Public Employees Retirement System of Ohio Buys 18,073 Shares of Stifel Financial Corporation $SF

Public Employees Retirement System of Ohio grew its stake in Stifel Financial Corporation (NYSE:SF) by 56.3% in the 1st quarter, Holdings Channel reports. The institutional investor owned 50,195 shares of the financial services provider’s stock after buying an additional 18,073 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Stifel Financial were worth $3,710,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. AQR Capital Management LLC raised its holdings in shares of Stifel Financial by 94.8% during the fourth quarter. AQR Capital Management LLC now owns 2,893,850 shares of the financial services provider’s stock worth $362,368,000 after acquiring an additional 1,408,347 shares during the period. Norges Bank acquired a new position in Stifel Financial in the 4th quarter worth $172,446,000. Dimensional Fund Advisors LP boosted its stake in Stifel Financial by 51.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,616,616 shares of the financial services provider’s stock worth $193,403,000 after purchasing an additional 890,810 shares during the period. Marshall Wace LLP increased its holdings in Stifel Financial by 50.9% during the 4th quarter. Marshall Wace LLP now owns 1,284,806 shares of the financial services provider’s stock worth $160,883,000 after purchasing an additional 433,341 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in Stifel Financial by 13.8% during the 3rd quarter. Wellington Management Group LLP now owns 3,451,787 shares of the financial services provider’s stock worth $391,674,000 after purchasing an additional 419,038 shares in the last quarter. Institutional investors own 82.01% of the company’s stock.

Stifel Financial Stock Performance

NYSE SF opened at $82.69 on Friday. The firm has a market capitalization of $12.68 billion, a P/E ratio of 14.80 and a beta of 1.01. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. The firm’s fifty day moving average price is $74.16 and its two-hundred day moving average price is $76.62. Stifel Financial Corporation has a 1 year low of $67.81 and a 1 year high of $89.83.

Stifel Financial (NYSE:SF) last announced its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.09. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. Stifel Financial had a net margin of 16.11% and a return on equity of 19.32%. The company’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.71 EPS. As a group, research analysts anticipate that Stifel Financial Corporation will post 6.36 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on SF shares. UBS Group set a $90.00 price target on Stifel Financial in a report on Thursday, July 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Stifel Financial in a report on Friday, May 29th. JPMorgan Chase & Co. boosted their target price on Stifel Financial from $80.00 to $86.00 and gave the company a “neutral” rating in a research note on Thursday, July 23rd. Finally, Zacks Research raised Stifel Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.90.

Insider Transactions at Stifel Financial

In related news, Director Maryam S. Brown sold 4,700 shares of Stifel Financial stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $79.20, for a total transaction of $372,240.00. Following the completion of the transaction, the director owned 5,729 shares in the company, valued at approximately $453,736.80. This trade represents a 45.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.36% of the company’s stock.

Stifel Financial Profile

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.