New York State Teachers Retirement System Has $12.13 Million Stake in Stifel Financial Corp. (NYSE:SF)

New York State Teachers Retirement System trimmed its stake in Stifel Financial Corp. (NYSE:SF) by 8.7% in the second quarter, HoldingsChannel.com reports. The firm owned 144,176 shares of the financial services provider’s stock after selling 13,784 shares during the period. New York State Teachers Retirement System’s holdings in Stifel Financial were worth $12,132,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Steward Partners Investment Advisory LLC boosted its position in Stifel Financial by 0.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 22,537 shares of the financial services provider’s stock valued at $1,558,000 after acquiring an additional 141 shares during the last quarter. Boston Partners boosted its position in Stifel Financial by 0.5% during the fourth quarter. Boston Partners now owns 37,765 shares of the financial services provider’s stock valued at $2,611,000 after acquiring an additional 199 shares during the last quarter. Signaturefd LLC boosted its position in Stifel Financial by 29.4% during the fourth quarter. Signaturefd LLC now owns 1,030 shares of the financial services provider’s stock valued at $71,000 after acquiring an additional 234 shares during the last quarter. Versant Capital Management Inc boosted its position in Stifel Financial by 1,818.8% during the second quarter. Versant Capital Management Inc now owns 307 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 291 shares during the last quarter. Finally, Fulton Bank N.A. boosted its position in Stifel Financial by 7.6% during the first quarter. Fulton Bank N.A. now owns 5,175 shares of the financial services provider’s stock valued at $405,000 after acquiring an additional 366 shares during the last quarter. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on SF shares. StockNews.com cut shares of Stifel Financial from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. Wolfe Research cut shares of Stifel Financial from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 22nd. Finally, TD Cowen raised their price target on shares of Stifel Financial from $85.00 to $88.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $83.50.

Stifel Financial Stock Performance

Shares of SF stock traded up $2.62 during trading hours on Friday, hitting $87.54. 415,570 shares of the company were exchanged, compared to its average volume of 596,009. Stifel Financial Corp. has a 52-week low of $54.81 and a 52-week high of $90.00. The stock has a market capitalization of $8.97 billion, a price-to-earnings ratio of 19.89 and a beta of 1.11. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 0.38. The firm has a fifty day simple moving average of $83.24 and a 200 day simple moving average of $79.67.

Stifel Financial (NYSE:SF) last released its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.06. Stifel Financial had a net margin of 11.59% and a return on equity of 13.24%. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period in the previous year, the business earned $1.20 EPS. Stifel Financial’s revenue was up 15.9% compared to the same quarter last year. Research analysts predict that Stifel Financial Corp. will post 6.55 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be paid a $0.42 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $1.68 dividend on an annualized basis and a yield of 1.92%. Stifel Financial’s dividend payout ratio is 38.18%.

About Stifel Financial

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.