California State Teachers Retirement System Has $7.60 Million Holdings in Stifel Financial Corp. (NYSE:SF)

California State Teachers Retirement System cut its holdings in shares of Stifel Financial Corp. (NYSE:SFFree Report) by 5.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 109,940 shares of the financial services provider’s stock after selling 6,761 shares during the period. California State Teachers Retirement System owned 0.11% of Stifel Financial worth $7,602,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in SF. Axiom Investors LLC DE raised its position in shares of Stifel Financial by 248.2% in the 4th quarter. Axiom Investors LLC DE now owns 106,725 shares of the financial services provider’s stock valued at $7,380,000 after acquiring an additional 76,075 shares during the period. TFO Wealth Partners LLC raised its position in shares of Stifel Financial by 87,583.3% in the 4th quarter. TFO Wealth Partners LLC now owns 5,261 shares of the financial services provider’s stock valued at $364,000 after acquiring an additional 5,255 shares during the period. Steward Partners Investment Advisory LLC raised its position in shares of Stifel Financial by 0.6% in the 4th 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 period. 1492 Capital Management LLC raised its position in shares of Stifel Financial by 18.4% in the 4th quarter. 1492 Capital Management LLC now owns 55,172 shares of the financial services provider’s stock valued at $3,815,000 after acquiring an additional 8,586 shares during the period. Finally, HCR Wealth Advisors acquired a new stake in shares of Stifel Financial in the 4th quarter valued at approximately $211,000. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Stifel Financial

In other Stifel Financial news, Director David A. Peacock sold 13,000 shares of the firm’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $79.90, for a total transaction of $1,038,700.00. Following the completion of the sale, the director now owns 18,646 shares of the company’s stock, valued at approximately $1,489,815.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.57% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on SF shares. TD Cowen increased their price target on shares of Stifel Financial from $86.50 to $92.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. Citigroup increased their target price on Stifel Financial from $74.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. JMP Securities reissued a “market outperform” rating and set a $88.00 target price on shares of Stifel Financial in a research note on Tuesday, April 9th. Finally, StockNews.com cut Stifel Financial from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 9th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $84.50.

Check Out Our Latest Stock Analysis on SF

Stifel Financial Price Performance

Shares of SF opened at $78.21 on Monday. The stock has a market capitalization of $8.01 billion, a P/E ratio of 17.78 and a beta of 1.12. Stifel Financial Corp. has a twelve month low of $54.81 and a twelve month high of $84.23. The company has a 50 day moving average of $79.28 and a 200-day moving average of $74.13. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 0.35.

Stifel Financial (NYSE:SFGet Free Report) last released its earnings results on Wednesday, April 24th. The financial services provider reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.13). Stifel Financial had a net margin of 11.34% and a return on equity of 12.40%. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the business posted $1.40 earnings per share. Stifel Financial’s quarterly revenue was up 5.1% compared to the same quarter last year. As a group, equities research analysts forecast that Stifel Financial Corp. will post 7.04 EPS for the current fiscal year.

Stifel Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be paid a $0.42 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $1.68 annualized dividend and a dividend yield of 2.15%. Stifel Financial’s dividend payout ratio is presently 38.18%.

About Stifel Financial

(Free Report)

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.

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Institutional Ownership by Quarter for Stifel Financial (NYSE:SF)

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