Stifel Financial Corp. (NYSE:SF) COO Sells $2,904,500.00 in Stock

Stifel Financial Corp. (NYSE:SF) COO David D. Sliney sold 25,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $116.18, for a total transaction of $2,904,500.00. Following the sale, the chief operating officer now directly owns 159,619 shares of the company’s stock, valued at $18,544,535.42. This represents a 13.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Stifel Financial Stock Performance

NYSE SF traded up $0.37 on Thursday, hitting $115.57. 457,986 shares of the company’s stock traded hands, compared to its average volume of 569,007. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.27. Stifel Financial Corp. has a 1-year low of $60.17 and a 1-year high of $118.12. The firm’s 50-day moving average price is $97.92 and its two-hundred day moving average price is $87.99. The firm has a market capitalization of $11.83 billion, a PE ratio of 20.92 and a beta of 1.08.

Stifel Financial (NYSE:SF) last issued its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 EPS for the quarter, missing the consensus estimate of $1.60 by ($0.10). The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Stifel Financial had a return on equity of 14.92% and a net margin of 12.98%. Stifel Financial’s revenue was up 17.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 EPS. As a group, analysts expect that Stifel Financial Corp. will post 6.44 EPS for the current year.

Stifel Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.42 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.68 annualized dividend and a yield of 1.45%. Stifel Financial’s dividend payout ratio (DPR) is 30.38%.

Analysts Set New Price Targets

SF has been the subject of a number of analyst reports. Citigroup lifted their price objective on Stifel Financial from $90.00 to $102.00 and gave the company a “neutral” rating in a report on Friday, September 27th. TD Cowen raised their price objective on Stifel Financial from $100.00 to $105.00 and gave the company a “hold” rating in a research note on Thursday, October 24th. Wolfe Research downgraded Stifel Financial from an “outperform” rating to a “peer perform” rating in a report on Monday, July 22nd. StockNews.com lowered Stifel Financial from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Finally, JMP Securities upped their target price on Stifel Financial from $105.00 to $110.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 9th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $103.17.

Institutional Trading of Stifel Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SF. Versant Capital Management Inc boosted its position in shares of Stifel Financial by 1,818.8% in the 2nd quarter. Versant Capital Management Inc now owns 307 shares of the financial services provider’s stock worth $26,000 after buying an additional 291 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp purchased a new position in Stifel Financial in the 1st quarter worth approximately $33,000. Waldron Private Wealth LLC purchased a new position in Stifel Financial in the 3rd quarter worth approximately $34,000. GAMMA Investing LLC boosted its stake in shares of Stifel Financial by 27.7% during the 3rd quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider’s stock valued at $47,000 after buying an additional 109 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in shares of Stifel Financial by 388.3% during the 1st quarter. Bessemer Group Inc. now owns 796 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 633 shares in the last quarter. Institutional investors and hedge funds own 82.01% of the company’s stock.

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.