Stifel Financial Corp. (SF) Shares Up 2.3%
Stifel Financial Corp. (NYSE:SF)’s share price shot up 2.3% during mid-day trading on Friday . The company traded as high as $38.65 and last traded at $38.52, with a volume of 239,729 shares changing hands. The stock had previously closed at $37.64.
A number of brokerages have issued reports on SF. Nomura decreased 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. Zacks Investment Research lowered Stifel Financial Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, June 22nd. Finally, Credit Suisse Group AG reaffirmed a “sell” rating on shares of Stifel Financial Corp. in a research note on Tuesday, May 10th. Three equities research analysts have rated the stock with a sell rating, one has issued 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 an average target price of $37.86.
The company has a market capitalization of $2.54 billion and a price-to-earnings ratio of 45.44. The firm has a 50 day moving average of $35.11 and a 200-day moving average of $32.94.
Stifel Financial Corp. (NYSE:SF) last announced its quarterly earnings results on Tuesday, August 2nd. The financial services provider reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.11. The business had revenue of $652.10 million for the quarter, compared to the consensus estimate of $615.82 million. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.71 EPS. On average, equities research analysts anticipate that Stifel Financial Corp. will post $2.53 earnings per share for the current year.
In other news, Director Allen Brautigam sold 2,725 shares of Stifel Financial Corp. stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $36.94, for a total value of $100,661.50. Following the completion of the transaction, the director now owns 35,268 shares in the company, valued at $1,302,799.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kelvin R. Westbrook sold 4,500 shares of Stifel Financial Corp. stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $37.50, for a total transaction of $168,750.00. Following the completion of the transaction, the director now owns 8,509 shares of the company’s stock, valued at approximately $319,087.50. The disclosure for this sale can be found here.
Several hedge funds and institutional investors have recently bought and sold shares of SF. First Trust Advisors LP boosted its position in 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 period. Schroder Investment Management Group boosted its position in 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 period. Finally, Dimensional Fund Advisors LP boosted its position in 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 period.
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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