Key Points
- Insider sale: David Rubulotta sold 400 shares of Stifel Financial at an average price of $124.31 on Feb. 2, reducing his ownership by 28.74% to 992 shares (roughly $49,724 proceeds).
- Stock split: Stifel Financial will execute a 3-for-2 stock split before the market opens on Feb. 27, with new shares issued after the close on Feb. 26.
- Dividend increase and earnings beat: The company raised its quarterly dividend to $0.51 (ex-dividend Mar. 2, payable Mar. 16) and reported $2.63 EPS vs. $2.48 expected, with revenue up 14.4% year-over-year.
Stifel Financial Corporation (NYSE:SF - Get Free Report) insider David Rubulotta sold 400 shares of the stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $124.31, for a total transaction of $49,724.00. Following the transaction, the insider owned 992 shares in the company, valued at $123,315.52. This trade represents a 28.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Stifel Financial Price Performance
SF opened at $128.79 on Thursday. The company has a market capitalization of $13.11 billion, a P/E ratio of 21.90 and a beta of 1.13. The company has a 50-day moving average of $127.40 and a 200-day moving average of $119.07. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.79 and a current ratio of 0.84. Stifel Financial Corporation has a 1-year low of $73.27 and a 1-year high of $134.74.
Stifel Financial's stock is scheduled to split before the market opens on Friday, February 27th. The 3-2 split was announced on Tuesday, January 27th. The newly minted shares will be issued to shareholders after the market closes on Thursday, February 26th.
Stifel Financial (NYSE:SF - Get Free Report) last issued its earnings results on Wednesday, January 28th. The financial services provider reported $2.63 EPS for the quarter, topping the consensus estimate of $2.48 by $0.15. Stifel Financial had a return on equity of 15.80% and a net margin of 12.37%.The company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the firm earned $2.23 EPS. The business's revenue was up 14.4% on a year-over-year basis. Equities analysts expect that Stifel Financial Corporation will post 8.26 EPS for the current fiscal year.
Stifel Financial Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be paid a dividend of $0.51 per share. The ex-dividend date is Monday, March 2nd. This is a positive change from Stifel Financial's previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 1.6%. Stifel Financial's payout ratio is presently 34.69%.
Institutional Trading of Stifel Financial
Large investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP raised its stake in Stifel Financial by 13.8% during the 3rd quarter. Wellington Management Group LLP now owns 3,451,787 shares of the financial services provider's stock valued at $391,674,000 after purchasing an additional 419,038 shares during the last quarter. Boston Partners boosted its position in shares of Stifel Financial by 2.0% in the 3rd quarter. Boston Partners now owns 2,371,880 shares of the financial services provider's stock worth $269,128,000 after purchasing an additional 45,631 shares during the last quarter. Geode Capital Management LLC increased its stake in Stifel Financial by 0.5% in the second quarter. Geode Capital Management LLC now owns 1,797,528 shares of the financial services provider's stock valued at $186,578,000 after purchasing an additional 9,188 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Stifel Financial by 26.8% during the third quarter. AQR Capital Management LLC now owns 1,485,503 shares of the financial services provider's stock worth $168,560,000 after purchasing an additional 314,031 shares during the period. Finally, Norges Bank acquired a new position in Stifel Financial in the 2nd quarter worth $143,377,000. 82.01% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on the stock. Citigroup reissued an "outperform" rating on shares of Stifel Financial in a report on Monday, January 12th. Stifel Nicolaus set a $138.00 target price on Stifel Financial in a research report on Wednesday, January 14th. JPMorgan Chase & Co. boosted their price target on shares of Stifel Financial from $133.00 to $136.00 and gave the company a "neutral" rating in a report on Thursday, January 8th. Citizens Jmp upped their price target on shares of Stifel Financial from $140.00 to $155.00 and gave the stock a "market outperform" rating in a research report on Monday, January 12th. Finally, UBS Group set a $150.00 price objective on shares of Stifel Financial and gave the company a "buy" rating in a research report on Thursday, December 11th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $135.18.
Get Our Latest Analysis on Stifel Financial
Stifel Financial Company Profile
(
Get Free Report)
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.
Further Reading
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