Stifel Financial Corp. (NYSE:SF) Shares Sold by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund lessened its holdings in Stifel Financial Corp. (NYSE:SF) by 15.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,244 shares of the financial services provider’s stock after selling 4,000 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Stifel Financial were worth $1,788,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. SageView Advisory Group LLC acquired a new stake in shares of Stifel Financial during the 1st quarter worth about $1,251,000. SG Americas Securities LLC acquired a new stake in Stifel Financial during the second quarter worth approximately $1,543,000. Quadrature Capital Ltd acquired a new position in shares of Stifel Financial in the 4th quarter valued at $649,000. Van ECK Associates Corp grew its position in shares of Stifel Financial by 36.5% in the 1st quarter. Van ECK Associates Corp now owns 35,083 shares of the financial services provider’s stock valued at $2,742,000 after buying an additional 9,384 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in Stifel Financial by 268.6% during the 2nd quarter. Blue Trust Inc. now owns 8,798 shares of the financial services provider’s stock worth $688,000 after acquiring an additional 6,411 shares in the last quarter. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. StockNews.com lowered Stifel Financial from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. Wolfe Research cut Stifel Financial from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 22nd. Finally, TD Cowen raised their target price 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. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $83.50.

Stifel Financial Stock Down 2.3 %

SF opened at $83.40 on Friday. Stifel Financial Corp. has a 52 week low of $54.81 and a 52 week high of $90.00. The business has a 50 day moving average price of $84.29 and a two-hundred day moving average price of $80.40. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 0.38. The company has a market cap of $8.55 billion, a PE ratio of 18.95 and a beta of 1.09.

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

Stifel Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Tuesday, September 3rd. Stifel Financial’s payout ratio is 38.18%.

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.