Mark P. Fisher Sells 5,000 Shares of Stifel Financial Corporation (NYSE:SF) Stock

Stifel Financial Corporation (NYSE:SF) VP Mark P. Fisher sold 5,000 shares of Stifel Financial 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 completion of the transaction, the vice president now directly owns 21,369 shares of the company’s stock, valued at $1,117,598.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of Stifel Financial Corporation (NYSE:SF) traded up $0.99 during trading hours on Thursday, hitting $59.27. 339,152 shares of the stock were exchanged, compared to its average volume of 422,529. The firm has a market cap of $3,995.75, a price-to-earnings ratio of 18.18, a P/E/G ratio of 1.41 and a beta of 1.70. Stifel Financial Corporation has a 12 month low of $41.93 and a 12 month high of $60.92. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.68.

Stifel Financial (NYSE:SF) last issued its quarterly earnings results on Monday, October 30th. The financial services provider reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.06. The company had revenue of $721.20 million during 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 business’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.69 EPS. equities analysts forecast that Stifel Financial Corporation will post 3.45 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.10 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.67%. Stifel Financial’s payout ratio is currently 15.94%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SF. Stifel Financial Corp raised its holdings in shares of Stifel Financial by 1,010.0% in the 3rd quarter. Stifel Financial Corp now owns 1,373,271 shares of the financial services provider’s stock worth $73,418,000 after purchasing an additional 1,249,556 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Stifel Financial by 22.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,804,119 shares of the financial services provider’s stock worth $128,934,000 after purchasing an additional 519,247 shares in the last quarter. Macquarie Group Ltd. raised its holdings in shares of Stifel Financial by 19.2% in the 2nd quarter. Macquarie Group Ltd. now owns 2,174,947 shares of the financial services provider’s stock worth $100,004,000 after purchasing an additional 350,536 shares in the last quarter. American Century Companies Inc. bought a new stake in shares of Stifel Financial in the 3rd quarter worth approximately $18,226,000. Finally, Balyasny Asset Management LLC raised its holdings in shares of Stifel Financial by 269.1% in the 2nd quarter. Balyasny Asset Management LLC now owns 351,021 shares of the financial services provider’s stock worth $16,140,000 after purchasing an additional 255,913 shares in the last quarter. Institutional investors and hedge funds own 88.58% of the company’s stock.

SF has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Stifel Financial from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research note on Thursday, October 5th. BidaskClub lowered shares of Stifel Financial from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Nomura boosted their target price on shares of Stifel Financial from $56.00 to $58.00 and gave the company a “neutral” rating in a research note on Tuesday, October 31st. JMP Securities reissued a “neutral” rating on shares of Stifel Financial in a research note on Friday, August 18th. Finally, Wells Fargo & Company raised shares of Stifel Financial from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $56.00 to $64.00 in a research note on Friday, December 1st. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Stifel Financial has an average rating of “Hold” and a consensus target price of $58.67.

ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by The Lincolnian Online and is owned by of The Lincolnian Online. If you are reading this piece of content on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The correct version of this piece of content can be viewed at https://www.thelincolnianonline.com/2017/12/07/mark-p-fisher-sells-5000-shares-of-stifel-financial-corporation-sf-stock-updated-updated.html.

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.

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

Receive News & Ratings for Stifel Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stifel Financial Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply