VIRGINIA RETIREMENT SYSTEMS ET Al Sells 4,500 Shares of Stifel Financial Corporation $SF

VIRGINIA RETIREMENT SYSTEMS ET Al lowered its holdings in shares of Stifel Financial Corporation (NYSE:SF) by 42.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,200 shares of the financial services provider’s stock after selling 4,500 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Stifel Financial were worth $704,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vident Advisory LLC grew its position in shares of Stifel Financial by 20.3% during the 1st quarter. Vident Advisory LLC now owns 2,844 shares of the financial services provider’s stock worth $268,000 after buying an additional 479 shares during the period. Adage Capital Partners GP L.L.C. bought a new position in Stifel Financial during the first quarter worth $6,598,000. Amundi grew its holdings in Stifel Financial by 352,150.0% in the first quarter. Amundi now owns 21,135 shares of the financial services provider’s stock worth $1,818,000 after purchasing an additional 21,129 shares during the period. Hancock Whitney Corp grew its holdings in Stifel Financial by 3.9% in the first quarter. Hancock Whitney Corp now owns 7,835 shares of the financial services provider’s stock worth $739,000 after purchasing an additional 294 shares during the period. Finally, NewEdge Advisors LLC increased its stake in Stifel Financial by 5.8% in the first quarter. NewEdge Advisors LLC now owns 2,673 shares of the financial services provider’s stock valued at $252,000 after purchasing an additional 147 shares in the last quarter. 82.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on SF shares. Zacks Research cut shares of Stifel Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. TD Cowen raised Stifel Financial from a “hold” rating to a “buy” rating and upped their price target for the stock from $118.00 to $131.00 in a research note on Wednesday, October 8th. JMP Securities increased their price target on Stifel Financial from $130.00 to $135.00 and gave the stock a “market outperform” rating in a report on Thursday, October 9th. BMO Capital Markets initiated coverage on Stifel Financial in a report on Friday, October 3rd. They set a “market perform” rating and a $121.00 price objective for the company. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Stifel Financial in a research report on Wednesday, October 8th. Seven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Stifel Financial has an average rating of “Moderate Buy” and a consensus target price of $127.40.

Stifel Financial Trading Up 2.5%

NYSE SF opened at $128.36 on Monday. The company has a current ratio of 0.84, a quick ratio of 0.79 and a debt-to-equity ratio of 0.28. The business has a fifty day simple moving average of $123.17 and a 200 day simple moving average of $115.46. Stifel Financial Corporation has a 12 month low of $73.27 and a 12 month high of $133.08. The firm has a market capitalization of $13.07 billion, a P/E ratio of 22.68 and a beta of 1.13.

Stifel Financial (NYSE:SF) last posted its earnings results on Wednesday, October 22nd. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.06. Stifel Financial had a net margin of 12.44% and a return on equity of 14.95%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the prior year, the business posted $1.50 EPS. The business’s revenue was up 16.7% compared to the same quarter last year. On average, analysts predict that Stifel Financial Corporation will post 8.26 EPS for the current fiscal year.

Stifel Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Monday, December 1st. Stifel Financial’s dividend payout ratio (DPR) is 32.51%.

Stifel Financial 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.