New York State Common Retirement Fund Has $63.26 Million Holdings in Stifel Financial Corp. (NYSE:SF)

New York State Common Retirement Fund trimmed its position in shares of Stifel Financial Corp. (NYSE:SF) by 6.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 673,697 shares of the financial services provider’s stock after selling 49,963 shares during the period. New York State Common Retirement Fund’s holdings in Stifel Financial were worth $63,260,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC increased its position in 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. Tributary Capital Management LLC increased its position in Stifel Financial by 1.0% during the 3rd quarter. Tributary Capital Management LLC now owns 12,603 shares of the financial services provider’s stock valued at $1,183,000 after purchasing an additional 126 shares during the period. CWM LLC increased its position in Stifel Financial by 3.8% during the 3rd quarter. CWM LLC now owns 3,940 shares of the financial services provider’s stock valued at $370,000 after purchasing an additional 145 shares during the period. Delphi Management Inc. MA increased its position in Stifel Financial by 0.8% during the 2nd quarter. Delphi Management Inc. MA now owns 22,778 shares of the financial services provider’s stock valued at $1,917,000 after purchasing an additional 176 shares during the period. Finally, Busey Bank increased its position in Stifel Financial by 7.0% during the 3rd quarter. Busey Bank now owns 3,006 shares of the financial services provider’s stock valued at $282,000 after purchasing an additional 196 shares during the period. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SF shares. TD Cowen lifted their price objective on shares of Stifel Financial from $100.00 to $105.00 and gave the company a “hold” rating in a research note on Thursday, October 24th. Wells Fargo & Company lifted their price objective on shares of Stifel Financial from $108.00 to $113.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. StockNews.com lowered shares of Stifel Financial from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Wolfe Research lowered shares of Stifel Financial from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 22nd. Finally, JMP Securities lifted their price objective on shares of Stifel Financial from $105.00 to $110.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 9th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Stifel Financial presently has an average rating of “Hold” and a consensus target price of $100.33.

Stifel Financial Price Performance

SF opened at $103.27 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.80. The company has a market capitalization of $10.59 billion, a price-to-earnings ratio of 18.67 and a beta of 1.08. The firm’s fifty day moving average price is $93.51 and its two-hundred day moving average price is $85.72. Stifel Financial Corp. has a 1 year low of $57.69 and a 1 year high of $106.10.

Stifel Financial (NYSE:SF) last issued its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.10). The company 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 15.11% and a net margin of 12.98%. Stifel Financial’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same period last year, the firm posted $0.60 earnings per share. As a group, analysts anticipate that Stifel Financial Corp. will post 6.44 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Monday, December 2nd. Stifel Financial’s dividend payout ratio is currently 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.