Louisiana State Employees Retirement System Raises Holdings in Stifel Financial Corporation $SF

Louisiana State Employees Retirement System boosted its holdings in shares of Stifel Financial Corporation (NYSE:SF) by 1.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,900 shares of the financial services provider’s stock after buying an additional 300 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Stifel Financial were worth $2,999,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. NBC Securities Inc. purchased a new position in Stifel Financial during the first quarter valued at approximately $26,000. Alpine Bank Wealth Management purchased a new position in Stifel Financial in the first quarter worth $27,000. Allworth Financial LP grew its holdings in Stifel Financial by 67.7% in the first quarter. Allworth Financial LP now owns 337 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 136 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in Stifel Financial by 40.8% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 466 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 135 shares during the last quarter. Finally, Bessemer Group Inc. grew its holdings in Stifel Financial by 53.0% in the first quarter. Bessemer Group Inc. now owns 491 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 170 shares during the last quarter. 82.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Zacks Research lowered shares of Stifel Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, September 8th. JMP Securities lifted their price target on shares of Stifel Financial from $130.00 to $135.00 and gave the stock a “market outperform” rating in a report on Thursday. Wells Fargo & Company lifted their price target on shares of Stifel Financial from $102.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, July 11th. UBS Group set a $135.00 price target on shares of Stifel Financial in a report on Thursday. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Stifel Financial in a report on Wednesday. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $122.60.

Stifel Financial Trading Down 0.4%

NYSE SF opened at $111.30 on Friday. The company has a market capitalization of $11.37 billion, a PE ratio of 21.57 and a beta of 1.13. The company has a fifty day moving average of $113.46 and a 200 day moving average of $102.28. Stifel Financial Corporation has a 1 year low of $73.27 and a 1 year high of $120.64. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.82 and a quick ratio of 0.77.

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

Stifel Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were given 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 yield of 1.7%. Stifel Financial’s payout ratio is currently 35.66%.

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.