Teachers Retirement System of The State of Kentucky Sells 5,691 Shares of Stifel Financial Corp. (NYSE:SF)

Teachers Retirement System of The State of Kentucky lessened its position in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 10.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,328 shares of the financial services provider's stock after selling 5,691 shares during the quarter. Teachers Retirement System of The State of Kentucky owned about 0.05% of Stifel Financial worth $5,445,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in SF. Mather Group LLC. lifted its holdings in shares of Stifel Financial by 14.6% during the 4th quarter. Mather Group LLC. now owns 707 shares of the financial services provider's stock valued at $75,000 after purchasing an additional 90 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Stifel Financial by 52.1% in the fourth quarter. Bessemer Group Inc. now owns 321 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 110 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Stifel Financial by 26.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 528 shares of the financial services provider's stock worth $56,000 after buying an additional 111 shares during the period. MML Investors Services LLC raised its position 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 during the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in Stifel Financial by 7.2% in the 4th quarter. Quadrant Capital Group LLC now owns 2,060 shares of the financial services provider's stock valued at $219,000 after acquiring an additional 138 shares in the last quarter. Institutional investors own 82.01% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SF shares. Wolfe Research upgraded shares of Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 target price for the company in a report on Thursday. Wells Fargo & Company reduced their price target on Stifel Financial from $106.00 to $102.00 and set an "overweight" rating for the company in a research report on Thursday. UBS Group upped their price objective on Stifel Financial from $116.00 to $120.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. StockNews.com raised shares of Stifel Financial from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. 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 research note on Wednesday, April 2nd. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $105.50.

Stifel Financial Stock Performance

Shares of NYSE SF traded down $0.03 during trading hours on Monday, reaching $85.74. 131,554 shares of the stock were exchanged, compared to its average volume of 889,001. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. The firm has a market capitalization of $8.90 billion, a price-to-earnings ratio of 13.74 and a beta of 1.00. The stock's fifty day simple moving average is $93.19 and its 200 day simple moving average is $103.98. Stifel Financial Corp. has a 52 week low of $73.27 and a 52 week high of $120.64.

Stifel Financial (NYSE:SF - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.49 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($1.12). Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the firm earned $1.49 EPS. Sell-side analysts predict that Stifel Financial Corp. will post 8.26 EPS for the current year.

Stifel Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.46 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.84 dividend on an annualized basis and a yield of 2.15%. This is an increase from Stifel Financial's previous quarterly dividend of $0.42. Stifel Financial's dividend payout ratio is currently 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.