Stifel Financial Corporation $SF Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lessened its position in Stifel Financial Corporation (NYSE:SF) by 5.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,933 shares of the financial services provider’s stock after selling 1,504 shares during the period. Illinois Municipal Retirement Fund’s holdings in Stifel Financial were worth $2,899,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of SF. Vanguard Group Inc. grew its position in Stifel Financial by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 10,620,407 shares of the financial services provider’s stock worth $1,001,080,000 after purchasing an additional 217,415 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Stifel Financial by 314.1% during the first quarter. AQR Capital Management LLC now owns 1,383,836 shares of the financial services provider’s stock worth $126,925,000 after buying an additional 1,049,665 shares during the period. Invesco Ltd. grew its holdings in Stifel Financial by 0.3% in the 1st quarter. Invesco Ltd. now owns 1,211,580 shares of the financial services provider’s stock worth $114,204,000 after buying an additional 4,115 shares in the last quarter. Northern Trust Corp grew its holdings in Stifel Financial by 0.6% in the 1st quarter. Northern Trust Corp now owns 1,136,207 shares of the financial services provider’s stock worth $107,099,000 after buying an additional 7,229 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in Stifel Financial by 529.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 398,633 shares of the financial services provider’s stock valued at $37,576,000 after acquiring an additional 335,257 shares during the period. 82.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SF has been the subject of several recent analyst reports. BMO Capital Markets initiated coverage on Stifel Financial in a research note on Friday, October 3rd. They issued a “market perform” rating and a $121.00 price target for the company. UBS Group set a $135.00 target price on shares of Stifel Financial in a research report on Thursday, October 9th. Zacks Research raised shares of Stifel Financial from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. Citigroup reiterated an “outperform” rating on shares of Stifel Financial in a report on Thursday, October 9th. Finally, Stifel Nicolaus set a $131.00 target price on Stifel Financial in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $125.90.

Stifel Financial Stock Performance

Shares of SF opened at $121.98 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.82 and a quick ratio of 0.77. The firm’s 50 day moving average is $114.93 and its 200-day moving average is $107.57. Stifel Financial Corporation has a 12-month low of $73.27 and a 12-month high of $125.73. The stock has a market capitalization of $12.42 billion, a P/E ratio of 21.55 and a beta of 1.19.

Stifel Financial (NYSE:SF) last released its earnings results on Wednesday, October 22nd. The financial services provider reported $1.95 EPS for the quarter, beating the consensus estimate of $1.89 by $0.06. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.33 billion. Stifel Financial had a net margin of 12.44% and a return on equity of 15.06%. The business’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.50 earnings per share. Equities research analysts anticipate that Stifel Financial Corporation will post 8.26 EPS for the current fiscal year.

Stifel Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $1.84 annualized dividend and a dividend yield of 1.5%. Stifel Financial’s dividend payout ratio (DPR) is currently 32.51%.

Stifel Financial 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.