Stifel Financial Corp. (NYSE:SF) CEO Buys $619,400.00 in Stock

Stifel Financial Corp. (NYSE:SFGet Rating) CEO Ronald J. Kruszewski purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, April 29th. The shares were acquired at an average cost of $61.94 per share, with a total value of $619,400.00. Following the completion of the purchase, the chief executive officer now owns 1,311,325 shares of the company’s stock, valued at $81,223,470.50. The acquisition was disclosed in a filing with the SEC, which is available at this link.

Shares of NYSE SF opened at $64.31 on Wednesday. The stock has a market cap of $6.84 billion, a P/E ratio of 9.67 and a beta of 1.28. The firm has a 50 day moving average price of $67.03 and a 200 day moving average price of $71.28. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.77 and a current ratio of 0.81. Stifel Financial Corp. has a 52-week low of $60.35 and a 52-week high of $83.28.

Stifel Financial (NYSE:SFGet Rating) last issued its quarterly earnings data on Wednesday, April 27th. The financial services provider reported $1.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.48 by $0.01. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Stifel Financial had a net margin of 17.49% and a return on equity of 21.13%. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.50 earnings per share.

A number of brokerages recently issued reports on SF. StockNews.com began coverage on shares of Stifel Financial in a report on Thursday, March 31st. They set a “hold” rating for the company. JMP Securities boosted their price objective on shares of Stifel Financial from $93.00 to $100.00 and gave the company a “market outperform” rating in a report on Thursday, January 27th.

Institutional investors have recently added to or reduced their stakes in the company. Confluence Wealth Services Inc. acquired a new position in shares of Stifel Financial in the fourth quarter valued at approximately $25,000. Sageworth Trust Co of South Dakota acquired a new position in shares of Stifel Financial in the fourth quarter valued at approximately $32,000. Dark Forest Capital Management LP acquired a new position in shares of Stifel Financial in the third quarter valued at approximately $33,000. Ellevest Inc. boosted its holdings in shares of Stifel Financial by 104.9% in the fourth quarter. Ellevest Inc. now owns 580 shares of the financial services provider’s stock valued at $41,000 after buying an additional 297 shares during the period. Finally, Clearstead Advisors LLC boosted its holdings in shares of Stifel Financial by 119.7% in the third quarter. Clearstead Advisors LLC now owns 659 shares of the financial services provider’s stock valued at $45,000 after buying an additional 359 shares during the period. Institutional investors own 82.45% of the company’s stock.

About Stifel Financial (Get Rating)

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, the rest of Europe, and Canada.

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