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

Retirement Systems of Alabama lessened its stake in Stifel Financial Corp. (NYSE:SF) by 5.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 293,703 shares of the financial services provider’s stock after selling 16,091 shares during the quarter. Retirement Systems of Alabama owned about 0.29% of Stifel Financial worth $24,715,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SF. Steward Partners Investment Advisory LLC increased its holdings in Stifel Financial by 0.6% in 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 buying an additional 141 shares during the last quarter. Boston Partners raised its position in shares of Stifel Financial by 0.5% during the 4th 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 in the last quarter. Signaturefd LLC lifted its stake in Stifel Financial by 29.4% during the fourth quarter. Signaturefd LLC now owns 1,030 shares of the financial services provider’s stock worth $71,000 after purchasing an additional 234 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Stifel Financial by 1,818.8% in the second quarter. Versant Capital Management Inc now owns 307 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 291 shares during the period. Finally, Fulton Bank N.A. increased its stake 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 purchasing an additional 366 shares during the last quarter. Institutional investors and hedge funds own 82.01% of the company’s stock.

Analyst Ratings Changes

SF has been the topic of a number of recent research reports. TD Cowen raised their price target on shares of Stifel Financial from $85.00 to $88.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. StockNews.com cut shares of Stifel Financial from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. Finally, Wolfe Research lowered Stifel Financial from an “outperform” rating to a “peer perform” rating in a report on Monday, July 22nd. Five investment 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, Stifel Financial currently has an average rating of “Hold” and an average target price of $83.50.

Stifel Financial Stock Performance

Stifel Financial stock traded up $2.62 during midday trading on Friday, reaching $87.54. 415,570 shares of the stock traded hands, compared to its average volume of 596,009. The firm has a fifty day moving average price of $83.24 and a two-hundred day moving average price of $79.67. Stifel Financial Corp. has a fifty-two week low of $54.81 and a fifty-two week high of $90.00. The firm has a market cap of $8.97 billion, a price-to-earnings ratio of 19.90 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.

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

Stifel Financial Announces Dividend

The business 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 dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date is Tuesday, September 3rd. Stifel Financial’s dividend payout ratio is currently 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.