Maryam Brown Sells 4,700 Shares of Stifel Financial (NYSE:SF) Stock

Stifel Financial Corporation (NYSE:SF) Director Maryam Brown sold 4,700 shares of the stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $79.20, for a total transaction of $372,240.00. Following the completion of the transaction, the director directly owned 5,729 shares of the company’s stock, valued at approximately $453,736.80. The trade was a 45.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Stifel Financial Stock Performance

NYSE SF opened at $81.97 on Thursday. The firm’s fifty day moving average price is $73.95 and its two-hundred day moving average price is $76.65. The stock has a market cap of $12.57 billion, a PE ratio of 14.67 and a beta of 1.01. Stifel Financial Corporation has a fifty-two week low of $67.81 and a fifty-two week high of $89.83. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 0.85.

Stifel Financial (NYSE:SF) last announced its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.09. Stifel Financial had a net margin of 16.11% and a return on equity of 19.32%. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the prior year, the business earned $1.71 earnings per share. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. On average, equities analysts expect that Stifel Financial Corporation will post 6.36 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Stifel Financial from $80.00 to $86.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. UBS Group set a $90.00 price objective on shares of Stifel Financial in a research report on Thursday, July 23rd. Zacks Research raised Stifel Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Stifel Financial in a research note on Friday, May 29th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $91.67.

Institutional Trading of Stifel Financial

Institutional investors have recently made changes to their positions in the company. Fifth Third Bancorp increased its position in shares of Stifel Financial by 430.4% during the first quarter. Fifth Third Bancorp now owns 73,993 shares of the financial services provider’s stock valued at $5,470,000 after acquiring an additional 60,042 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Stifel Financial by 49.9% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 38,209 shares of the financial services provider’s stock worth $2,824,000 after purchasing an additional 12,727 shares during the last quarter. Heartland Advisors Inc. boosted its position in Stifel Financial by 56.3% in the first quarter. Heartland Advisors Inc. now owns 134,153 shares of the financial services provider’s stock worth $9,917,000 after purchasing an additional 48,346 shares during the last quarter. Horizon Investments LLC grew its stake in Stifel Financial by 146.7% in the 4th quarter. Horizon Investments LLC now owns 63,089 shares of the financial services provider’s stock valued at $7,900,000 after purchasing an additional 37,516 shares during the period. Finally, North Reef Capital Management LP bought a new position in Stifel Financial in the 1st quarter valued at $4,230,000. Institutional investors own 82.01% of the company’s stock.

About Stifel Financial

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full‐service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research‐driven insights.

The firm’s main business activities are organized into two core segments: Private Client Group and Institutional Group.