Teachers Retirement System of The State of Kentucky Decreases Stock Holdings in Stifel Financial Corp. (NYSE:SF)

Teachers Retirement System of The State of Kentucky lessened its stake in Stifel Financial Corp. (NYSE:SF - Free Report) by 10.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,328 shares of the financial services provider's stock after selling 5,691 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.05% of Stifel Financial worth $5,445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Stifel Financial in the 4th quarter worth approximately $137,448,000. FMR LLC boosted its stake in Stifel Financial by 8.5% in the fourth quarter. FMR LLC now owns 8,628,832 shares of the financial services provider's stock valued at $915,346,000 after acquiring an additional 672,420 shares in the last quarter. Wellington Management Group LLP grew its holdings in Stifel Financial by 32.2% in the fourth quarter. Wellington Management Group LLP now owns 2,588,964 shares of the financial services provider's stock worth $274,637,000 after purchasing an additional 630,255 shares during the last quarter. Walleye Capital LLC increased its position in shares of Stifel Financial by 477.9% during the fourth quarter. Walleye Capital LLC now owns 238,945 shares of the financial services provider's stock worth $25,347,000 after purchasing an additional 197,598 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of Stifel Financial by 18.2% during the fourth quarter. Invesco Ltd. now owns 1,207,465 shares of the financial services provider's stock worth $128,088,000 after purchasing an additional 186,352 shares in the last quarter. 82.01% of the stock is currently owned by institutional investors.

Stifel Financial Stock Performance

Shares of NYSE SF opened at $85.82 on Wednesday. The company has a 50 day simple moving average of $94.76 and a two-hundred day simple moving average of $104.15. The stock has a market cap of $8.90 billion, a price-to-earnings ratio of 13.75 and a beta of 1.00. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.27. Stifel Financial Corp. has a 12 month low of $73.27 and a 12 month high of $120.64.

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

Stifel Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.46 dividend. This is an increase from Stifel Financial's previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.14%. Stifel Financial's dividend payout ratio is presently 29.49%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SF shares. Wells Fargo & Company lowered their price objective on Stifel Financial from $135.00 to $106.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. The Goldman Sachs Group dropped their price target on Stifel Financial from $121.00 to $105.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Citigroup decreased their price objective on shares of Stifel Financial from $125.00 to $105.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. JPMorgan Chase & Co. dropped their target price on shares of Stifel Financial from $123.00 to $100.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Finally, StockNews.com raised shares of Stifel Financial from a "hold" rating to a "buy" rating in a report on Thursday, March 6th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $105.71.

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.

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