Stifel Financial Corp. (NYSE:SF) COO David D. Sliney Sells 25,000 Shares of Stock

Stifel Financial Corp. (NYSE:SF) COO David D. Sliney sold 25,000 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $116.18, for a total transaction of $2,904,500.00. Following the transaction, the chief operating officer now owns 159,619 shares in the company, valued at approximately $18,544,535.42. The trade was a 13.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Stifel Financial Stock Performance

SF traded down $0.10 during trading on Friday, hitting $115.47. 14,018 shares of the company traded hands, compared to its average volume of 566,509. The firm has a market cap of $11.82 billion, a P/E ratio of 20.90 and a beta of 1.08. The stock’s fifty day moving average is $98.52 and its 200 day moving average is $88.18. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. Stifel Financial Corp. has a one year low of $60.17 and a one year high of $118.12.

Stifel Financial (NYSE:SF) last posted its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share for the quarter, missing the consensus estimate of $1.60 by ($0.10). The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.20 billion. Stifel Financial had a net margin of 12.98% and a return on equity of 14.92%. Stifel Financial’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS. As a group, equities analysts predict that Stifel Financial Corp. will post 6.44 EPS for the current fiscal year.

Stifel Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.42 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.68 dividend on an annualized basis and a yield of 1.45%. Stifel Financial’s dividend payout ratio is presently 30.38%.

Hedge Funds Weigh In On Stifel Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SageView Advisory Group LLC bought a new position in Stifel Financial during the first quarter worth about $1,251,000. SG Americas Securities LLC bought a new position in Stifel Financial during the second quarter worth about $1,543,000. Blue Trust Inc. boosted its position in Stifel Financial by 268.6% during the second quarter. Blue Trust Inc. now owns 8,798 shares of the financial services provider’s stock worth $688,000 after purchasing an additional 6,411 shares during the period. Capital CS Group LLC bought a new position in Stifel Financial during the second quarter worth about $614,000. Finally, Harbor Capital Advisors Inc. boosted its position in Stifel Financial by 270.1% during the second quarter. Harbor Capital Advisors Inc. now owns 26,433 shares of the financial services provider’s stock worth $2,224,000 after purchasing an additional 19,291 shares during the period. Institutional investors own 82.01% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Citigroup increased their target price on shares of Stifel Financial from $90.00 to $102.00 and gave the company a “neutral” rating in a report on Friday, September 27th. JMP Securities increased their target price on shares of Stifel Financial from $105.00 to $110.00 and gave the company a “market outperform” rating in a report on Wednesday, October 9th. Wolfe Research downgraded shares of Stifel Financial from an “outperform” rating to a “peer perform” rating in a report on Monday, July 22nd. StockNews.com downgraded shares of Stifel Financial from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. Finally, Wells Fargo & Company increased their target price on shares of Stifel Financial from $113.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $103.17.

About Stifel Financial

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 and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.