Ronald J. Kruszewski Acquires 10,000 Shares of Stifel Financial Corp. (NYSE:SF) Stock

Stifel Financial Corp. (NYSE:SF – Get Rating) CEO Ronald J. Kruszewski purchased 10,000 shares of the firm’s stock in a transaction on Friday, March 10th. The stock was bought at an average price of $59.00 per share, for a total transaction of $590,000.00. Following the purchase, the chief executive officer now owns 1,374,826 shares in the company, valued at $81,114,734. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Stifel Financial Stock Performance

Shares of NYSE:SF opened at $58.39 on Friday. The company has a market capitalization of $6.23 billion, a price-to-earnings ratio of 10.98 and a beta of 1.29. Stifel Financial Corp. has a 12 month low of $49.31 and a 12 month high of $72.61. The firm’s 50-day moving average is $64.64 and its 200 day moving average is $61.05. The company has a current ratio of 0.82, a quick ratio of 0.80 and a debt-to-equity ratio of 0.30.

Stifel Financial (NYSE:SF – Get Rating) last issued its quarterly earnings results on Wednesday, January 25th. The financial services provider reported $1.58 EPS for the quarter, missing the consensus estimate of $1.64 by ($0.06). The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.14 billion. Stifel Financial had a net margin of 15.08% and a return on equity of 15.84%. The business’s revenue for the quarter was down 14.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.23 earnings per share.

Stifel Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 15th. Investors of record on Wednesday, March 1st will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 2.47%. This is an increase from Stifel Financial’s previous quarterly dividend of $0.30. The ex-dividend date is Tuesday, February 28th. Stifel Financial’s dividend payout ratio is presently 27.07%.

Hedge Funds Weigh In On Stifel Financial

A number of hedge funds have recently added to or reduced their stakes in SF. Citigroup Inc. grew its stake in Stifel Financial by 22.0% in the 1st quarter. Citigroup Inc. now owns 58,283 shares of the financial services provider’s stock worth $3,957,000 after acquiring an additional 10,500 shares in the last quarter. Bank of Montreal Can grew its stake in Stifel Financial by 118.2% in the 1st quarter. Bank of Montreal Can now owns 81,633 shares of the financial services provider’s stock worth $5,808,000 after acquiring an additional 44,219 shares in the last quarter. Great West Life Assurance Co. Can grew its stake in Stifel Financial by 8.4% in the 1st quarter. Great West Life Assurance Co. Can now owns 57,088 shares of the financial services provider’s stock worth $3,985,000 after acquiring an additional 4,405 shares in the last quarter. Sei Investments Co. lifted its position in shares of Stifel Financial by 1.3% in the 1st quarter. Sei Investments Co. now owns 165,260 shares of the financial services provider’s stock worth $11,192,000 after purchasing an additional 2,135 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Stifel Financial in the 1st quarter worth approximately $550,000. 83.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SF. UBS Group began coverage on shares of Stifel Financial in a research report on Tuesday, November 22nd. They set a “neutral” rating on the stock. JMP Securities decreased their target price on shares of Stifel Financial from $98.00 to $95.00 and set a “market outperform” rating on the stock in a research report on Tuesday, January 10th. Finally, StockNews.com upgraded shares of Stifel Financial from a “hold” rating to a “buy” rating in a research report on Friday, February 24th.

Stifel Financial Company Profile

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Stifel Financial Corp. provides securities brokerage, investment banking, trading, investment advisory, and related financial services. It operates through the following segments: Global Wealth Management, Institutional Group, and Other. The Global Wealth Management segment provides securities transaction, brokerage, and investment services to clients.