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.
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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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