Stifel Financial (NYSE:SF) Director Maryam Brown Sells 4,700 Shares of Stock

Stifel Financial Corporation (NYSE:SF) Director Maryam Brown sold 4,700 shares of Stifel Financial stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $79.20, for a total value of $372,240.00. Following the sale, the director directly owned 5,729 shares in the company, valued at approximately $453,736.80. This trade represents a 45.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Stifel Financial Trading Up 2.9%

Stifel Financial stock opened at $84.80 on Wednesday. The business has a 50 day moving average price of $73.78 and a two-hundred day moving average price of $76.68. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 0.29. Stifel Financial Corporation has a 12 month low of $67.81 and a 12 month high of $89.83. The stock has a market cap of $13.01 billion, a price-to-earnings ratio of 15.18 and a beta of 1.01.

Stifel Financial (NYSE:SF) last announced its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.09. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. Stifel Financial had a return on equity of 19.32% and a net margin of 16.11%.Stifel Financial’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.71 EPS. As a group, equities analysts forecast that Stifel Financial Corporation will post 6.36 EPS for the current year.

Stifel Financial Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a dividend of $0.34 per share. The ex-dividend date was Monday, June 1st. This represents a $1.36 dividend on an annualized basis and a yield of 1.6%. Stifel Financial’s payout ratio is currently 24.33%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Fifth Third Bancorp lifted its holdings in Stifel Financial by 430.4% during the 1st quarter. Fifth Third Bancorp now owns 73,993 shares of the financial services provider’s stock valued at $5,470,000 after purchasing an additional 60,042 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Stifel Financial by 49.9% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 38,209 shares of the financial services provider’s stock worth $2,824,000 after buying an additional 12,727 shares during the last quarter. Heartland Advisors Inc. increased its holdings in shares of Stifel Financial by 56.3% during the first quarter. Heartland Advisors Inc. now owns 134,153 shares of the financial services provider’s stock worth $9,917,000 after buying an additional 48,346 shares in the last quarter. Horizon Investments LLC raised its stake in shares of Stifel Financial by 146.7% in the fourth quarter. Horizon Investments LLC now owns 63,089 shares of the financial services provider’s stock valued at $7,900,000 after acquiring an additional 37,516 shares during the last quarter. Finally, North Reef Capital Management LP bought a new position in shares of Stifel Financial in the first quarter valued at approximately $4,230,000. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SF has been the subject of a number of recent research reports. Zacks Research upgraded shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Stifel Financial in a research report on Friday, May 29th. UBS Group set a $90.00 target price on shares of Stifel Financial in a research note on Thursday, July 23rd. Finally, JPMorgan Chase & Co. increased their price target on shares of Stifel Financial from $80.00 to $86.00 and gave the stock a “neutral” rating in a research report on Thursday, July 23rd. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Stifel Financial has an average rating of “Moderate Buy” and a consensus target price of $91.67.

About Stifel Financial

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.