David Rubulotta Sells 400 Shares of Stifel Financial (NYSE:SF) Stock

Stifel Financial Corporation (NYSE:SF) insider David Rubulotta sold 400 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $124.31, for a total value of $49,724.00. Following the completion of the sale, the insider owned 992 shares in the company, valued at $123,315.52. This trade represents a 28.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Stifel Financial Stock Down 0.7%

Shares of NYSE:SF opened at $127.93 on Friday. The company’s fifty day moving average is $127.53 and its 200-day moving average is $119.13. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.79 and a current ratio of 0.84. Stifel Financial Corporation has a 52 week low of $73.27 and a 52 week high of $134.74. The company has a market capitalization of $13.03 billion, a PE ratio of 21.76 and a beta of 1.13.

Stifel Financial shares are going to split on the morning of Friday, February 27th. The 3-2 split was announced on Tuesday, January 27th. The newly minted shares will be issued to shareholders after the market closes on Thursday, February 26th.

Stifel Financial (NYSE:SF) last announced its quarterly earnings results on Wednesday, January 28th. The financial services provider reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.15. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.50 billion. Stifel Financial had a net margin of 12.37% and a return on equity of 15.80%. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. During the same period last year, the firm posted $2.23 EPS. Equities research analysts predict that Stifel Financial Corporation will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be given a dividend of $0.51 per share. This is a boost from Stifel Financial’s previous quarterly dividend of $0.46. The ex-dividend date is Monday, March 2nd. This represents a $2.04 dividend on an annualized basis and a yield of 1.6%. Stifel Financial’s dividend payout ratio is currently 31.29%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. TD Cowen reissued a “hold” rating on shares of Stifel Financial in a research note on Thursday, January 29th. JPMorgan Chase & Co. upped their price target on shares of Stifel Financial from $133.00 to $136.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Wolfe Research restated an “outperform” rating and issued a $149.00 price objective on shares of Stifel Financial in a research report on Wednesday, January 7th. Zacks Research downgraded shares of Stifel Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Stifel Financial in a research note on Wednesday, January 21st. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $135.18.

Institutional Trading of Stifel Financial

A number of institutional investors have recently modified their holdings of the company. Securian Asset Management Inc. raised its position in Stifel Financial by 1.3% in the 2nd quarter. Securian Asset Management Inc. now owns 7,837 shares of the financial services provider’s stock valued at $813,000 after buying an additional 100 shares during the last quarter. Essex Financial Services Inc. grew its stake in shares of Stifel Financial by 4.2% during the 3rd quarter. Essex Financial Services Inc. now owns 2,533 shares of the financial services provider’s stock worth $287,000 after acquiring an additional 102 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Stifel Financial by 2.7% in the second quarter. Nisa Investment Advisors LLC now owns 4,085 shares of the financial services provider’s stock valued at $424,000 after purchasing an additional 108 shares during the last quarter. State of Wyoming lifted its position in shares of Stifel Financial by 8.6% in the third quarter. State of Wyoming now owns 1,418 shares of the financial services provider’s stock worth $161,000 after purchasing an additional 112 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in Stifel Financial by 1.8% during the third quarter. B. Riley Wealth Advisors Inc. now owns 6,666 shares of the financial services provider’s stock worth $757,000 after purchasing an additional 115 shares during the last quarter. 82.01% of the stock is currently owned by institutional investors.

Stifel Financial Company Profile

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full‐service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research‐driven insights.

The firm’s main business activities are organized into two core segments: Private Client Group and Institutional Group.