Stifel Financial (NYSE:SF) Trading Up 13.2%

Stifel Financial Corp (NYSE:SF)’s stock price was up 13.2% during mid-day trading on Monday . The stock traded as high as $40.49 and last traded at $39.82, approximately 722,252 shares traded hands during mid-day trading. An increase of 22% from the average daily volume of 594,395 shares. The stock had previously closed at $35.18.

Several equities research analysts have recently issued reports on SF shares. ValuEngine downgraded Stifel Financial from a “hold” rating to a “sell” rating in a research report on Thursday. Wells Fargo & Co lowered their price target on Stifel Financial from $56.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Monday. Finally, JMP Securities increased their target price on shares of Stifel Financial from $66.00 to $68.00 and gave the company a “market outperform” rating in a research note on Monday, January 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $60.25.

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 company’s 50 day moving average is $47.87 and its two-hundred day moving average is $57.30. The firm has a market cap of $2.45 billion, a P/E ratio of 7.25 and a beta of 1.85.

Stifel Financial (NYSE:SF) last released its earnings results on Thursday, January 30th. The financial services provider reported $1.88 earnings per share 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 business had revenue of $944.30 million during the quarter, compared to analysts’ expectations of $857.35 million. During the same quarter last year, the company earned $1.57 earnings per share. The firm’s revenue was up 19.0% on a year-over-year basis.

The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.17 per share. This is a boost from Stifel Financial’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, February 28th. This represents a $0.68 dividend on an annualized basis and a yield of 1.71%. Stifel Financial’s dividend payout ratio (DPR) is currently 11.15%.

In other Stifel Financial news, SVP Richard J. Himelfarb sold 10,000 shares of the firm’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $65.07, for a total transaction of $650,700.00. Following the completion of the transaction, the senior vice president now owns 95,177 shares in the company, valued at $6,193,167.39. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Victor Nesi sold 3,750 shares of the firm’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $65.06, for a total transaction of $243,975.00. Following the transaction, the insider now owns 173,466 shares of the company’s stock, valued at approximately $11,285,697.96. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 12,000 shares of company stock valued at $393,070. Corporate insiders own 3.77% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of SF. Norges Bank acquired a new stake in shares of Stifel Financial during the fourth quarter worth approximately $42,819,000. Earnest Partners LLC increased its holdings in shares of Stifel Financial by 7.7% during the fourth quarter. Earnest Partners LLC now owns 1,912,437 shares of the financial services provider’s stock worth $115,989,000 after buying an additional 137,057 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Stifel Financial by 49.9% during the fourth quarter. AQR Capital Management LLC now owns 361,566 shares of the financial services provider’s stock worth $21,929,000 after buying an additional 120,288 shares in the last quarter. UBS Group AG increased its holdings in shares of Stifel Financial by 141.5% during the fourth quarter. UBS Group AG now owns 204,346 shares of the financial services provider’s stock worth $12,394,000 after buying an additional 119,748 shares in the last quarter. Finally, Macquarie Group Ltd. increased its holdings in shares of Stifel Financial by 2.7% during the fourth quarter. Macquarie Group Ltd. now owns 3,460,775 shares of the financial services provider’s stock worth $209,897,000 after buying an additional 92,190 shares in the last quarter. 83.90% of the stock is owned by institutional investors.

About Stifel Financial (NYSE:SF)

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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