July 6, 2025

Texas Teacher Retirement System Increases Stake in Stifel Financial

News Summary

The Teacher Retirement System of Texas has boosted its investment in Stifel Financial Corporation by 125.5%, now holding 78,915 shares worth approximately $7.4 million. Other institutional investors are also increasing their stakes, with significant movements from FMR LLC and Wellington Management. Amid insider trading activity and varied analyst ratings, Stifel Financial is navigating a fluctuating stock performance, recently opening at $109.20.

Texas – The Teacher Retirement System of Texas has significantly increased its investment in Stifel Financial Corporation, boosting its holdings by an impressive 125.5% in the first quarter of 2023. According to a 13F filing with the Securities and Exchange Commission (SEC), the retirement system now owns 78,915 shares of Stifel Financial, following the acquisition of an additional 43,925 shares during the quarter.

The total value of the Teacher Retirement System of Texas’s stake in Stifel Financial is estimated at $7,439,000, which constitutes approximately 0.08% of the company’s total equity. This strategic investment reflects a growing confidence in Stifel Financial as it continues to be a key player in the finance sector.

In addition to the Teacher Retirement System of Texas, other institutional investors have also adjusted their holdings in Stifel Financial during the same period. Notably, FMR LLC raised its ownership in Stifel Financial by 8.5% in the previous quarter (Q4), bringing its total shares to 8,628,832, valued at approximately $915,346,000. Similarly, Wellington Management Group LLP increased its holdings by 32.2%, now owning 2,588,964 shares worth around $274,637,000.

Norges Bank made a substantial move by acquiring a new position in Stifel Financial, valued at about $137,448,000, while Invesco Ltd. raised its stake by 18.2%, now holding 1,207,465 shares, valued at $128,088,000. Moreover, Northern Trust Corp increased its holdings by 14.8%, owning 1,128,978 shares worth approximately $119,762,000. Collectively, institutional investors dominate the stock ownership of Stifel Financial, holding 82.01% of the company’s shares.

However, not all movements have been upwards. Director Michael J. Zimmerman recently sold 10,000 shares of Stifel Financial at an average price of $96.69, totaling $966,900. Following this transaction, Zimmerman’s remaining shares total 45,833, valued at around $4,431,592.77, representing a 17.91% decrease in his ownership.

Analysts have mixed views on Stifel Financial’s performance, with the company currently holding one sell rating, five hold ratings, and three buy ratings. The consensus rating among analysts reflects a “Hold” stance with an average target price of $105.50. The stock opened at $109.20 on a recent trading day, having experienced a 52-week low of $73.27 and a high of $120.64.

As for recent earnings, Stifel Financial reported $0.49 earnings per share (EPS) for the latest quarter, which fell short of the analysts’ expectations of $1.64 by $1.15. The company’s revenue for the quarter stood at $1.26 billion, below the consensus estimate of $1.32 billion, yet still reflecting a 7.9% increase year-over-year.

Furthermore, Stifel Financial has declared a quarterly dividend of $0.46 per share, leading to an annualized dividend of $1.84 and a yield of 1.68%. The ex-dividend date was established on June 2nd, with a current payout ratio of 35.18%.

Stifel Financial operates across three main segments: Global Wealth Management, Institutional Group, and Other. The company’s market capitalization now sits at approximately $11.22 billion. It maintains a debt-to-equity ratio of 0.28, a quick ratio of 0.77, and a current ratio of 0.81, with a P/E ratio of 20.88 and a beta of 1.09. The 50-day and 200-day simple moving averages are at $96.22 and $99.43, respectively.

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