Public Employees Retirement System of Ohio Raises Holdings in Stifel Financial Corp. (NYSE:SF)

Public Employees Retirement System of Ohio lifted its position in shares of Stifel Financial Corp. (NYSE:SF) by 2.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 40,060 shares of the financial services provider’s stock after acquiring an additional 1,053 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Stifel Financial were worth $3,762,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in SF. Waldron Private Wealth LLC bought a new stake in Stifel Financial during the 3rd quarter valued at $34,000. GAMMA Investing LLC raised its stake in shares of Stifel Financial by 27.7% during the 3rd quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 109 shares during the period. Rothschild Investment LLC purchased a new stake in Stifel Financial during the 2nd quarter worth about $64,000. UMB Bank n.a. boosted its stake in Stifel Financial by 36.6% in the 3rd quarter. UMB Bank n.a. now owns 870 shares of the financial services provider’s stock worth $82,000 after purchasing an additional 233 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in Stifel Financial by 148.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,201 shares of the financial services provider’s stock valued at $113,000 after buying an additional 717 shares in the last quarter. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SF. Citigroup increased their price target on shares of Stifel Financial from $90.00 to $102.00 and gave the stock a “neutral” rating in a report on Friday, September 27th. StockNews.com downgraded shares of Stifel Financial from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. Wells Fargo & Company upped their price target 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. The Goldman Sachs Group lifted their price objective on Stifel Financial from $85.00 to $94.00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. Finally, JPMorgan Chase & Co. began coverage on Stifel Financial in a research note on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 target price on the stock. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Stifel Financial has a consensus rating of “Hold” and a consensus target price of $105.57.

Insiders Place Their Bets

In other news, COO David D. Sliney sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $116.18, for a total transaction of $2,904,500.00. Following the transaction, the chief operating officer now directly owns 159,619 shares of the company’s stock, valued at approximately $18,544,535.42. This trade represents a 13.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.57% of the stock is currently owned by insiders.

Stifel Financial Price Performance

SF opened at $110.58 on Monday. 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 P/E ratio of 20.00 and a beta of 1.08. The stock has a 50-day moving average price of $108.53 and a 200-day moving average price of $93.03. Stifel Financial Corp. has a 12-month low of $65.63 and a 12-month high of $119.12.

Stifel Financial (NYSE:SF) last issued its earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($0.10). The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Stifel Financial had a return on equity of 14.92% and a net margin of 12.98%. The firm’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.60 EPS. Equities analysts predict that Stifel Financial Corp. will post 6.5 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Monday, December 2nd. Stifel Financial’s payout ratio is presently 30.38%.

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.