Texas Permanent School Fund Sells 664 Shares of Stifel Financial Corp (NYSE:SF)

Texas Permanent School Fund lowered its position in Stifel Financial Corp (NYSE:SF) by 1.4% in the 3rd quarter, Holdings Channel reports. The firm owned 47,362 shares of the financial services provider’s stock after selling 664 shares during the quarter. Texas Permanent School Fund’s holdings in Stifel Financial were worth $2,718,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Northern Trust Corp raised its stake in shares of Stifel Financial by 1.5% during the second quarter. Northern Trust Corp now owns 1,660,653 shares of the financial services provider’s stock valued at $98,077,000 after acquiring an additional 24,677 shares in the last quarter. Earnest Partners LLC raised its stake in shares of Stifel Financial by 2.2% during the second quarter. Earnest Partners LLC now owns 1,620,770 shares of the financial services provider’s stock valued at $95,723,000 after acquiring an additional 34,140 shares in the last quarter. Invesco Ltd. raised its stake in shares of Stifel Financial by 79.1% during the second quarter. Invesco Ltd. now owns 1,476,082 shares of the financial services provider’s stock valued at $87,177,000 after acquiring an additional 651,701 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of Stifel Financial by 70.5% during the second quarter. Prudential Financial Inc. now owns 1,198,061 shares of the financial services provider’s stock valued at $70,758,000 after acquiring an additional 495,421 shares in the last quarter. Finally, Nuveen Asset Management LLC bought a new stake in shares of Stifel Financial during the second quarter valued at approximately $42,459,000. 86.29% of the stock is owned by institutional investors and hedge funds.

SF has been the subject of several research analyst reports. ValuEngine downgraded shares of Stifel Financial from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. Zacks Investment Research raised shares of Stifel Financial from a “sell” rating to a “hold” rating in a research note on Saturday, September 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $62.60.

Stifel Financial stock opened at $60.50 on Friday. The company has a 50 day moving average price of $55.86 and a 200-day moving average price of $56.55. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 0.74. Stifel Financial Corp has a fifty-two week low of $38.39 and a fifty-two week high of $61.94. The company has a market capitalization of $4.20 billion, a PE ratio of 11.46, a P/E/G ratio of 1.77 and a beta of 1.88.

Stifel Financial (NYSE:SF) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.03. Stifel Financial had a net margin of 13.55% and a return on equity of 14.84%. The firm had revenue of $821.50 million during the quarter, compared to the consensus estimate of $798.53 million. During the same quarter in the previous year, the firm posted $1.35 earnings per share. The company’s revenue was up 11.3% on a year-over-year basis.

In related news, Director John P. Dubinsky sold 1,500 shares of Stifel Financial stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $54.71, for a total transaction of $82,065.00. Following the transaction, the director now directly owns 27,456 shares of the company’s stock, valued at $1,502,117.76. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert Edward Grady sold 2,500 shares of Stifel Financial stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $53.45, for a total transaction of $133,625.00. Following the transaction, the director now directly owns 11,307 shares in the company, valued at $604,359.15. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,298 shares of company stock worth $1,501,117. 3.77% of the stock is currently owned by corporate insiders.

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, the United Kingdom, rest of Europe, and Asia. The company operates through three segments: Global Wealth Management, Institutional Group, and Other.

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Institutional Ownership by Quarter for Stifel Financial (NYSE:SF)

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