Stifel Financial Corp (NYSE:SF) Sees Significant Decrease in Short Interest

Stifel Financial Corp (NYSE:SF) saw a significant drop in short interest in August. As of August 31st, there was short interest totalling 1,856,300 shares, a drop of 27.9% from the July 31st total of 2,575,100 shares. Approximately 2.8% of the shares of the company are sold short. Based on an average daily trading volume, of 414,800 shares, the days-to-cover ratio is currently 4.5 days.

In related news, SVP Ben A. Plotkin sold 9,012 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $55.73, for a total transaction of $502,238.76. Following the transaction, the senior vice president now directly owns 97,728 shares of the company’s stock, valued at $5,446,381.44. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John P. Dubinsky sold 2,150 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $56.79, for a total transaction of $122,098.50. Following the transaction, the director now directly owns 25,306 shares in the company, valued at $1,437,127.74. The disclosure for this sale can be found here. Insiders have sold 22,162 shares of company stock valued at $1,254,697 in the last three months. Insiders own 3.77% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its position in shares of Stifel Financial by 6.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,902,555 shares of the financial services provider’s stock valued at $120,224,000 after buying an additional 187,187 shares in the last quarter. Geode Capital Management LLC raised its position in Stifel Financial by 10.2% during the fourth quarter. Geode Capital Management LLC now owns 772,102 shares of the financial services provider’s stock valued at $31,979,000 after purchasing an additional 71,603 shares in the last quarter. Bank of Montreal Can raised its position in Stifel Financial by 454.3% during the first quarter. Bank of Montreal Can now owns 43,527 shares of the financial services provider’s stock valued at $2,296,000 after purchasing an additional 35,674 shares in the last quarter. First Republic Investment Management Inc. acquired a new position in Stifel Financial during the first quarter valued at approximately $623,000. Finally, Rhumbline Advisers lifted its stake in Stifel Financial by 1.8% during the first quarter. Rhumbline Advisers now owns 219,637 shares of the financial services provider’s stock worth $11,588,000 after purchasing an additional 3,980 shares during the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SF has been the subject of a number of recent research reports. Compass Point started coverage on shares of Stifel Financial in a report on Thursday, May 30th. They issued a “buy” rating and a $65.00 price objective for the company. Zacks Investment Research raised shares of Stifel Financial from a “sell” rating to a “hold” rating in a report on Saturday. Finally, ValuEngine downgraded shares of Stifel Financial from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $62.67.

Shares of NYSE:SF traded up $0.62 during trading on Wednesday, reaching $58.98. 360,567 shares of the company traded hands, compared to its average volume of 438,981. The firm has a market capitalization of $3.91 billion, a PE ratio of 11.17, a PEG ratio of 1.65 and a beta of 1.88. Stifel Financial has a 52 week low of $38.39 and a 52 week high of $61.94. The company has a quick ratio of 0.67, a current ratio of 0.74 and a debt-to-equity ratio of 0.69. The company’s 50 day moving average is $54.74 and its two-hundred day moving average is $56.31.

Stifel Financial (NYSE:SF) last issued its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $1.41 EPS for the quarter, topping the Zacks’ consensus estimate of $1.34 by $0.07. The company had revenue of $800.80 million for the quarter, compared to analysts’ expectations of $780.94 million. Stifel Financial had a return on equity of 14.73% and a net margin of 13.73%. Stifel Financial’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the business earned $1.22 earnings per share. As a group, research analysts anticipate that Stifel Financial will post 5.68 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Tuesday, September 3rd will be given a dividend of $0.15 per share. The ex-dividend date is Friday, August 30th. This represents a $0.60 annualized dividend and a yield of 1.02%. Stifel Financial’s dividend payout ratio is 11.36%.

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, the United Kingdom, rest of Europe, and Asia. The company operates through three segments: Global Wealth Management, Institutional Group, and Other.

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