Teachers Retirement System of The State of Kentucky Sells 11,609 Shares of Stifel Financial Corp. (NYSE:SF)

Teachers Retirement System of The State of Kentucky trimmed its position in Stifel Financial Corp. (NYSE:SF - Free Report) by 16.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,019 shares of the financial services provider's stock after selling 11,609 shares during the quarter. Teachers Retirement System of The State of Kentucky owned 0.06% of Stifel Financial worth $5,355,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Coldstream Capital Management Inc. raised its stake in shares of Stifel Financial by 5.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 12,392 shares of the financial services provider's stock valued at $1,172,000 after buying an additional 621 shares in the last quarter. Geode Capital Management LLC lifted its stake in Stifel Financial by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,696,605 shares of the financial services provider's stock worth $159,355,000 after purchasing an additional 20,110 shares during the period. M&T Bank Corp lifted its stake in Stifel Financial by 9.5% during the third quarter. M&T Bank Corp now owns 2,645 shares of the financial services provider's stock worth $248,000 after purchasing an additional 229 shares during the period. Barclays PLC boosted its holdings in Stifel Financial by 62.2% during the third quarter. Barclays PLC now owns 107,397 shares of the financial services provider's stock valued at $10,086,000 after purchasing an additional 41,171 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of Stifel Financial by 2.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 40,060 shares of the financial services provider's stock worth $3,762,000 after buying an additional 1,053 shares in the last quarter. 82.01% of the stock is owned by institutional investors.

Stifel Financial Price Performance

Shares of SF traded down $0.91 during mid-day trading on Friday, hitting $110.58. 589,557 shares of the company traded hands, compared to its average volume of 566,717. 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 stock has a market capitalization of $11.32 billion, a price-to-earnings ratio of 20.00 and a beta of 1.08. The business has a 50-day moving average of $108.53 and a 200 day moving average of $92.84. Stifel Financial Corp. has a one year low of $65.63 and a one year high of $119.12.

Stifel Financial (NYSE:SF - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $1.50 EPS for the quarter, missing analysts' consensus estimates of $1.60 by ($0.10). Stifel Financial had a net margin of 12.98% and a return on equity of 14.92%. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the business posted $0.60 earnings per share. The firm's quarterly revenue was up 17.2% on a year-over-year basis. As a group, equities analysts expect that Stifel Financial Corp. will post 6.44 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.42 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.68 annualized dividend and a yield of 1.52%. Stifel Financial's dividend payout ratio is currently 30.38%.

Analyst Upgrades and Downgrades

Several analysts recently commented on SF shares. JMP Securities boosted their price target on Stifel Financial from $105.00 to $110.00 and gave the company a "market outperform" rating in a research note on Wednesday, October 9th. Wells Fargo & Company upped their target price on shares of Stifel Financial from $113.00 to $130.00 and gave the stock an "overweight" rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. began coverage on shares of Stifel Financial in a report on Tuesday. They set a "neutral" rating and a $120.00 price target for the company. Citigroup upped their price objective on shares of Stifel Financial from $90.00 to $102.00 and gave the stock a "neutral" rating in a research note on Friday, September 27th. Finally, TD Cowen lifted their target price on shares of Stifel Financial from $100.00 to $105.00 and gave the company a "hold" rating in a research note on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Stifel Financial currently has a consensus rating of "Hold" and an average price target of $105.57.

Insiders Place Their Bets

In other Stifel Financial news, COO David D. Sliney sold 25,000 shares of the company's stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $116.18, for a total value of $2,904,500.00. Following the completion of the sale, the chief operating officer now owns 159,619 shares of the company's stock, valued at approximately $18,544,535.42. This represents a 13.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.57% of the company's stock.

About Stifel Financial

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.