Stifel Financial Corp (NYSE:SF) Director Sells $114,500.00 in Stock

Stifel Financial Corp (NYSE:SF) Director John P. Dubinsky sold 2,000 shares of Stifel Financial stock in a transaction on Wednesday, June 19th. The shares were sold at an average price of $57.25, for a total value of $114,500.00. Following the sale, the director now directly owns 28,956 shares of the company’s stock, valued at approximately $1,657,731. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

NYSE SF opened at $56.18 on Monday. Stifel Financial Corp has a twelve month low of $38.39 and a twelve month high of $59.93. The company has a current ratio of 0.72, a quick ratio of 0.65 and a debt-to-equity ratio of 0.70. The stock has a market cap of $3.98 billion, a price-to-earnings ratio of 10.64, a PEG ratio of 1.64 and a beta of 1.87.

Stifel Financial (NYSE:SF) last released its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $1.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.11. Stifel Financial had a return on equity of 14.77% and a net margin of 13.28%. The business had revenue of $770.40 million for the quarter, compared to the consensus estimate of $745.21 million. During the same quarter last year, the business posted $1.15 earnings per share. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, analysts predict that Stifel Financial Corp will post 5.7 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.60 dividend on an annualized basis and a yield of 1.07%. Stifel Financial’s payout ratio is 11.36%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its position in Stifel Financial by 2.5% during the fourth quarter. BlackRock Inc. now owns 8,256,150 shares of the financial services provider’s stock valued at $341,970,000 after purchasing an additional 203,597 shares in the last quarter. Macquarie Group Ltd. raised its position in Stifel Financial by 17.8% during the fourth quarter. Macquarie Group Ltd. now owns 3,143,933 shares of the financial services provider’s stock valued at $130,222,000 after purchasing an additional 474,379 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Stifel Financial by 6.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,902,555 shares of the financial services provider’s stock valued at $120,224,000 after purchasing an additional 187,187 shares in the last quarter. Northern Trust Corp raised its position in Stifel Financial by 1.1% during the first quarter. Northern Trust Corp now owns 1,635,976 shares of the financial services provider’s stock valued at $86,314,000 after purchasing an additional 18,599 shares in the last quarter. Finally, Stifel Financial Corp raised its position in Stifel Financial by 1.8% during the fourth quarter. Stifel Financial Corp now owns 1,538,554 shares of the financial services provider’s stock valued at $63,724,000 after purchasing an additional 26,928 shares in the last quarter. Institutional investors and hedge funds own 86.26% of the company’s stock.

Several research firms recently issued reports on SF. Goldman Sachs Group raised Stifel Financial from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $55.00 to $70.00 in a research note on Thursday, May 9th. JMP Securities lifted their price objective on Stifel Financial from $61.00 to $65.00 and gave the company a “market outperform” rating in a research note on Monday, April 8th. Zacks Investment Research lowered Stifel Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 4th. Compass Point began coverage on Stifel Financial in a research note on Thursday, May 30th. They set a “buy” rating and a $65.00 price objective for the company. Finally, ValuEngine raised Stifel Financial from a “sell” rating to a “hold” rating in a research note on Friday, March 1st. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Stifel Financial currently has an average rating of “Buy” and an average target price of $62.67.

Stifel Financial Company Profile

Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States, the United Kingdom, rest of Europe, and Asia. The company operates through three segments: Global Wealth Management, Institutional Group, and Other.

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