the stock an "outperform" rating in a research report on Friday, March 22nd. Finally, StockNews.com upgraded Stifel Financial from a "buy" rating to a "strong-buy" rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Stifel Financial has a consensus rating of "Moderate Buy" and a consensus target price of $84.50.

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.