Stifel Financial (NYSE:SF) Director Sells $372,240.00 in Stock

Stifel Financial Corporation (NYSE:SF) Director Maryam Brown sold 4,700 shares of the business’s stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $79.20, for a total value of $372,240.00. Following the transaction, the director directly owned 5,729 shares of the company’s stock, valued at $453,736.80. This represents a 45.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Stifel Financial Price Performance

SF stock traded up $1.39 during midday trading on Tuesday, reaching $83.76. 234,177 shares of the company’s stock traded hands, compared to its average volume of 1,453,915. The company has a market cap of $12.85 billion, a price-to-earnings ratio of 15.01 and a beta of 1.01. Stifel Financial Corporation has a 1-year low of $67.81 and a 1-year high of $89.83. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 0.29. The company has a 50-day simple moving average of $73.53 and a two-hundred day simple moving average of $76.70.

Stifel Financial (NYSE:SF) last announced its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.09. Stifel Financial had a return on equity of 19.32% and a net margin of 16.11%.The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period last year, the company earned $1.71 earnings per share. The company’s revenue was up 13.0% on a year-over-year basis. On average, analysts anticipate that Stifel Financial Corporation will post 6.29 earnings per share for the current year.

Stifel Financial Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a $0.34 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.6%. Stifel Financial’s dividend payout ratio is 24.33%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Wedge Capital Management L L P NC increased its stake in Stifel Financial by 13.7% in the 2nd quarter. Wedge Capital Management L L P NC now owns 35,922 shares of the financial services provider’s stock valued at $2,506,000 after buying an additional 4,315 shares during the last quarter. Gradient Investments LLC boosted its stake in shares of Stifel Financial by 18.1% during the 2nd quarter. Gradient Investments LLC now owns 26,347 shares of the financial services provider’s stock worth $1,838,000 after buying an additional 4,043 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Stifel Financial by 287.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 490,762 shares of the financial services provider’s stock valued at $34,240,000 after acquiring an additional 364,013 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Stifel Financial by 3.1% in the 2nd quarter. GAMMA Investing LLC now owns 10,492 shares of the financial services provider’s stock valued at $732,000 after acquiring an additional 312 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in shares of Stifel Financial by 48.7% in the first quarter. Pacer Advisors Inc. now owns 18,109 shares of the financial services provider’s stock valued at $1,339,000 after acquiring an additional 5,927 shares during the last quarter. Institutional investors and hedge funds own 82.01% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on SF. UBS Group set a $90.00 target price on Stifel Financial in a report on Thursday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Stifel Financial in a research report on Friday, May 29th. Zacks Research raised shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Finally, JPMorgan Chase & Co. increased their target price on shares of Stifel Financial from $80.00 to $86.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $91.67.

Stifel Financial Company Profile

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.