Stifel Financial Corp. (NYSE:SF) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its position in shares of Stifel Financial Corp. (NYSE:SF) by 6.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 673,697 shares of the financial services provider’s stock after selling 49,963 shares during the period. New York State Common Retirement Fund owned about 0.66% of Stifel Financial worth $63,260,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its stake in Stifel Financial by 1,818.8% during the 2nd quarter. Versant Capital Management Inc now owns 307 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 291 shares during the period. Fidelis Capital Partners LLC bought a new stake in shares of Stifel Financial in the 1st quarter worth approximately $32,000. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Stifel Financial in the 1st quarter worth approximately $33,000. Waldron Private Wealth LLC bought a new stake in shares of Stifel Financial in the 3rd quarter worth approximately $34,000. Finally, GAMMA Investing LLC raised its holdings in shares of Stifel Financial by 27.7% in the 3rd quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 109 shares in the last quarter. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Stifel Financial Stock Down 0.3 %

Shares of NYSE:SF opened at $103.27 on Friday. Stifel Financial Corp. has a one year low of $57.69 and a one year high of $106.10. The company has a 50 day moving average of $93.51 and a 200-day moving average of $85.72. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.80. The stock has a market cap of $10.59 billion, a price-to-earnings ratio of 18.67 and a beta of 1.08.

Stifel Financial (NYSE:SF) last issued its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.10). The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.20 billion. Stifel Financial had a net margin of 12.98% and a return on equity of 15.11%. The firm’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.60 EPS. On average, sell-side analysts forecast that Stifel Financial Corp. will post 6.44 earnings per share for the current year.

Stifel Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Monday, December 2nd. Stifel Financial’s payout ratio is currently 30.38%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SF. Wells Fargo & Company upped their price objective on shares of Stifel Financial from $108.00 to $113.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. StockNews.com lowered shares of Stifel Financial from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Wolfe Research lowered shares of Stifel Financial from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 22nd. JMP Securities raised their price target on shares of Stifel Financial from $105.00 to $110.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 9th. Finally, TD Cowen raised their price objective on shares of Stifel Financial from $100.00 to $105.00 and gave the stock a “hold” rating in a report on Thursday, October 24th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $100.33.

Stifel Financial 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.