Stifel Financial Corporation (SF) Director Sells $155,880.00 in Stock
Stifel Financial Corporation (NYSE:SF) Director Frederick O. Hanser sold 3,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $51.96, for a total transaction of $155,880.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Stifel Financial Corporation (NYSE:SF) traded down $0.37 on Friday, reaching $52.10. 394,241 shares of the company’s stock traded hands, compared to its average volume of 338,863. The stock has a market cap of $3,540.00, a PE ratio of 16.32, a P/E/G ratio of 1.27 and a beta of 1.70. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.68. Stifel Financial Corporation has a fifty-two week low of $41.93 and a fifty-two week high of $56.62.
Stifel Financial Corporation (NYSE:SF) last announced its quarterly earnings results on Monday, October 30th. The financial services provider reported $0.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.06. The business had revenue of $721.20 million during the quarter, compared to analysts’ expectations of $701.12 million. Stifel Financial Corporation had a net margin of 7.61% and a return on equity of 9.78%. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.69 EPS. analysts predict that Stifel Financial Corporation will post 3.44 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.40 annualized dividend and a yield of 0.77%. Stifel Financial Corporation’s payout ratio is currently 15.94%.
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Hedge funds and other institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio raised its holdings in 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 worth $109,000 after purchasing an additional 113 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in Stifel Financial Corporation in the 3rd quarter worth $137,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Stifel Financial Corporation by 9.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,570 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 212 shares in the last quarter. Pacad Investment Ltd. raised its holdings in Stifel Financial Corporation by 442.9% in the 2nd quarter. Pacad Investment Ltd. now owns 3,800 shares of the financial services provider’s stock worth $175,000 after purchasing an additional 3,100 shares in the last quarter. Finally, Riverhead Capital Management LLC raised its holdings in Stifel Financial Corporation by 91.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,827 shares of the financial services provider’s stock worth $176,000 after purchasing an additional 1,827 shares in the last quarter. Institutional investors and hedge funds own 86.64% of the company’s stock.
A number of equities research analysts have recently issued reports on the stock. BidaskClub raised shares of Stifel Financial Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research raised shares of Stifel Financial Corporation from a “sell” rating to a “buy” rating and set a $57.00 price objective for the company in a research note on Thursday, August 3rd. JMP Securities reissued a “neutral” rating on shares of Stifel Financial Corporation in a research report on Friday, August 18th. TheStreet raised shares of Stifel Financial Corporation from a “c+” rating to a “b” rating in a research report on Monday, July 31st. Finally, Nomura increased their price target on shares of Stifel Financial Corporation from $56.00 to $58.00 and gave the company a “neutral” rating in a research report on Tuesday, October 31st. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $56.33.
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.
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