Stifel Financial Corporation (SF) Director Sells $92,413.36 in Stock

Stifel Financial Corporation (NYSE:SF) Director James M. Oates sold 1,768 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $52.27, for a total value of $92,413.36. Following the completion of the transaction, the director now directly owns 28,640 shares of the company’s stock, valued at $1,497,012.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Stifel Financial Corporation (NYSE SF) opened at $52.47 on Friday. The firm has a market cap of $3,571.94, a price-to-earnings ratio of 16.25, a P/E/G ratio of 1.26 and a beta of 1.70. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.68. Stifel Financial Corporation has a 1-year low of $41.93 and a 1-year high of $56.62.

Stifel Financial Corporation (NYSE:SF) last announced its earnings results on Monday, October 30th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.06. Stifel Financial Corporation had a net margin of 7.61% and a return on equity of 9.78%. The firm had revenue of $721.20 million for the quarter, compared to analysts’ expectations of $701.12 million. During the same period in the prior year, the company earned $0.69 EPS. The business’s revenue was up 12.3% compared to the same quarter last year. analysts expect that Stifel Financial Corporation will post 3.44 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.76%. Stifel Financial Corporation’s dividend payout ratio is presently 15.94%.

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Institutional investors and hedge funds have recently made changes to their positions in the business. Janney Montgomery Scott LLC boosted its stake in Stifel Financial Corporation by 9.8% in the second quarter. Janney Montgomery Scott LLC now owns 87,873 shares of the financial services provider’s stock valued at $4,040,000 after acquiring an additional 7,817 shares in the last quarter. AXA raised its holdings in shares of Stifel Financial Corporation by 216.1% during the second quarter. AXA now owns 137,500 shares of the financial services provider’s stock worth $6,322,000 after purchasing an additional 94,000 shares during the last quarter. Arizona State Retirement System grew its position in Stifel Financial Corporation by 2.1% during the second quarter. Arizona State Retirement System now owns 28,900 shares of the financial services provider’s stock valued at $1,329,000 after buying an additional 600 shares during the period. Peregrine Capital Management LLC grew its position in Stifel Financial Corporation by 0.3% during the second quarter. Peregrine Capital Management LLC now owns 716,300 shares of the financial services provider’s stock valued at $32,935,000 after buying an additional 1,887 shares during the period. Finally, Russell Investments Group Ltd. grew its position in Stifel Financial Corporation by 70.3% during the second quarter. Russell Investments Group Ltd. now owns 6,230 shares of the financial services provider’s stock valued at $286,000 after buying an additional 2,572 shares during the period. Institutional investors own 86.64% of the company’s stock.

SF has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded Stifel Financial Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Nomura raised their price target on Stifel Financial Corporation from $56.00 to $58.00 and gave the company a “neutral” rating in a research report on Tuesday, October 31st. TheStreet raised Stifel Financial Corporation from a “c+” rating to a “b” rating in a research report on Monday, July 31st. BidaskClub lowered shares of Stifel Financial Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Finally, JMP Securities restated a “neutral” rating on shares of Stifel Financial Corporation in a report on Friday, August 18th. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $56.33.

About Stifel Financial Corporation

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. It operates through three segments: Global Wealth Management, Institutional Group and Other. The Global Wealth Management segment consists of the Private Client Group and Stifel Bank businesses.

Insider Buying and Selling by Quarter for Stifel Financial Corporation (NYSE:SF)

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