Teacher Retirement System of Texas Has $3.71 Million Stock Position in Stifel Financial Corp. (NYSE:SF)

Teacher Retirement System of Texas lessened its holdings in shares of Stifel Financial Corp. (NYSE:SF - Free Report) by 55.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 34,990 shares of the financial services provider's stock after selling 43,408 shares during the period. Teacher Retirement System of Texas' holdings in Stifel Financial were worth $3,712,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Algebris UK Ltd bought a new stake in Stifel Financial in the fourth quarter valued at about $3,032,000. First Financial Bankshares Inc acquired a new position in shares of Stifel Financial during the 4th quarter worth about $1,829,000. Harvest Fund Management Co. Ltd raised its position in shares of Stifel Financial by 422.2% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 2,559 shares of the financial services provider's stock valued at $271,000 after acquiring an additional 2,069 shares during the period. Xponance Inc. raised its position in shares of Stifel Financial by 5.0% in the 4th quarter. Xponance Inc. now owns 11,691 shares of the financial services provider's stock valued at $1,240,000 after acquiring an additional 557 shares during the period. Finally, Corient Private Wealth LLC grew its holdings in Stifel Financial by 11.8% during the fourth quarter. Corient Private Wealth LLC now owns 7,447 shares of the financial services provider's stock valued at $789,000 after purchasing an additional 788 shares during the period. Institutional investors own 82.01% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on SF shares. JPMorgan Chase & Co. began coverage on Stifel Financial in a research note on Tuesday, December 10th. They set a "neutral" rating and a $120.00 price objective on the stock. UBS Group boosted their price objective on Stifel Financial from $116.00 to $120.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. StockNews.com upgraded shares of Stifel Financial from a "hold" rating to a "buy" rating in a report on Thursday, March 6th. Wells Fargo & Company upped their price target on shares of Stifel Financial from $128.00 to $135.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. Finally, JMP Securities raised their price objective on shares of Stifel Financial from $125.00 to $135.00 and gave the stock a "market outperform" rating in a report on Thursday, January 30th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $117.71.

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Stifel Financial Stock Performance

Shares of SF traded down $3.15 during midday trading on Friday, reaching $93.92. The stock had a trading volume of 817,664 shares, compared to its average volume of 624,138. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.27. The firm has a 50 day simple moving average of $105.66 and a 200-day simple moving average of $104.97. The firm has a market cap of $9.74 billion, a PE ratio of 15.05 and a beta of 1.08. Stifel Financial Corp. has a one year low of $73.51 and a one year high of $120.64.

Stifel Financial (NYSE:SF - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share for the quarter, topping analysts' consensus estimates of $1.96 by $0.27. Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. As a group, sell-side analysts anticipate that Stifel Financial Corp. will post 8.26 EPS for the current year.

Stifel Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.46 dividend. The ex-dividend date was Monday, March 3rd. This is a positive change from Stifel Financial's previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a dividend yield of 1.96%. Stifel Financial's dividend payout ratio is presently 29.49%.

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.