Stifel Financial Corp. (NYSE:SF) Director Sells $1,038,700.00 in Stock

Stifel Financial Corp. (NYSE:SF) Director David A. Peacock sold 13,000 shares of Stifel Financial stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $79.90, for a total value of $1,038,700.00. Following the sale, the director now directly owns 18,646 shares in the company, valued at $1,489,815.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Stifel Financial Stock Up 1.2 %

Shares of NYSE:SF opened at $81.77 on Monday. The company has a 50 day moving average price of $76.43 and a two-hundred day moving average price of $70.25. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.79 and a current ratio of 0.82. The company has a market capitalization of $8.41 billion, a PE ratio of 18.58 and a beta of 1.14. Stifel Financial Corp. has a 52 week low of $54.81 and a 52 week high of $82.14.

Stifel Financial (NYSE:SF) last announced its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.13). The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.14 billion. Stifel Financial had a net margin of 11.34% and a return on equity of 12.39%. Stifel Financial’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the firm earned $1.40 EPS. Analysts forecast that Stifel Financial Corp. will post 7.04 earnings per share for the current year.

Stifel Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $0.42 dividend. This is an increase from Stifel Financial’s previous quarterly dividend of $0.36. This represents a $1.68 annualized dividend and a dividend yield of 2.05%. The ex-dividend date was Thursday, February 29th. Stifel Financial’s dividend payout ratio is 38.18%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. TD Cowen lifted their price objective on Stifel Financial from $86.50 to $92.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. UBS Group increased their price target on Stifel Financial from $74.00 to $78.00 and gave the stock a “neutral” rating in a research report on Monday, January 29th. Citigroup upped their target price on shares of Stifel Financial from $74.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. JMP Securities restated a “market outperform” rating and issued a $88.00 price target on shares of Stifel Financial in a research report on Tuesday, April 9th. Finally, StockNews.com upgraded Stifel Financial from a “buy” rating to a “strong-buy” rating in a report on Friday, April 26th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $84.50.

Institutional Trading of Stifel Financial

Several hedge funds have recently bought and sold shares of SF. FinTrust Capital Advisors LLC bought a new stake in shares of Stifel Financial during the third quarter worth $30,000. Fidelis Capital Partners LLC acquired a new position in Stifel Financial in the 1st quarter worth $32,000. First Horizon Advisors Inc. boosted its stake in Stifel Financial by 97.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 640 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 316 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in Stifel Financial by 39.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 730 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 206 shares during the period. Finally, Montag A & Associates Inc. boosted its stake in Stifel Financial by 336.2% in the 4th quarter. Montag A & Associates Inc. now owns 759 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 585 shares during the period. 82.01% of the stock is currently owned by institutional investors and hedge funds.

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 and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.