Stifel Financial Corp. (NYSE:SF – Get Rating) SVP Thomas B. Michaud sold 15,000 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $57.75, for a total transaction of $866,250.00. Following the completion of the sale, the senior vice president now directly owns 144,276 shares of the company’s stock, valued at $8,331,939. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Stifel Financial Price Performance
SF stock opened at $58.66 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. Stifel Financial Corp. has a one year low of $49.31 and a one year high of $68.77. The firm has a market capitalization of $6.23 billion, a PE ratio of 11.26 and a beta of 1.25. The firm has a 50-day moving average of $58.28 and a two-hundred day moving average of $61.51.
Stifel Financial (NYSE:SF – Get Rating) last issued its earnings results on Wednesday, April 26th. The financial services provider reported $1.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.05). The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.12 billion. Stifel Financial had a net margin of 14.24% and a return on equity of 15.28%. Stifel Financial’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.49 EPS.
Stifel Financial Announces Dividend
Hedge Funds Weigh In On Stifel Financial
A number of large investors have recently made changes to their positions in the business. Moneta Group Investment Advisors LLC increased its holdings in shares of Stifel Financial by 113,703.2% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,654,257 shares of the financial services provider’s stock valued at $621,889,000 after purchasing an additional 10,644,895 shares during the period. Vanguard Group Inc. increased its holdings in Stifel Financial by 0.9% in the third quarter. Vanguard Group Inc. now owns 10,258,219 shares of the financial services provider’s stock worth $532,504,000 after buying an additional 89,580 shares during the last quarter. Macquarie Group Ltd. increased its holdings in Stifel Financial by 1.5% in the third quarter. Macquarie Group Ltd. now owns 3,827,111 shares of the financial services provider’s stock worth $198,775,000 after buying an additional 57,453 shares during the last quarter. Alliancebernstein L.P. increased its holdings in Stifel Financial by 14.2% in the third quarter. Alliancebernstein L.P. now owns 3,781,450 shares of the financial services provider’s stock worth $196,295,000 after buying an additional 470,007 shares during the last quarter. Finally, Morgan Stanley increased its holdings in Stifel Financial by 422.3% in the fourth quarter. Morgan Stanley now owns 3,120,148 shares of the financial services provider’s stock worth $182,123,000 after buying an additional 2,522,805 shares during the last quarter. Institutional investors and hedge funds own 83.02% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on SF shares. Citigroup cut their price target on shares of Stifel Financial from $72.00 to $65.00 and set a “neutral” rating for the company in a report on Tuesday, April 11th. StockNews.com initiated coverage on shares of Stifel Financial in a research note on Thursday. They set a “hold” rating for the company. Finally, JMP Securities reduced their price objective on shares of Stifel Financial from $95.00 to $91.00 and set a “market outperform” rating for the company in a research note on Monday, April 10th.
Stifel Financial Company Profile
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.
- Get a free copy of the StockNews.com research report on Stifel Financial (SF)
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