David M. Minnick Sells 10,000 Shares of Stifel Financial Corp. (SF) Stock
Stifel Financial Corp. (NYSE:SF) General Counsel David M. Minnick sold 10,000 shares of Stifel Financial Corp. stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $50.20, for a total value of $502,000.00. Following the transaction, the general counsel now directly owns 4,193 shares in the company, valued at approximately $210,488.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Shares of Stifel Financial Corp. (NYSE:SF) opened at 50.60 on Friday. Stifel Financial Corp. has a 12-month low of $25.00 and a 12-month high of $50.92. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 60.96 and a beta of 1.56. The company has a 50-day moving average price of $41.58 and a 200 day moving average price of $37.27.
Stifel Financial Corp. (NYSE:SF) last released its earnings results on Wednesday, November 2nd. The financial services provider reported $0.69 earnings per share 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 firm had revenue of $641.99 million for the quarter, compared to analyst estimates of $629.13 million. During the same quarter in the prior year, the firm posted $0.38 earnings per share. The company’s quarterly revenue was up 8.5% on a year-over-year basis. Equities research analysts expect that Stifel Financial Corp. will post $2.53 earnings per share for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in SF. Advisor Group Inc. bought a new position in Stifel Financial Corp. during the second quarter valued at $111,000. Paradigm Asset Management Co. LLC raised its position in 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 position in 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. bought a new position in Stifel Financial Corp. during the second quarter valued at $152,000. Finally, Bank of Montreal Can bought a new position in Stifel Financial Corp. during the second quarter valued at $168,000. 85.24% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have weighed in on SF shares. Zacks Investment Research raised Stifel Financial Corp. from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 7th. Macquarie lifted their target price on Stifel Financial Corp. from $39.00 to $44.00 and gave the company an “outperform” rating in a research note on Friday, September 9th. Two equities research analysts have rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Stifel Financial Corp. currently has an average rating of “Buy” and a consensus target price of $40.00.
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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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