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

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

Stifel Financial Stock Performance

Stifel Financial stock opened at $114.44 on Friday. Stifel Financial Corp. has a 1-year low of $60.17 and a 1-year high of $118.12. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $11.71 billion, a PE ratio of 20.69 and a beta of 1.08. The firm’s 50 day simple moving average is $99.14 and its 200 day simple moving average is $88.41.

Stifel Financial (NYSE:SF) last released 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 firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.20 billion. Stifel Financial had a return on equity of 14.92% and a net margin of 12.98%. The company’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.60 EPS. As a group, analysts expect that Stifel Financial Corp. will post 6.44 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.47%. Stifel Financial’s dividend payout ratio (DPR) is presently 30.38%.

Analysts Set New Price Targets

A number of brokerages have recently commented on SF. StockNews.com cut Stifel Financial from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. TD Cowen increased their target price on shares of Stifel Financial from $100.00 to $105.00 and gave the stock a “hold” rating in a research report on Thursday, October 24th. Wolfe Research lowered shares of Stifel Financial from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 22nd. JMP Securities raised their price objective on shares of Stifel Financial from $105.00 to $110.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 9th. Finally, The Goldman Sachs Group boosted their target price on shares of Stifel Financial from $85.00 to $94.00 and gave the company a “neutral” rating in a report on Thursday, September 26th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $103.17.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. SageView Advisory Group LLC bought a new position in Stifel Financial in the first quarter valued at $1,251,000. SG Americas Securities LLC purchased a new position in shares of Stifel Financial during the 2nd quarter valued at about $1,543,000. Blue Trust Inc. lifted its position in Stifel Financial by 268.6% in the 2nd quarter. Blue Trust Inc. now owns 8,798 shares of the financial services provider’s stock worth $688,000 after buying an additional 6,411 shares during the last quarter. Capital CS Group LLC purchased a new stake in Stifel Financial in the second quarter worth approximately $614,000. Finally, Harbor Capital Advisors Inc. grew 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 valued at $2,224,000 after acquiring an additional 19,291 shares during the last quarter. 82.01% of the stock is currently owned by institutional investors.

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.