49,540 Shares in Stifel Financial Corporation $SF Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new stake in Stifel Financial Corporation (NYSE:SF) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 49,540 shares of the financial services provider’s stock, valued at approximately $3,456,000.

Several other large investors have also bought and sold shares of SF. Fifth Third Bancorp increased its stake in shares of Stifel Financial by 430.4% in the first quarter. Fifth Third Bancorp now owns 73,993 shares of the financial services provider’s stock valued at $5,470,000 after buying an additional 60,042 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Stifel Financial by 49.9% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 38,209 shares of the financial services provider’s stock worth $2,824,000 after acquiring an additional 12,727 shares during the period. BlackRock Inc. acquired a new position in shares of Stifel Financial in the second quarter worth approximately $1,031,197,000. Castleark Management LLC bought a new stake in Stifel Financial in the second quarter valued at approximately $6,852,000. Finally, Heartland Advisors Inc. boosted its holdings in Stifel Financial by 56.3% in the first quarter. Heartland Advisors Inc. now owns 134,153 shares of the financial services provider’s stock valued at $9,917,000 after acquiring an additional 48,346 shares during the last quarter. 82.01% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Maryam Brown sold 4,700 shares of the stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $79.20, for a total transaction of $372,240.00. Following the transaction, the director owned 5,729 shares of the company’s stock, valued at $453,736.80. This represents a 45.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.36% of the stock is owned by company insiders.

Stifel Financial Stock Performance

NYSE:SF opened at $81.62 on Friday. The company has a fifty day moving average of $79.75 and a 200-day moving average of $76.27. The firm has a market capitalization of $12.32 billion, a P/E ratio of 14.61 and a beta of 0.98. The company has a quick ratio of 0.83, a current ratio of 0.88 and a debt-to-equity ratio of 0.33. Stifel Financial Corporation has a twelve month low of $67.81 and a twelve month high of $89.83.

Stifel Financial (NYSE:SF) last issued its earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.09. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. Stifel Financial had a net margin of 16.11% and a return on equity of 19.22%. Stifel Financial’s revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.71 earnings per share. As a group, sell-side analysts anticipate that Stifel Financial Corporation will post 6.36 EPS for the current year.

Stifel Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.34 per share. The ex-dividend date is Tuesday, September 1st. This represents a $1.36 annualized dividend and a dividend yield of 1.7%. Stifel Financial’s dividend payout ratio is currently 24.33%.

Analyst Ratings Changes

A number of research firms have weighed in on SF. JPMorgan Chase & Co. increased their target price on shares of Stifel Financial from $80.00 to $86.00 and gave the company a “neutral” rating in a research report on Thursday, July 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stifel Financial in a research note on Wednesday, August 26th. Zacks Research upgraded shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Wall Street Zen downgraded shares of Stifel Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. Finally, UBS Group set a $90.00 target price on shares of Stifel Financial in a report on Thursday, July 23rd. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Stifel Financial presently has an average rating of “Moderate Buy” and an average price target of $91.90.

About Stifel Financial

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full‐service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research‐driven insights.

The firm’s main business activities are organized into two core segments: Private Client Group and Institutional Group.