Stifel Financial Corp. (SF) Shares Gap Up to $37.37
Stifel Financial Corp. (NYSE:SF)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $37.19, but opened at $37.37. Stifel Financial Corp. shares last traded at $37.81, with a volume of 97,872 shares.
A number of equities analysts have recently commented on SF shares. Zacks Investment Research upgraded Stifel Financial Corp. from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research note on Wednesday, June 8th. Nomura reissued a “buy” rating on shares of Stifel Financial Corp. in a research report on Monday, July 11th. Finally, Credit Suisse Group AG reissued a “sell” rating on shares of Stifel Financial Corp. in a research report on Tuesday, May 10th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. Stifel Financial Corp. currently has an average rating of “Hold” and a consensus target price of $37.86.
The company has a market cap of $2.49 billion and a P/E ratio of 44.70. The firm’s 50 day moving average price is $34.65 and its 200-day moving average price is $32.87.
Stifel Financial Corp. (NYSE:SF) last posted its quarterly earnings data on Tuesday, August 2nd. The financial services provider reported $0.69 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.11. The business had revenue of $652.10 million for the quarter, compared to analyst estimates of $615.82 million. During the same quarter in the prior year, the company earned $0.71 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. On average, analysts predict that Stifel Financial Corp. will post $2.54 EPS for the current fiscal year.
In other news, Director Kelvin R. Westbrook sold 4,500 shares of the company’s stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $37.50, for a total value of $168,750.00. Following the sale, the director now directly owns 8,509 shares of the company’s stock, valued at approximately $319,087.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Allen Brautigam sold 2,725 shares of the company’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $36.94, for a total transaction of $100,661.50. Following the completion of the sale, the director now directly owns 35,268 shares in the company, valued at $1,302,799.92. The disclosure for this sale can be found here.
Several large investors have recently modified their holdings of the stock. First Trust Advisors LP boosted its stake in shares of Stifel Financial Corp. by 12.4% in the fourth quarter. First Trust Advisors LP now owns 24,971 shares of the financial services provider’s stock worth $1,058,000 after buying an additional 2,745 shares during the last quarter. Schroder Investment Management Group boosted its stake in shares of Stifel Financial Corp. by 5.7% in the fourth quarter. Schroder Investment Management Group now owns 512,796 shares of the financial services provider’s stock worth $21,722,000 after buying an additional 27,600 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Stifel Financial Corp. by 30.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,320,929 shares of the financial services provider’s stock worth $55,958,000 after buying an additional 307,217 shares during the last quarter.
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. Its principal activities are private client services, including securities transaction and financial planning services; institutional equity and fixed income sales, trading, research and municipal finance; investment banking services, including mergers and acquisitions, public offerings and private placements, and retail and commercial banking, including personal and commercial lending programs.
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