Stifel Financial Corporation (NYSE:SF) Director Kelvin R. Westbrook sold 5,200 shares of the business’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $48.08, for a total value of $250,016.00. Following the transaction, the director now owns 6,684 shares of the company’s stock, valued at approximately $321,366.72. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Stifel Financial Corporation (SF) traded down 1.32% during mid-day trading on Monday, hitting $47.76. The stock had a trading volume of 366,373 shares. Stifel Financial Corporation has a 1-year low of $36.71 and a 1-year high of $56.62. The stock has a 50 day moving average of $48.62 and a 200-day moving average of $48.78. The firm has a market cap of $3.26 billion, a P/E ratio of 24.66 and a beta of 1.71.

Stifel Financial Corporation (NYSE:SF) last announced its quarterly earnings data on Monday, July 31st. The financial services provider reported $0.90 EPS for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.14. The firm had revenue of $725.60 million for the quarter, compared to analyst estimates of $689.67 million. Stifel Financial Corporation had a return on equity of 9.30% and a net margin of 6.03%. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period last year, the company earned $0.69 EPS. Analysts predict that Stifel Financial Corporation will post $3.43 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a $0.10 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.83%.

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A number of research firms have recently commented on SF. Zacks Investment Research downgraded Stifel Financial Corporation from a “buy” rating to a “sell” rating in a research note on Tuesday, May 16th. Nomura reissued a “neutral” rating on shares of Stifel Financial Corporation in a research note on Tuesday, May 23rd. BidaskClub raised Stifel Financial Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Wells Fargo & Company reissued a “market perform” rating and issued a $50.00 price objective (down previously from $54.00) on shares of Stifel Financial Corporation in a research note on Monday, June 12th. Finally, Instinet downgraded Stifel Financial Corporation from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $60.00 to $51.00 in a research note on Tuesday, May 23rd. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $53.33.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can raised its position in shares of Stifel Financial Corporation by 40.7% in the first quarter. Bank of Montreal Can now owns 72,906 shares of the financial services provider’s stock worth $3,659,000 after buying an additional 21,090 shares during the last quarter. South State Corp raised its position in shares of Stifel Financial Corporation by 6.3% in the first quarter. South State Corp now owns 15,338 shares of the financial services provider’s stock worth $770,000 after buying an additional 915 shares during the last quarter. Chicago Equity Partners LLC purchased a new position in shares of Stifel Financial Corporation during the first quarter worth approximately $2,129,000. Legal & General Group Plc raised its position in shares of Stifel Financial Corporation by 15.4% in the first quarter. Legal & General Group Plc now owns 79,443 shares of the financial services provider’s stock worth $3,985,000 after buying an additional 10,626 shares during the last quarter. Finally, Peregrine Capital Management LLC raised its position in shares of Stifel Financial Corporation by 0.3% in the second quarter. Peregrine Capital Management LLC now owns 716,300 shares of the financial services provider’s stock worth $32,935,000 after buying an additional 1,887 shares during the last quarter. Hedge funds and other institutional investors own 85.81% of the company’s stock.

About Stifel Financial Corporation

Stifel Financial Corp. is a financial holding company. Its principal subsidiary is Stifel, Nicolaus & Company, Incorporated, a retail and institutional wealth management and investment banking firm. It operates through three segments: Global Wealth Management, Institutional Group and Other. The Global Wealth Management segment consists of the Private Client Group and Stifel Bank businesses.

Insider Buying and Selling by Quarter for Stifel Financial Corporation (NYSE:SF)

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