Insider Buying: Stifel Financial Corp (NYSE:SF) Director Buys $32,470.00 in Stock

Stifel Financial Corp (NYSE:SF) Director David A. Peacock purchased 1,000 shares of the firm’s stock in a transaction on Monday, March 23rd. The shares were acquired at an average price of $32.47 per share, for a total transaction of $32,470.00. The acquisition was disclosed in a filing with the SEC, which is available through this link.

SF opened at $40.73 on Thursday. Stifel Financial Corp has a fifty-two week low of $31.13 and a fifty-two week high of $69.10. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.74 and a quick ratio of 0.69. The firm’s fifty day moving average price is $54.14 and its two-hundred day moving average price is $58.29. The company has a market capitalization of $2.65 billion, a P/E ratio of 6.25 and a beta of 1.83.

Stifel Financial (NYSE:SF) last issued its earnings results on Thursday, January 30th. The financial services provider reported $1.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.27. Stifel Financial had a net margin of 13.44% and a return on equity of 15.02%. The company had revenue of $944.30 million for the quarter, compared to the consensus estimate of $857.35 million. During the same quarter in the previous year, the company earned $1.57 EPS. The firm’s revenue for the quarter was up 19.0% compared to the same quarter last year.

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.67%. The ex-dividend date was Friday, February 28th. This is an increase from Stifel Financial’s previous quarterly dividend of $0.15. Stifel Financial’s payout ratio is currently 11.15%.

Several large investors have recently modified their holdings of the company. Macquarie Group Ltd. boosted its stake in shares of Stifel Financial by 2.7% in the 4th quarter. Macquarie Group Ltd. now owns 3,460,775 shares of the financial services provider’s stock valued at $209,897,000 after purchasing an additional 92,190 shares in the last quarter. Norges Bank bought a new position in shares of Stifel Financial in the fourth quarter valued at about $42,819,000. Geode Capital Management LLC raised its holdings in shares of Stifel Financial by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 927,608 shares of the financial services provider’s stock valued at $56,259,000 after buying an additional 19,445 shares during the last quarter. Alliancebernstein L.P. raised its holdings in shares of Stifel Financial by 0.4% in the fourth quarter. Alliancebernstein L.P. now owns 2,073,869 shares of the financial services provider’s stock valued at $125,780,000 after buying an additional 9,240 shares during the last quarter. Finally, AXA bought a new position in shares of Stifel Financial in the fourth quarter valued at about $352,000. Institutional investors own 83.90% of the company’s stock.

A number of equities research analysts have weighed in on the stock. JMP Securities lifted their price target on shares of Stifel Financial from $66.00 to $68.00 and gave the stock a “market outperform” rating in a research note on Monday, January 13th. ValuEngine upgraded shares of Stifel Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, March 17th. Finally, Wells Fargo & Co lifted their price target on shares of Stifel Financial from $60.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 9th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $67.75.

About Stifel Financial

Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States, the United Kingdom, rest of Europe, and Asia. The company operates through three segments: Global Wealth Management, Institutional Group, and Other.

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

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