State of Tennessee Treasury Department increased its stake in Stifel Financial Corp (NYSE:SF) by 50.0% in the first quarter, HoldingsChannel.com reports. The firm owned 90,030 shares of the financial services provider’s stock after purchasing an additional 30,000 shares during the quarter. State of Tennessee Treasury Department’s holdings in Stifel Financial were worth $4,750,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Shine Investment Advisory Services Inc. raised its holdings in shares of Stifel Financial by 50.6% in the 1st quarter. Shine Investment Advisory Services Inc. now owns 661 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 222 shares during the period. Larson Financial Group LLC bought a new stake in shares of Stifel Financial in the 4th quarter valued at about $28,000. Rockefeller Capital Management L.P. raised its holdings in shares of Stifel Financial by 369.7% in the 1st quarter. Rockefeller Capital Management L.P. now owns 869 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 684 shares during the period. Investors Research Corp bought a new stake in shares of Stifel Financial in the 1st quarter valued at about $80,000. Finally, Private Capital Group LLC raised its holdings in shares of Stifel Financial by 25.0% in the 1st quarter. Private Capital Group LLC now owns 3,482 shares of the financial services provider’s stock valued at $184,000 after purchasing an additional 697 shares during the period. 86.27% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Victor Nesi sold 1,250 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $56.04, for a total transaction of $70,050.00. Following the transaction, the insider now directly owns 184,910 shares of the company’s stock, valued at $10,362,356.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James M. Oates sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $58.61, for a total transaction of $1,172,200.00. Following the transaction, the director now directly owns 17,397 shares in the company, valued at $1,019,638.17. The disclosure for this sale can be found here. 3.77% of the stock is currently owned by company insiders.
Several research firms have weighed in on SF. Compass Point began coverage on shares of Stifel Financial in a report on Thursday, May 30th. They issued a “buy” rating and a $65.00 price target on the stock. JMP Securities increased their price target on shares of Stifel Financial from $61.00 to $65.00 and gave the company a “market outperform” rating in a report on Monday, April 8th. Wells Fargo & Co increased their price target on shares of Stifel Financial from $54.00 to $56.00 and gave the company a “market perform” rating in a report on Friday, April 5th. Goldman Sachs Group raised shares of Stifel Financial from a “neutral” rating to a “buy” rating and increased their price target for the company from $55.00 to $70.00 in a report on Thursday, May 9th. Finally, ValuEngine raised shares of Stifel Financial from a “sell” rating to a “hold” rating in a report on Friday, March 1st. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $62.67.
Stifel Financial stock opened at $57.64 on Thursday. The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of 10.92, a P/E/G ratio of 1.70 and a beta of 1.87. The company has a current ratio of 0.72, a quick ratio of 0.65 and a debt-to-equity ratio of 0.70. Stifel Financial Corp has a twelve month low of $38.39 and a twelve month high of $60.77.
Stifel Financial (NYSE:SF) last announced its earnings results on Tuesday, April 30th. The financial services provider reported $1.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.11. Stifel Financial had a net margin of 13.28% and a return on equity of 14.77%. The company had revenue of $770.40 million for the quarter, compared to analysts’ expectations of $745.21 million. During the same period last year, the firm earned $1.15 earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, equities analysts forecast that Stifel Financial Corp will post 5.7 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, May 31st. This represents a $0.60 annualized dividend and a dividend yield of 1.04%. Stifel Financial’s dividend payout ratio is presently 11.36%.
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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, the United Kingdom, rest of Europe, and Asia. The company operates through three segments: Global Wealth Management, Institutional Group, and Other.
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