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%.
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.
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