Public Employees Retirement System of Ohio Buys 484 Shares of Stifel Financial Corporation $SF

Public Employees Retirement System of Ohio raised its stake in shares of Stifel Financial Corporation (NYSE:SF) by 1.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,419 shares of the financial services provider’s stock after acquiring an additional 484 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Stifel Financial were worth $3,468,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. NBC Securities Inc. bought a new stake in Stifel Financial during the 1st quarter valued at $26,000. Alpine Bank Wealth Management bought a new stake in Stifel Financial during the 1st quarter valued at $27,000. Allworth Financial LP boosted its position in Stifel Financial by 67.7% during the 1st quarter. Allworth Financial LP now owns 337 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 136 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Stifel Financial by 123.6% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 183 shares in the last quarter. Finally, Bessemer Group Inc. boosted its position in Stifel Financial by 53.0% during the 1st quarter. Bessemer Group Inc. now owns 491 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 170 shares in the last quarter. Institutional investors own 82.01% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on SF shares. Citigroup raised Stifel Financial from a “neutral” rating to a “buy” rating and increased their target price for the company from $115.00 to $135.00 in a research report on Thursday, July 31st. Zacks Research cut Stifel Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 8th. Stifel Nicolaus set a $135.00 price objective on Stifel Financial in a research report on Thursday, July 31st. JMP Securities raised their price objective on Stifel Financial from $120.00 to $130.00 and gave the stock a “market outperform” rating in a research report on Monday, July 14th. Finally, Wall Street Zen raised Stifel Financial from a “sell” rating to a “hold” rating in a research report on Sunday, August 3rd. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Stifel Financial has a consensus rating of “Hold” and an average price target of $115.78.

Stifel Financial Stock Performance

Shares of SF stock opened at $113.54 on Wednesday. The firm has a market capitalization of $11.60 billion, a price-to-earnings ratio of 22.00 and a beta of 1.13. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.82 and a quick ratio of 0.77. The business has a fifty day moving average of $113.50 and a 200 day moving average of $101.65. Stifel Financial Corporation has a 1 year low of $73.27 and a 1 year high of $120.64.

Stifel Financial (NYSE:SF) last released its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.06. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. Stifel Financial had a return on equity of 13.93% and a net margin of 11.90%.The company’s revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the business posted $1.60 EPS. As a group, research analysts expect that Stifel Financial Corporation will post 8.26 earnings per share for the current year.

Stifel Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $0.46 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.6%. Stifel Financial’s dividend payout ratio (DPR) is presently 35.66%.

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.