Stifel Financial Corp. (SF) Director Victor Nesi Sells 25,000 Shares
Stifel Financial Corp. (NYSE:SF) Director Victor Nesi sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $50.20, for a total value of $1,255,000.00. Following the sale, the director now directly owns 139,373 shares in the company, valued at $6,996,524.60. The sale was disclosed in a filing with the SEC, which is available through this link.
Stifel Financial Corp. (NYSE:SF) traded down 0.32% during trading on Wednesday, hitting $50.60. The stock had a trading volume of 531,532 shares. Stifel Financial Corp. has a 12 month low of $25.00 and a 12 month high of $50.92. The company has a market cap of $3.35 billion, a PE ratio of 60.96 and a beta of 1.56. The company’s 50 day moving average is $41.26 and its 200-day moving average is $37.17.
Stifel Financial Corp. (NYSE:SF) last issued its quarterly earnings data on Wednesday, November 2nd. The financial services provider reported $0.69 EPS for the quarter, beating the consensus estimate of $0.62 by $0.07. Stifel Financial Corp. had a return on equity of 6.71% and a net margin of 2.64%. The company had revenue of $641.99 million for the quarter, compared to analyst estimates of $629.13 million. During the same period last year, the company earned $0.38 earnings per share. Stifel Financial Corp.’s quarterly revenue was up 8.5% compared to the same quarter last year. On average, equities research analysts predict that Stifel Financial Corp. will post $2.53 earnings per share for the current year.
Several analysts have recently issued reports on the company. Zacks Investment Research raised Stifel Financial Corp. from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 7th. Macquarie boosted their target price on Stifel Financial Corp. from $39.00 to $44.00 and gave the company an “outperform” rating in a research report on Friday, September 9th. Two analysts have rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the company. Stifel Financial Corp. presently has an average rating of “Buy” and a consensus price target of $40.00.
A number of hedge funds have recently modified their holdings of SF. Advisor Group Inc. acquired a new stake in shares of Stifel Financial Corp. during the second quarter valued at approximately $111,000. Paradigm Asset Management Co. LLC raised its stake in shares of Stifel Financial Corp. by 5.4% in the second quarter. Paradigm Asset Management Co. LLC now owns 3,900 shares of the financial services provider’s stock valued at $123,000 after buying an additional 200 shares during the last quarter. LS Investment Advisors LLC raised its stake in shares of Stifel Financial Corp. by 68.3% in the second quarter. LS Investment Advisors LLC now owns 4,003 shares of the financial services provider’s stock valued at $126,000 after buying an additional 1,624 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in shares of Stifel Financial Corp. during the second quarter valued at approximately $152,000. Finally, Bank of Montreal Can acquired a new stake in shares of Stifel Financial Corp. during the second quarter valued at approximately $168,000. 85.24% of the stock is currently owned by institutional investors.
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Stifel Financial Corp. 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. Its principal activities are private client services, including securities transaction and financial planning services; institutional equity and fixed income sales, trading, research and municipal finance; investment banking services, including mergers and acquisitions, public offerings and private placements, and retail and commercial banking, including personal and commercial lending programs.
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