Stifel Financial Corp (SF) Director Michael J. Zimmerman Acquires 5,000 Shares of Stock

Stifel Financial Corp (NYSE:SF) Director Michael J. Zimmerman acquired 5,000 shares of the firm’s stock in a transaction on Wednesday, November 7th. The stock was purchased at an average price of $48.39 per share, for a total transaction of $241,950.00. Following the transaction, the director now directly owns 10,694 shares of the company’s stock, valued at approximately $517,482.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of SF stock traded up $0.70 during mid-day trading on Thursday, reaching $50.25. The stock had a trading volume of 158,436 shares, compared to its average volume of 464,944. Stifel Financial Corp has a 52-week low of $42.51 and a 52-week high of $68.76. The stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 1.17 and a beta of 1.87. The company has a current ratio of 0.70, a quick ratio of 0.62 and a debt-to-equity ratio of 0.93.

Stifel Financial (NYSE:SF) last announced its earnings results on Tuesday, October 30th. The financial services provider reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.01. The firm had revenue of $738.34 million for the quarter, compared to analyst estimates of $764.90 million. Stifel Financial had a net margin of 9.16% and a return on equity of 15.33%. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.89 EPS. Equities analysts predict that Stifel Financial Corp will post 5.2 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Stifel Financial by 5.6% during the 2nd quarter. BlackRock Inc. now owns 8,022,149 shares of the financial services provider’s stock valued at $419,156,000 after purchasing an additional 426,072 shares in the last quarter. Macquarie Group Ltd. boosted its stake in Stifel Financial by 4.2% during the second quarter. Macquarie Group Ltd. now owns 2,437,842 shares of the financial services provider’s stock worth $127,377,000 after acquiring an additional 98,692 shares in the last quarter. Fisher Asset Management LLC boosted its stake in Stifel Financial by 0.5% during the third quarter. Fisher Asset Management LLC now owns 1,956,725 shares of the financial services provider’s stock worth $100,302,000 after acquiring an additional 9,483 shares in the last quarter. Northern Trust Corp boosted its stake in Stifel Financial by 6.4% during the second quarter. Northern Trust Corp now owns 1,631,620 shares of the financial services provider’s stock worth $85,252,000 after acquiring an additional 98,834 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Stifel Financial by 0.5% during the second quarter. Bank of New York Mellon Corp now owns 1,218,612 shares of the financial services provider’s stock worth $63,673,000 after acquiring an additional 6,065 shares in the last quarter. 85.96% of the stock is currently owned by hedge funds and other institutional investors.

SF has been the topic of a number of analyst reports. JMP Securities upgraded shares of Stifel Financial from a “market perform” rating to an “outperform” rating in a research report on Wednesday, October 3rd. ValuEngine cut shares of Stifel Financial from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 2nd. Zacks Investment Research cut shares of Stifel Financial from a “hold” rating to a “sell” rating in a research report on Friday, October 5th. Stifel Nicolaus upgraded shares of Stifel Financial to an “outperform” rating in a research report on Wednesday, October 3rd. Finally, Wolfe Research initiated coverage on shares of Stifel Financial in a research report on Tuesday, September 25th. They issued a “market perform” rating and a $63.00 price objective on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $66.20.

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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, and rest of Europe. The company operates through three segments: Global Wealth Management, Institutional Group, and Other.

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