Stifel Financial Corporation (NYSE:SF)’s share price was down 5.6% during trading on Tuesday . The company traded as low as $45.57 and last traded at $45.75. Approximately 506,274 shares were traded during mid-day trading, an increase of 9% from the average daily volume of 463,720 shares. The stock had previously closed at $48.46.

A number of equities analysts recently commented on SF shares. Zacks Investment Research downgraded shares of Stifel Financial Corporation from a “buy” rating to a “sell” rating in a research note on Tuesday, May 16th. Instinet downgraded shares of Stifel Financial Corporation from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $60.00 to $51.00 in a research note on Tuesday, May 23rd. Nomura reissued a “neutral” rating on shares of Stifel Financial Corporation in a research note on Tuesday, May 23rd. BidaskClub raised shares of Stifel Financial Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Finally, TheStreet raised shares of Stifel Financial Corporation from a “c+” rating to a “b” rating in a research note on Monday, July 31st. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $53.33.

The company has a 50-day moving average price of $48.95 and a 200 day moving average price of $48.29. The firm has a market capitalization of $3.13 billion, a P/E ratio of 23.62 and a beta of 1.70.

Stifel Financial Corporation (NYSE:SF) last released its earnings results on Monday, July 31st. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.14. Stifel Financial Corporation had a net margin of 6.03% and a return on equity of 9.30%. The company had revenue of $725.60 million for the quarter, compared to analyst estimates of $689.67 million. During the same period in the prior year, the business earned $0.69 EPS. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. On average, analysts forecast that Stifel Financial Corporation will post $3.43 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.87%. Stifel Financial Corporation’s payout ratio is 20.73%.

In other news, Director Kelvin R. Westbrook sold 5,200 shares of the firm’s stock in a transaction on Friday, August 18th. The shares were sold at an average price of $48.08, for a total value of $250,016.00. Following the sale, the director now directly owns 6,684 shares in the company, valued at approximately $321,366.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frederick O. Hanser sold 4,000 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $50.00, for a total transaction of $200,000.00. Following the completion of the sale, the director now owns 33,255 shares in the company, valued at $1,662,750. The disclosure for this sale can be found here. 5.14% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Amalgamated Bank raised its holdings in shares of Stifel Financial Corporation by 0.3% in the 1st quarter. Amalgamated Bank now owns 9,058 shares of the financial services provider’s stock valued at $455,000 after purchasing an additional 23 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Stifel Financial Corporation by 0.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,990 shares of the financial services provider’s stock valued at $459,000 after purchasing an additional 35 shares in the last quarter. Neuberger Berman Group LLC raised its holdings in shares of Stifel Financial Corporation by 0.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 5,627 shares of the financial services provider’s stock valued at $259,000 after purchasing an additional 42 shares in the last quarter. LS Investment Advisors LLC raised its holdings in shares of Stifel Financial Corporation by 1.8% in the 1st quarter. LS Investment Advisors LLC now owns 4,604 shares of the financial services provider’s stock valued at $231,000 after purchasing an additional 83 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of Stifel Financial Corporation by 5.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,379 shares of the financial services provider’s stock valued at $109,000 after purchasing an additional 113 shares in the last quarter. Institutional investors and hedge funds own 87.11% of the company’s stock.

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Stifel Financial Corporation Company Profile

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. It operates through three segments: Global Wealth Management, Institutional Group and Other. The Global Wealth Management segment consists of the Private Client Group and Stifel Bank businesses.