Traders Buy Large Volume of Stifel Financial Put Options (NYSE:SF)

Stifel Financial Corp (NYSE:SF) saw some unusual options trading on Monday. Stock investors acquired 800 put options on the stock. This is an increase of approximately 900% compared to the average daily volume of 80 put options.

Shares of NYSE:SF opened at $55.67 on Wednesday. The business has a 50 day moving average price of $56.73. The company has a market capitalization of $3.98 billion, a price-to-earnings ratio of 10.54, a P/E/G ratio of 1.64 and a beta of 1.86. The company has a current ratio of 0.72, a quick ratio of 0.65 and a debt-to-equity ratio of 0.70. Stifel Financial has a 52-week low of $38.39 and a 52-week high of $59.93.

Stifel Financial (NYSE:SF) last announced its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.11. The business had revenue of $770.40 million for the quarter, compared to analyst estimates of $745.21 million. Stifel Financial had a return on equity of 14.77% and a net margin of 13.28%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.15 earnings per share. On average, equities research analysts expect that Stifel Financial will post 5.7 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend was Friday, May 31st. Stifel Financial’s dividend payout ratio (DPR) is presently 11.36%.

In related news, insider Victor Nesi sold 1,250 shares of the company’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $56.04, for a total transaction of $70,050.00. Following the sale, the insider now owns 184,910 shares in the company, valued at approximately $10,362,356.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James M. Oates sold 20,000 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $58.61, for a total value of $1,172,200.00. Following the sale, the director now owns 17,397 shares in the company, valued at approximately $1,019,638.17. The disclosure for this sale can be found here. In the last three months, insiders sold 23,250 shares of company stock valued at $1,356,750. Insiders own 3.77% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Stifel Financial by 2.5% in the fourth quarter. BlackRock Inc. now owns 8,256,150 shares of the financial services provider’s stock worth $341,970,000 after purchasing an additional 203,597 shares during the last quarter. Macquarie Group Ltd. raised its stake in shares of Stifel Financial by 17.8% in the fourth quarter. Macquarie Group Ltd. now owns 3,143,933 shares of the financial services provider’s stock worth $130,222,000 after purchasing an additional 474,379 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Stifel Financial by 6.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,902,555 shares of the financial services provider’s stock worth $120,224,000 after purchasing an additional 187,187 shares during the last quarter. Northern Trust Corp raised its stake in shares of Stifel Financial by 1.1% in the first quarter. Northern Trust Corp now owns 1,635,976 shares of the financial services provider’s stock worth $86,314,000 after purchasing an additional 18,599 shares during the last quarter. Finally, Stifel Financial Corp raised its stake in shares of Stifel Financial by 1.8% in the fourth quarter. Stifel Financial Corp now owns 1,538,554 shares of the financial services provider’s stock worth $63,724,000 after purchasing an additional 26,928 shares during the last quarter. 86.26% of the stock is owned by hedge funds and other institutional investors.

Several brokerages recently commented on SF. Goldman Sachs Group upgraded Stifel Financial from a “neutral” rating to a “buy” rating and upped their target price for the company from $55.00 to $70.00 in a research report on Thursday, May 9th. JMP Securities increased their price target on Stifel Financial from $61.00 to $65.00 and gave the stock a “market outperform” rating in a report on Monday, April 8th. Wells Fargo & Co increased their price target on Stifel Financial from $54.00 to $56.00 and gave the stock a “market perform” rating in a report on Friday, April 5th. Zacks Investment Research lowered Stifel Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 4th. Finally, ValuEngine upgraded Stifel Financial from a “sell” rating to a “hold” rating in a report on Friday, March 1st. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Stifel Financial has a consensus rating of “Buy” and an average price target of $62.67.

Stifel Financial Company Profile

Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States, the United Kingdom, rest of Europe, and Asia. The company operates through three segments: Global Wealth Management, Institutional Group, and Other.

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