New York State Common Retirement Fund Sells 49,963 Shares of Stifel Financial Corp. (NYSE:SF)

New York State Common Retirement Fund lowered its position in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 6.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 673,697 shares of the financial services provider's stock after selling 49,963 shares during the quarter. New York State Common Retirement Fund owned 0.66% of Stifel Financial worth $63,260,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of SF. Versant Capital Management Inc raised 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 during the first quarter valued at approximately $32,000. Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of Stifel Financial in the first quarter worth $33,000. Waldron Private Wealth LLC bought a new position in shares of Stifel Financial during the third quarter worth $34,000. Finally, GAMMA Investing LLC grew its stake in Stifel Financial by 27.7% during the third quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider's stock valued at $47,000 after acquiring an additional 109 shares in the last quarter. 82.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on SF shares. StockNews.com cut shares of Stifel Financial from a "buy" rating to a "hold" rating in a research note on Thursday, October 3rd. The Goldman Sachs Group increased their price target on Stifel Financial from $85.00 to $94.00 and gave the company a "neutral" rating in a research note on Thursday, September 26th. JMP Securities lifted their price objective on Stifel Financial from $105.00 to $110.00 and gave the stock a "market outperform" rating in a research note on Wednesday, October 9th. Wells Fargo & Company increased their target price on Stifel Financial from $108.00 to $113.00 and gave the company an "overweight" rating in a research report on Thursday, October 24th. Finally, Wolfe Research cut shares of Stifel Financial from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 22nd. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $100.33.

Stifel Financial Trading Down 0.3 %

NYSE:SF traded down $0.35 during midday trading on Friday, hitting $103.27. 820,508 shares of the company traded hands, compared to its average volume of 582,978. The firm has a market capitalization of $10.59 billion, a P/E ratio of 18.67 and a beta of 1.08. The firm's fifty day moving average is $93.82 and its 200-day moving average is $85.92. Stifel Financial Corp. has a 12-month low of $57.69 and a 12-month high of $106.10. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 0.38.

Stifel Financial (NYSE:SF - Get Free Report) last released its earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($0.10). The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.20 billion. Stifel Financial had a return on equity of 15.11% and a net margin of 12.98%. Stifel Financial's revenue was up 17.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 EPS. On average, sell-side analysts predict that Stifel Financial Corp. will post 6.44 EPS for the current year.

Stifel Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.42 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.63%. Stifel Financial's dividend payout ratio is 30.38%.

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.