Stifel Financial Corp. (SF) Shares Gap Up to $37.37
Stifel Financial Corp. (NYSE:SF) gapped up before the market opened 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 traded.
SF has been the subject of several research analyst reports. Zacks Investment Research upgraded Stifel Financial Corp. from a “sell” rating to a “hold” rating in a research note on Friday, May 13th. Nomura dropped their price target on Stifel Financial Corp. from $44.00 to $43.00 and set a “buy” rating for the company in a research note on Monday, July 11th. Finally, Credit Suisse Group AG restated a “sell” rating on shares of Stifel Financial Corp. in a research note on Tuesday, May 10th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $37.86.
The company has a market capitalization of $2.49 billion and a P/E ratio of 44.61. The firm has a 50 day moving average of $34.88 and a 200 day moving average of $32.90.
Stifel Financial Corp. (NYSE:SF) last issued its earnings results on Tuesday, August 2nd. The financial services provider reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.11. The business earned $652.10 million during the quarter, compared to analyst estimates of $615.82 million. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the business earned $0.71 EPS. On average, analysts expect that Stifel Financial Corp. will post $2.53 EPS for the current fiscal year.
In related news, Director Kelvin R. Westbrook sold 4,500 shares of the stock in a transaction on Wednesday, June 8th. The stock was sold at an average price of $37.50, for a total transaction of $168,750.00. Following the completion of the sale, the director now directly owns 8,509 shares in the company, valued at $319,087.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Allen Brautigam sold 2,725 shares of the stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $36.94, for a total value of $100,661.50. Following the sale, the director now owns 35,268 shares of the company’s stock, valued at $1,302,799.92. The disclosure for this sale can be found here.
Several hedge funds have recently made changes to their positions in SF. Dimensional Fund Advisors LP raised 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 valued at $55,958,000 after buying an additional 307,217 shares in the last quarter. Schroder Investment Management Group raised 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 valued at $21,722,000 after buying an additional 27,600 shares in the last quarter. Finally, First Trust Advisors LP raised 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 valued at $1,058,000 after buying an additional 2,745 shares in 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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