Stifel Financial Corporation (NYSE:SF) VP Mark P. Fisher sold 5,000 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $52.30, for a total transaction of $261,500.00. Following the sale, the vice president now directly owns 21,369 shares of the company’s stock, valued at approximately $1,117,598.70. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of Stifel Financial Corporation (NYSE SF) traded down $0.08 during trading hours on Wednesday, hitting $58.28. 307,540 shares of the company traded hands, compared to its average volume of 422,938. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.68. The stock has a market cap of $4,114.88, a P/E ratio of 18.72, a PEG ratio of 1.45 and a beta of 1.70. Stifel Financial Corporation has a fifty-two week low of $41.93 and a fifty-two week high of $60.92.
Stifel Financial (NYSE:SF) last released its quarterly earnings data on Monday, October 30th. The financial services provider reported $0.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.06. The firm had revenue of $721.20 million for the quarter, compared to analyst estimates of $701.12 million. Stifel Financial had a net margin of 7.61% and a return on equity of 9.78%. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.69 EPS. sell-side analysts predict that Stifel Financial Corporation will post 3.45 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a $0.10 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.40 annualized dividend and a yield of 0.69%. Stifel Financial’s dividend payout ratio is presently 15.94%.
Several institutional investors and hedge funds have recently made changes to their positions in SF. AQR Capital Management LLC acquired a new position in shares of Stifel Financial during the 1st quarter worth $992,000. Capstone Asset Management Co. increased its stake in shares of Stifel Financial by 12.1% during the 2nd quarter. Capstone Asset Management Co. now owns 7,690 shares of the financial services provider’s stock worth $354,000 after purchasing an additional 830 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Stifel Financial by 9.3% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 25,330 shares of the financial services provider’s stock worth $1,165,000 after purchasing an additional 2,151 shares during the last quarter. LS Investment Advisors LLC increased its stake in shares of Stifel Financial by 16.6% during the 2nd quarter. LS Investment Advisors LLC now owns 5,369 shares of the financial services provider’s stock worth $247,000 after purchasing an additional 765 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in shares of Stifel Financial by 1.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 9,920 shares of the financial services provider’s stock worth $429,000 after purchasing an additional 150 shares during the last quarter. Institutional investors own 88.58% of the company’s stock.
Several research analysts have commented on the stock. Wells Fargo & Company upgraded shares of Stifel Financial from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $56.00 to $64.00 in a research report on Friday, December 1st. Nomura upped their price target on shares of Stifel Financial from $56.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 31st. Zacks Investment Research raised shares of Stifel Financial from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a research note on Thursday, October 5th. JMP Securities reaffirmed a “neutral” rating on shares of Stifel Financial in a research note on Friday, August 18th. Finally, BidaskClub lowered shares of Stifel Financial from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $58.67.
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About Stifel Financial
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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