Strs Ohio reduced its stake in Stifel Financial Corp. (NYSE:SF – Get Rating) by 8.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 103,327 shares of the financial services provider's stock after selling 9,378 shares during the quarter. Strs Ohio's holdings in Stifel Financial were worth $6,031,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the business. Advanced Research Investment Solutions LLC purchased a new stake in shares of Stifel Financial during the 3rd quarter valued at about $57,000. Ronald Blue Trust Inc. boosted its position in Stifel Financial by 175.4% in the 3rd quarter. Ronald Blue Trust Inc. now owns 1,129 shares of the financial services provider's stock valued at $63,000 after buying an additional 719 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Stifel Financial during the third quarter valued at about $73,000. Rockefeller Capital Management L.P. grew its stake in Stifel Financial by 72.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 2,230 shares of the financial services provider's stock valued at $115,000 after purchasing an additional 937 shares in the last quarter. Finally, Wipfli Financial Advisors LLC acquired a new position in shares of Stifel Financial in the 3rd quarter valued at approximately $143,000. 83.02% of the stock is currently owned by institutional investors and hedge funds.
Get Stifel Financial alerts:Wall Street Analyst Weigh In
Several research firms recently issued reports on SF. JMP Securities reaffirmed a "market outperform" rating and issued a $95.00 price target on shares of Stifel Financial in a report on Monday, March 13th. StockNews.com cut Stifel Financial from a "buy" rating to a "hold" rating in a research note on Wednesday, March 29th.
Insider Activity
In other Stifel Financial news, CEO Ronald J. Kruszewski acquired 2,500 shares of the business's stock in a transaction that occurred on Monday, March 13th. The shares were purchased at an average price of $55.00 per share, with a total value of $137,500.00. Following the completion of the transaction, the chief executive officer now owns 1,377,326 shares in the company, valued at $75,752,930. The acquisition was disclosed in a document filed with the SEC, which is available at this link. In related news, insider James M. Zemlyak bought 20,000 shares of Stifel Financial stock in a transaction dated Friday, March 24th. The shares were bought at an average cost of $56.05 per share, for a total transaction of $1,121,000.00. Following the completion of the transaction, the insider now owns 1,250,652 shares of the company's stock, valued at $70,099,044.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ronald J. Kruszewski bought 2,500 shares of the firm's stock in a transaction dated Monday, March 13th. The shares were bought at an average price of $55.00 per share, with a total value of $137,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,377,326 shares in the company, valued at approximately $75,752,930. The disclosure for this purchase can be found here. Insiders have acquired 32,500 shares of company stock worth $1,848,500 in the last 90 days. Company insiders own 3.30% of the company's stock.
Stifel Financial Price Performance
NYSE:SF opened at $56.28 on Monday. The company has a quick ratio of 0.80, a current ratio of 0.82 and a debt-to-equity ratio of 0.30. The business's 50-day moving average price is $62.89 and its 200 day moving average price is $60.68. Stifel Financial Corp. has a 52-week low of $49.31 and a 52-week high of $70.26. The firm has a market cap of $6.01 billion, a P/E ratio of 10.58 and a beta of 1.25.
Stifel Financial (NYSE:SF – Get Rating) last released its earnings results on Wednesday, January 25th. The financial services provider reported $1.58 EPS for the quarter, missing the consensus estimate of $1.64 by ($0.06). The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.14 billion. Stifel Financial had a net margin of 15.08% and a return on equity of 15.84%. The firm's revenue for the quarter was down 14.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.23 earnings per share.
Stifel Financial Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Wednesday, March 1st were paid a $0.36 dividend. This is an increase from Stifel Financial's previous quarterly dividend of $0.30. This represents a $1.44 annualized dividend and a yield of 2.56%. The ex-dividend date was Tuesday, February 28th. Stifel Financial's dividend payout ratio is currently 27.07%.
Stifel Financial Profile
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Stifel Financial Corp. provides securities brokerage, investment banking, trading, investment advisory, and related financial services. It operates through the following segments: Global Wealth Management, Institutional Group, and Other. The Global Wealth Management segment provides securities transaction, brokerage, and investment services to clients.
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