Stifel Financial Corp. (NYSE:SF - Get Free Report) Director David A. Peacock sold 13,000 shares of Stifel Financial stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $79.90, for a total value of $1,038,700.00. Following the sale, the director now directly owns 18,646 shares in the company, valued at approximately $1,489,815.40. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Stifel Financial Stock Up 1.2 %
SF stock opened at $81.76 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.82 and a quick ratio of 0.79. The firm has a market capitalization of $8.40 billion, a P/E ratio of 18.58 and a beta of 1.14. Stifel Financial Corp. has a 52-week low of $54.81 and a 52-week high of $82.14. The company's 50 day simple moving average is $76.43 and its 200-day simple moving average is $70.10.
Stifel Financial (NYSE:SF - Get Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.13). The firm had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.14 billion. Stifel Financial had a return on equity of 12.39% and a net margin of 11.34%. The company's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.40 earnings per share. As a group, equities research analysts anticipate that Stifel Financial Corp. will post 7.04 EPS for the current year.
Stifel Financial Increases Dividend
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The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.42 dividend. This is an increase from Stifel Financial's previous quarterly dividend of $0.36. This represents a $1.68 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend was Thursday, February 29th. Stifel Financial's dividend payout ratio is currently 38.18%.
Hedge Funds Weigh In On Stifel Financial
Several institutional investors and hedge funds have recently bought and sold shares of SF. FinTrust Capital Advisors LLC purchased a new position in shares of Stifel Financial during the 3rd quarter valued at $30,000. Fidelis Capital Partners LLC purchased a new position in Stifel Financial in the first quarter valued at about $32,000. First Horizon Advisors Inc. increased its position in Stifel Financial by 97.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 640 shares of the financial services provider's stock worth $39,000 after purchasing an additional 316 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in Stifel Financial by 39.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 730 shares of the financial services provider's stock worth $45,000 after purchasing an additional 206 shares during the last quarter. Finally, Montag A & Associates Inc. raised its stake in shares of Stifel Financial by 336.2% during the 4th quarter. Montag A & Associates Inc. now owns 759 shares of the financial services provider's stock worth $52,000 after purchasing an additional 585 shares in the last quarter. Hedge funds and other institutional investors own 82.01% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on SF. StockNews.com upgraded shares of Stifel Financial from a "buy" rating to a "strong-buy" rating in a research report on Friday, April 26th. TD Cowen raised their price objective on shares of Stifel Financial from $86.50 to $92.00 and gave the company an "outperform" rating in a research note on Friday, March 22nd. Citigroup boosted their target price on shares of Stifel Financial from $74.00 to $80.00 and gave the stock a "neutral" rating in a report on Thursday, April 11th. JMP Securities reiterated a "market outperform" rating and set a $88.00 price objective on shares of Stifel Financial in a research report on Tuesday, April 9th. Finally, UBS Group lifted their target price on Stifel Financial from $74.00 to $78.00 and gave the stock a "neutral" rating in a report on Monday, January 29th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $84.50.
View Our Latest Analysis on SF
About Stifel Financial
(
Get Free Report)
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 and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.
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