Teachers Retirement System of The State of Kentucky lowered its stake in shares of Stifel Financial Corp (NYSE:SF) by 4.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,300 shares of the financial services provider’s stock after selling 700 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Stifel Financial Corp were worth $714,000 as of its most recent filing with the SEC.
Other hedge funds have also modified their holdings of the company. Guggenheim Capital LLC raised its stake in shares of Stifel Financial Corp by 26.0% in the fourth quarter. Guggenheim Capital LLC now owns 52,821 shares of the financial services provider’s stock valued at $2,639,000 after buying an additional 10,916 shares during the period. Blenheim Capital Management BV acquired a new stake in shares of Stifel Financial Corp during the fourth quarter valued at $311,000. Tyers Asset Management LLC acquired a new stake in shares of Stifel Financial Corp during the fourth quarter valued at $131,000. BlueMar Capital Management LLC acquired a new stake in shares of Stifel Financial Corp during the fourth quarter valued at $2,877,000. Finally, Parallel Advisors LLC acquired a new stake in shares of Stifel Financial Corp during the fourth quarter valued at $562,000. Institutional investors and hedge funds own 84.09% of the company’s stock.
Stifel Financial Corp (NYSE:SF) opened at 48.26 on Friday. The company’s 50-day moving average is $53.30 and its 200 day moving average is $47.04. The company has a market capitalization of $3.29 billion, a P/E ratio of 48.26 and a beta of 1.63. Stifel Financial Corp has a one year low of $27.33 and a one year high of $56.62.
Stifel Financial Corp (NYSE:SF) last issued its quarterly earnings data on Tuesday, January 31st. The financial services provider reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.03. The company had revenue of $661.40 million for the quarter, compared to analyst estimates of $639.61 million. Stifel Financial Corp had a net margin of 3.17% and a return on equity of 7.37%. The company’s revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.51 earnings per share. Analysts predict that Stifel Financial Corp will post $3.32 EPS for the current year.
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Several equities analysts recently issued reports on the stock. Stifel Nicolaus lifted their price target on shares of Stifel Financial Corp from $58.00 to $59.00 and gave the company a “neutral” rating in a report on Monday, March 20th. Goldman Sachs Group Inc reissued a “neutral” rating and set a $59.00 price target (up from $58.00) on shares of Stifel Financial Corp in a report on Monday, March 20th. Instinet reissued a “buy” rating and set a $62.00 price target (down from $63.00) on shares of Stifel Financial Corp in a report on Wednesday, February 1st. Zacks Investment Research raised shares of Stifel Financial Corp from a “hold” rating to a “strong-buy” rating and set a $59.00 price target for the company in a report on Friday, January 6th. Finally, TheStreet raised shares of Stifel Financial Corp from a “hold” rating to a “buy” rating in a report on Tuesday, December 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Stifel Financial Corp has a consensus rating of “Buy” and an average price target of $54.33.
In related news, Vice Chairman Ben A. Plotkin sold 7,083 shares of the company’s stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of $55.40, for a total value of $392,398.20. Following the transaction, the insider now directly owns 116,226 shares in the company, valued at $6,438,920.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard J. Himelfarb sold 35,000 shares of the company’s stock in a transaction dated Thursday, February 9th. The shares were sold at an average price of $53.38, for a total transaction of $1,868,300.00. Following the completion of the transaction, the director now owns 134,166 shares in the company, valued at $7,161,781.08. The disclosure for this sale can be found here. 5.14% of the stock is owned by corporate insiders.
Stifel Financial Corp Company Profile
Stifel Financial Corp. is a financial holding company. Its principal subsidiary is Stifel, Nicolaus & Company, Incorporated, a retail and institutional wealth management and investment banking firm. Its principal activities are private client services, including securities transaction and financial planning services; institutional equity and fixed income sales, trading, research and municipal finance; investment banking services, including mergers and acquisitions, public offerings and private placements, and retail and commercial banking, including personal and commercial lending programs.
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