New York State Common Retirement Fund Sells 2,128 Shares of Stifel Financial Corp. (NYSE:SF)

New York State Common Retirement Fund decreased its position in shares of Stifel Financial Corp. (NYSE:SF) by 0.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 671,569 shares of the financial services provider’s stock after selling 2,128 shares during the quarter. New York State Common Retirement Fund owned approximately 0.66% of Stifel Financial worth $71,240,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in SF. Barclays PLC boosted its position in Stifel Financial by 62.2% during the third quarter. Barclays PLC now owns 107,397 shares of the financial services provider’s stock valued at $10,086,000 after purchasing an additional 41,171 shares in the last quarter. TT International Asset Management LTD bought a new stake in Stifel Financial during the fourth quarter valued at about $2,759,000. Curi RMB Capital LLC boosted its position in Stifel Financial by 15.7% during the third quarter. Curi RMB Capital LLC now owns 69,301 shares of the financial services provider’s stock valued at $6,507,000 after purchasing an additional 9,396 shares in the last quarter. Larson Financial Group LLC boosted its position in Stifel Financial by 4,308.9% during the third quarter. Larson Financial Group LLC now owns 5,423 shares of the financial services provider’s stock valued at $509,000 after purchasing an additional 5,300 shares in the last quarter. Finally, FMR LLC boosted its position in Stifel Financial by 18.8% during the third quarter. FMR LLC now owns 7,956,412 shares of the financial services provider’s stock valued at $747,107,000 after purchasing an additional 1,256,595 shares in the last quarter. Institutional investors own 82.01% of the company’s stock.

Wall Street Analyst Weigh In

SF has been the subject of a number of research analyst reports. Wells Fargo & Company increased their price target on Stifel Financial from $128.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Citigroup raised their price objective on Stifel Financial from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. JPMorgan Chase & Co. began coverage on Stifel Financial in a research report on Tuesday, December 10th. They set a “neutral” rating and a $120.00 price target for the company. TD Cowen lifted their price target on Stifel Financial from $100.00 to $105.00 and gave the company a “hold” rating in a research report on Thursday, October 24th. Finally, UBS Group raised their price objective on Stifel Financial from $116.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $117.71.

Stifel Financial Stock Performance

Shares of NYSE:SF opened at $110.61 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78. The business’s 50 day moving average price is $109.98 and its 200-day moving average price is $102.25. The firm has a market capitalization of $11.32 billion, a PE ratio of 17.73 and a beta of 1.11. Stifel Financial Corp. has a 1 year low of $72.78 and a 1 year high of $120.64.

Stifel Financial (NYSE:SF) last released its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.27. Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. As a group, equities research analysts expect that Stifel Financial Corp. will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.84 dividend on an annualized basis and a yield of 1.66%. This is a positive change from Stifel Financial’s previous quarterly dividend of $0.42. Stifel Financial’s payout ratio is 29.49%.

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.