Thomas B. Michaud Sells 15,000 Shares of Stifel Financial Corp. (NYSE:SF) Stock

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be issued a $0.36 dividend. The ex-dividend date of this dividend is Wednesday, May 31st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.45%. Stifel Financial’s dividend payout ratio is 27.64%.

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

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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.