Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $2.82 Million Stake in Stifel Financial Corporation $SF

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Stifel Financial Corporation (NYSE:SF) by 49.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 38,209 shares of the financial services provider’s stock after buying an additional 12,727 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Stifel Financial were worth $2,824,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of SF. Advisory Services Network LLC acquired a new stake in Stifel Financial in the third quarter worth $29,000. Activest Wealth Management raised its holdings in shares of Stifel Financial by 12,000.0% during the fourth quarter. Activest Wealth Management now owns 242 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 240 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in shares of Stifel Financial during the 4th quarter worth about $34,000. Cullen Frost Bankers Inc. bought a new position in shares of Stifel Financial during the 4th quarter worth about $50,000. Finally, BOKF NA grew its stake in shares of Stifel Financial by 1,626.9% in the 3rd quarter. BOKF NA now owns 449 shares of the financial services provider’s stock valued at $51,000 after buying an additional 423 shares during the period. Institutional investors own 82.01% of the company’s stock.

Stifel Financial Trading Up 3.1%

NYSE SF opened at $78.73 on Thursday. The firm has a market capitalization of $12.08 billion, a P/E ratio of 15.32 and a beta of 1.01. The business has a fifty day simple moving average of $72.87 and a 200 day simple moving average of $77.07. Stifel Financial Corporation has a 12 month low of $67.81 and a 12 month high of $89.83. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29.

Stifel Financial (NYSE:SF) last issued its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.06. Stifel Financial had a return on equity of 18.76% and a net margin of 15.34%.The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period last year, the business earned $0.49 EPS. The business’s revenue was up 17.7% on a year-over-year basis. On average, analysts predict that Stifel Financial Corporation will post 6.22 EPS for the current fiscal year.

Stifel Financial Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Monday, June 1st. Stifel Financial’s payout ratio is presently 26.46%.

Wall Street Analyst Weigh In

SF has been the subject of several research reports. TD Cowen reduced their price target on shares of Stifel Financial from $136.00 to $92.00 and set a “hold” rating for the company in a research report on Monday, March 23rd. UBS Group restated a “buy” rating and set a $86.00 price objective (down from $89.00) on shares of Stifel Financial in a report on Wednesday, July 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stifel Financial in a research note on Friday, May 29th. Finally, Zacks Research upgraded shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $91.75.

Stifel Financial Company Profile

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full‐service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research‐driven insights.

The firm’s main business activities are organized into two core segments: Private Client Group and Institutional Group.