New York State Teachers Retirement System Has $12.84 Million Stock Position in Stifel Financial Corporation (NYSE:SF)

New York State Teachers Retirement System lessened its position in Stifel Financial Corporation (NYSE:SF) by 2.5% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 136,245 shares of the financial services provider’s stock after selling 3,531 shares during the period. New York State Teachers Retirement System’s holdings in Stifel Financial were worth $12,842,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Proficio Capital Partners LLC acquired a new position in shares of Stifel Financial during the fourth quarter valued at about $162,000. Smartleaf Asset Management LLC lifted its position in Stifel Financial by 26.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 528 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 111 shares in the last quarter. Assetmark Inc. boosted its stake in Stifel Financial by 4.4% during the 4th quarter. Assetmark Inc. now owns 27,522 shares of the financial services provider’s stock valued at $2,920,000 after purchasing an additional 1,149 shares during the last quarter. M&T Bank Corp increased its holdings in Stifel Financial by 10.8% during the 4th quarter. M&T Bank Corp now owns 2,931 shares of the financial services provider’s stock worth $311,000 after purchasing an additional 286 shares in the last quarter. Finally, Arizona State Retirement System raised its stake in shares of Stifel Financial by 0.8% in the fourth quarter. Arizona State Retirement System now owns 29,751 shares of the financial services provider’s stock worth $3,156,000 after purchasing an additional 249 shares during the last quarter. Institutional investors own 82.01% of the company’s stock.

Insider Buying and Selling

In other Stifel Financial news, Director Michael J. Zimmerman sold 10,000 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $96.69, for a total transaction of $966,900.00. Following the completion of the transaction, the director directly owned 45,833 shares of the company’s stock, valued at approximately $4,431,592.77. This represents a 17.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.28% of the company’s stock.

Stifel Financial Trading Up 1.7%

Shares of Stifel Financial stock opened at $109.20 on Friday. The firm has a market cap of $11.22 billion, a PE ratio of 20.88 and a beta of 1.09. 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 0.81 and a quick ratio of 0.77. The stock has a fifty day moving average price of $95.75 and a 200-day moving average price of $99.44.

Stifel Financial (NYSE:SF) last posted its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.64 by ($1.15). The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Stifel Financial had a return on equity of 13.88% and a net margin of 12.26%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the business posted $1.49 EPS. Equities research analysts anticipate that Stifel Financial Corporation will post 8.26 EPS for the current year.

Stifel Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a $0.46 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.68%. Stifel Financial’s dividend payout ratio (DPR) is presently 35.18%.

Analysts Set New Price Targets

SF has been the topic of several analyst reports. The Goldman Sachs Group cut their target price on Stifel Financial from $121.00 to $105.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. Wolfe Research raised shares of Stifel Financial from a “peer perform” rating to an “outperform” rating and set a $108.00 price objective on the stock in a report on Thursday, April 24th. JPMorgan Chase & Co. lowered their target price on shares of Stifel Financial from $123.00 to $100.00 and set a “neutral” rating for the company in a report on Friday, April 11th. TD Cowen dropped their price target on shares of Stifel Financial from $124.00 to $84.00 and set a “hold” rating on the stock in a research report on Wednesday, April 9th. Finally, Citigroup cut their price target on shares of Stifel Financial from $125.00 to $105.00 and set a “neutral” rating on the stock in a report on Wednesday, April 2nd. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Stifel Financial currently has a consensus rating of “Hold” and an average price target of $105.50.

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.