Michael J. Zimmerman Sells 10,000 Shares of Stifel Financial Corp. (NYSE:SF) Stock

Stifel Financial Corp. (NYSE:SF) Director Michael J. Zimmerman sold 10,000 shares of Stifel Financial stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $96.69, for a total transaction of $966,900.00. Following the completion of the sale, the director now owns 45,833 shares of the company’s stock, valued at approximately $4,431,592.77. The trade was a 17.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Stifel Financial Stock Up 1.9%

Shares of NYSE:SF opened at $96.60 on Friday. The company has a fifty day moving average of $89.48 and a 200-day moving average of $101.15. The company has a market capitalization of $9.92 billion, a PE ratio of 15.48 and a beta of 1.07. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. Stifel Financial Corp. has a 52-week low of $73.27 and a 52-week high of $120.64.

Stifel Financial (NYSE:SF) last announced its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($1.15). The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.32 billion. Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the company posted $1.49 earnings per share. On average, equities analysts predict that Stifel Financial Corp. will post 8.26 EPS for the current fiscal year.

Stifel Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.46 per share. The ex-dividend date is Monday, June 2nd. This represents a $1.84 annualized dividend and a dividend yield of 1.90%. Stifel Financial’s dividend payout ratio (DPR) is presently 35.18%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. V Square Quantitative Management LLC acquired a new position in shares of Stifel Financial during the fourth quarter worth $26,000. NBC Securities Inc. bought a new stake in shares of Stifel Financial in the first quarter worth $26,000. Alpine Bank Wealth Management bought a new stake in shares of Stifel Financial in the first quarter worth $27,000. Allworth Financial LP grew its stake in shares of Stifel Financial by 67.7% in the first quarter. Allworth Financial LP now owns 337 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 136 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Stifel Financial by 123.6% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 183 shares during the last quarter. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SF has been the subject of several research analyst reports. TD Cowen lowered their price objective on shares of Stifel Financial from $124.00 to $84.00 and set a “hold” rating for the company in a research report on Wednesday, April 9th. Wells Fargo & Company lowered their price objective on shares of Stifel Financial from $106.00 to $102.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. Wolfe Research upgraded shares of Stifel Financial from a “peer perform” rating to an “outperform” rating and set a $108.00 price objective for the company in a research report on Thursday, April 24th. The Goldman Sachs Group lowered their price objective on shares of Stifel Financial from $121.00 to $105.00 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. Finally, Wall Street Zen upgraded shares of Stifel Financial from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $105.50.

Stifel Financial Company Profile

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.