Stifel Financial Corp. (NYSE:SF) Director Victor Nesi sold 25,000 shares of the stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $50.20, for a total transaction of $1,255,000.00. Following the sale, the director now directly owns 139,373 shares of the company’s stock, valued at $6,996,524.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Stifel Financial Corp. (NYSE:SF) opened at 50.60 on Friday. Stifel Financial Corp. has a 52-week low of $25.00 and a 52-week high of $50.92. The firm has a 50-day moving average of $41.58 and a 200-day moving average of $37.27. The stock has a market cap of $3.35 billion, a P/E ratio of 60.96 and a beta of 1.56.
Stifel Financial Corp. (NYSE:SF) last announced its quarterly earnings data on Wednesday, November 2nd. The financial services provider reported $0.69 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.07. The business had revenue of $641.99 million for the quarter, compared to analyst estimates of $629.13 million. Stifel Financial Corp. had a net margin of 2.64% and a return on equity of 6.71%. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.38 earnings per share. On average, equities analysts expect that Stifel Financial Corp. will post $2.53 EPS for the current fiscal year.
Hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. raised its stake in shares of Stifel Financial Corp. by 83,190.2% in the second quarter. Victory Capital Management Inc. now owns 1,140,243 shares of the financial services provider’s stock worth $35,860,000 after buying an additional 1,138,874 shares in the last quarter. Boston Partners purchased a new stake in Stifel Financial Corp. during the second quarter valued at about $25,224,000. Peregrine Capital Management LLC purchased a new stake in Stifel Financial Corp. during the third quarter valued at about $29,815,000. Channing Capital Management LLC raised its stake in Stifel Financial Corp. by 47.7% in the second quarter. Channing Capital Management LLC now owns 910,231 shares of the financial services provider’s stock valued at $28,627,000 after buying an additional 293,838 shares during the period. Finally, Teachers Advisors Inc. raised its stake in Stifel Financial Corp. by 296.2% in the second quarter. Teachers Advisors Inc. now owns 392,711 shares of the financial services provider’s stock valued at $12,351,000 after buying an additional 293,582 shares during the period. 85.24% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently commented on SF shares. Zacks Investment Research raised shares of Stifel Financial Corp. from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 7th. Macquarie upped their price target on shares of Stifel Financial Corp. from $39.00 to $44.00 and gave the company an “outperform” rating in a research report on Friday, September 9th. Two analysts have rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $40.00.
Stifel Financial Corp. Company Profile
Stifel Financial Corp. is a financial holding company. Its principal subsidiary is Stifel, Nicolaus & Company, Incorporated, a retail and institutional wealth management and investment banking firm. Its principal activities are private client services, including securities transaction and financial planning services; institutional equity and fixed income sales, trading, research and municipal finance; investment banking services, including mergers and acquisitions, public offerings and private placements, and retail and commercial banking, including personal and commercial lending programs.
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