Stifel Financial Corporation (NYSE:SF) insider Thomas B. Michaud sold 24,536 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $52.40, for a total transaction of $1,285,686.40. Following the sale, the insider now directly owns 60,589 shares of the company’s stock, valued at $3,174,863.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Stifel Financial Corporation (NYSE:SF) opened at $52.47 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.67 and a quick ratio of 0.61. The stock has a market cap of $3,571.94, a price-to-earnings ratio of 16.25, a PEG ratio of 1.26 and a beta of 1.70. Stifel Financial Corporation has a 52 week low of $41.93 and a 52 week high of $56.62.

Stifel Financial Corporation (NYSE:SF) last announced its quarterly earnings data on Monday, October 30th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.06. The firm had revenue of $721.20 million during the quarter, compared to analysts’ expectations of $701.12 million. Stifel Financial Corporation had a net margin of 7.61% and a return on equity of 9.78%. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.69 earnings per share. research analysts anticipate that Stifel Financial Corporation will post 3.44 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.10 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.76%. Stifel Financial Corporation’s dividend payout ratio (DPR) is presently 15.94%.

ILLEGAL ACTIVITY WARNING: This piece was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece on another domain, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The correct version of this piece can be accessed at https://www.thecerbatgem.com/2017/11/17/insider-selling-stifel-financial-corporation-sf-insider-sells-1285686-40-in-stock.html.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Stifel Financial Corp boosted its position in shares of Stifel Financial Corporation by 1,010.0% during the third quarter. Stifel Financial Corp now owns 1,373,271 shares of the financial services provider’s stock worth $73,418,000 after acquiring an additional 1,249,556 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Stifel Financial Corporation by 22.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,804,119 shares of the financial services provider’s stock worth $128,934,000 after acquiring an additional 519,247 shares during the last quarter. Macquarie Group Ltd. boosted its position in shares of Stifel Financial Corporation by 19.2% during the second quarter. Macquarie Group Ltd. now owns 2,174,947 shares of the financial services provider’s stock worth $100,004,000 after acquiring an additional 350,536 shares during the last quarter. American Century Companies Inc. bought a new position in shares of Stifel Financial Corporation during the third quarter worth $18,226,000. Finally, Balyasny Asset Management LLC boosted its position in shares of Stifel Financial Corporation by 269.1% during the second quarter. Balyasny Asset Management LLC now owns 351,021 shares of the financial services provider’s stock worth $16,140,000 after acquiring an additional 255,913 shares during the last quarter. 86.64% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have commented on SF. Zacks Investment Research cut shares of Stifel Financial Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Nomura upped their target price on shares of Stifel Financial Corporation from $56.00 to $58.00 and gave the company a “neutral” rating in a report on Tuesday, October 31st. TheStreet raised shares of Stifel Financial Corporation from a “c+” rating to a “b” rating in a report on Monday, July 31st. BidaskClub raised shares of Stifel Financial Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Finally, JMP Securities reaffirmed a “neutral” rating on shares of Stifel Financial Corporation in a report on Friday, August 18th. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Stifel Financial Corporation currently has a consensus rating of “Hold” and an average target price of $56.33.

About Stifel Financial Corporation

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. It operates through three segments: Global Wealth Management, Institutional Group and Other. The Global Wealth Management segment consists of the Private Client Group and Stifel Bank businesses.

Insider Buying and Selling by Quarter for Stifel Financial Corporation (NYSE:SF)

Receive News & Stock Ratings for Stifel Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stifel Financial Corporation and related stocks with our FREE daily email newsletter.