David A. Peacock Sells 13,000 Shares of Stifel Financial Corp. (NYSE:SF) Stock

Stifel Financial Corp. (NYSE:SF) Director David A. Peacock sold 13,000 shares of the stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $79.90, for a total transaction of $1,038,700.00. Following the transaction, the director now directly owns 18,646 shares in the company, valued at approximately $1,489,815.40. The transaction was disclosed in a filing with the SEC, which is available through this link.

Stifel Financial Stock Up 1.2 %

SF stock opened at $81.77 on Friday. The firm has a market capitalization of $8.41 billion, a PE ratio of 18.58 and a beta of 1.14. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 0.35. Stifel Financial Corp. has a twelve month low of $54.81 and a twelve month high of $82.14. The stock’s 50 day moving average is $76.43 and its 200-day moving average is $70.17.

Stifel Financial (NYSE:SF) last issued its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.13). Stifel Financial had a net margin of 11.34% and a return on equity of 12.39%. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the business posted $1.40 earnings per share. Stifel Financial’s revenue was up 5.1% on a year-over-year basis. Sell-side analysts expect that Stifel Financial Corp. will post 7.04 EPS for the current fiscal year.

Stifel Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $0.42 per share. The ex-dividend date was Thursday, February 29th. This is a boost from Stifel Financial’s previous quarterly dividend of $0.36. This represents a $1.68 annualized dividend and a yield of 2.05%. Stifel Financial’s payout ratio is 38.18%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on SF shares. JMP Securities reaffirmed a “market outperform” rating and set a $88.00 price target on shares of Stifel Financial in a research note on Tuesday, April 9th. UBS Group upped their target price on Stifel Financial from $74.00 to $78.00 and gave the stock a “neutral” rating in a research report on Monday, January 29th. TD Cowen lifted their price target on shares of Stifel Financial from $86.50 to $92.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. StockNews.com upgraded shares of Stifel Financial from a “buy” rating to a “strong-buy” rating in a research note on Friday, April 26th. Finally, Citigroup raised their price objective on shares of Stifel Financial from $74.00 to $80.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $84.50.

Institutional Investors Weigh In On Stifel Financial

Institutional investors have recently added to or reduced their stakes in the company. FinTrust Capital Advisors LLC purchased a new position in shares of Stifel Financial in the 3rd quarter worth approximately $30,000. Fidelis Capital Partners LLC purchased a new stake in shares of Stifel Financial during the first quarter valued at approximately $32,000. First Horizon Advisors Inc. lifted its holdings in Stifel Financial by 97.5% during the third quarter. First Horizon Advisors Inc. now owns 640 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 316 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in Stifel Financial by 39.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 730 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 206 shares during the last quarter. Finally, Montag A & Associates Inc. boosted its position in Stifel Financial by 336.2% in the fourth quarter. Montag A & Associates Inc. now owns 759 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 585 shares during the last quarter. 82.01% of the stock is owned by institutional investors.

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 and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.