Stifel Financial Corp (NYSE:SF) Director Allen Brautigam sold 1,000 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $59.63, for a total value of $59,630.00. Following the sale, the director now owns 31,171 shares of the company’s stock, valued at approximately $1,858,726.73. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of SF stock traded up $0.95 on Thursday, hitting $61.57. 3,957 shares of the stock traded hands, compared to its average volume of 393,745. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.74 and a quick ratio of 0.67. The company has a market capitalization of $4.16 billion, a PE ratio of 11.66, a PEG ratio of 1.75 and a beta of 1.88. Stifel Financial Corp has a 1-year low of $38.39 and a 1-year high of $61.94. The company’s fifty day moving average is $55.80 and its 200 day moving average is $56.54.
Stifel Financial (NYSE:SF) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.03. The business had revenue of $821.50 million for the quarter, compared to analyst estimates of $798.53 million. Stifel Financial had a return on equity of 14.84% and a net margin of 13.55%. The business’s revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.35 EPS. As a group, equities research analysts expect that Stifel Financial Corp will post 5.68 EPS for the current year.
Several hedge funds have recently bought and sold shares of SF. Nuveen Asset Management LLC acquired a new stake in Stifel Financial in the second quarter worth $42,459,000. Invesco Ltd. lifted its holdings in shares of Stifel Financial by 79.1% during the second quarter. Invesco Ltd. now owns 1,476,082 shares of the financial services provider’s stock valued at $87,177,000 after purchasing an additional 651,701 shares during the last quarter. Prudential Financial Inc. lifted its holdings in shares of Stifel Financial by 70.5% during the second quarter. Prudential Financial Inc. now owns 1,198,061 shares of the financial services provider’s stock valued at $70,758,000 after purchasing an additional 495,421 shares during the last quarter. APG Asset Management N.V. purchased a new stake in shares of Stifel Financial during the second quarter valued at $19,894,000. Finally, AGF Investments Inc. lifted its holdings in shares of Stifel Financial by 172.0% during the second quarter. AGF Investments Inc. now owns 190,414 shares of the financial services provider’s stock valued at $11,246,000 after purchasing an additional 120,414 shares during the last quarter. 86.29% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently issued reports on SF. ValuEngine cut Stifel Financial from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd. Zacks Investment Research upgraded Stifel Financial from a “sell” rating to a “hold” rating in a report on Saturday, September 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $62.60.
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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