Trade Report: The Stifel Financial Corp. (SF) Insider Sold $5,020,000.00 in Stock

The Stifel Financial Corp. (SF) Insider Sold $5,020,000.00 in Stock

Stifel Financial Corp. (NYSE:SF) insider Ronald J. Kruszewski sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $50.20, for a total value of $5,020,000.00. Following the transaction, the insider now owns 917,537 shares of the company’s stock, valued at approximately $46,060,357.40. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Shares of Stifel Financial Corp. (NYSE:SF) opened at 50.52 on Monday. Stifel Financial Corp. has a 52 week low of $25.00 and a 52 week high of $50.92. The company has a market capitalization of $3.35 billion, a price-to-earnings ratio of 60.87 and a beta of 1.56. The company’s 50 day moving average price is $41.94 and its 200-day moving average price is $37.41.

Stifel Financial Corp. (NYSE:SF) last released its quarterly earnings results on Wednesday, November 2nd. The financial services provider reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.07. The company earned $641.99 million during the quarter, compared to analysts’ expectations of $629.13 million. Stifel Financial Corp. had a return on equity of 6.71% and a net margin of 2.64%. Stifel Financial Corp.’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.38 EPS. Analysts anticipate that Stifel Financial Corp. will post $2.53 earnings per share for the current fiscal year.

A number of brokerages have recently commented on SF. Zacks Investment Research upgraded Stifel Financial Corp. from a “hold” rating to a “strong-buy” rating and set a $46.00 target price for the company in a report on Tuesday, October 11th. Macquarie lifted their target price on Stifel Financial Corp. from $39.00 to $44.00 and gave the stock an “outperform” rating in a report on Friday, September 9th. Two analysts have rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $40.00.

A number of institutional investors have recently added to or reduced their stakes in SF. D.A. Davidson & CO. boosted its position in Stifel Financial Corp. by 0.9% in the third quarter. D.A. Davidson & CO. now owns 6,076 shares of the financial services provider’s stock worth $232,000 after buying an additional 52 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Stifel Financial Corp. by 10.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 19,026 shares of the financial services provider’s stock worth $732,000 after buying an additional 1,800 shares during the last quarter. LPL Financial LLC acquired a new position in Stifel Financial Corp. during the third quarter worth $346,000. Ameritas Investment Partners Inc. boosted its position in Stifel Financial Corp. by 67.4% in the third quarter. Ameritas Investment Partners Inc. now owns 25,824 shares of the financial services provider’s stock worth $993,000 after buying an additional 10,394 shares during the last quarter. Finally, Tributary Capital Management LLC boosted its position in Stifel Financial Corp. by 7.2% in the third quarter. Tributary Capital Management LLC now owns 262,346 shares of the financial services provider’s stock worth $10,087,000 after buying an additional 17,520 shares during the last quarter. 85.24% of the stock is owned by institutional investors.

Stifel Financial Corp. Company Profile

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