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

Stifel Financial Corp. (NYSE:SF - Get Free Report) Director Michael J. Zimmerman sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $96.69, for a total value of $966,900.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Stifel Financial Stock Performance

NYSE:SF traded up $1.78 during trading hours on Friday, reaching $96.60. The company had a trading volume of 504,557 shares, compared to its average volume of 676,684. The business's 50 day moving average price is $89.45 and its 200-day moving average price is $101.35. The firm has a market cap of $9.92 billion, a PE ratio of 15.48 and a beta of 1.07. Stifel Financial Corp. has a 1-year low of $73.27 and a 1-year high of $120.64. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78.

Stifel Financial (NYSE:SF - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.64 by ($1.15). Stifel Financial had a net margin of 14.00% and a return on equity of 16.59%. The company had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.32 billion. During the same quarter last year, the company earned $1.49 earnings per share. Stifel Financial's revenue for the quarter was up 7.9% on a year-over-year basis. Research analysts forecast that Stifel Financial Corp. will post 8.26 EPS for the current year.

Stifel Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Monday, June 2nd. Stifel Financial's dividend payout ratio is currently 35.18%.

Institutional Trading of Stifel Financial

Several hedge funds have recently modified their holdings of SF. V Square Quantitative Management LLC purchased a new position in shares of Stifel Financial in the 4th quarter valued at about $26,000. NBC Securities Inc. purchased a new stake in Stifel Financial during the 1st quarter valued at approximately $26,000. Alpine Bank Wealth Management acquired a new stake in shares of Stifel Financial during the first quarter worth $27,000. Bessemer Group Inc. lifted its stake in shares of Stifel Financial by 52.1% in the 4th quarter. Bessemer Group Inc. now owns 321 shares of the financial services provider's stock worth $34,000 after acquiring an additional 110 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its position in Stifel Financial by 123.6% during the 1st 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 period. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on SF shares. Wolfe Research raised Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 target price on the stock in a report on Thursday, April 24th. Wells Fargo & Company decreased their target price on shares of Stifel Financial from $106.00 to $102.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Wall Street Zen upgraded shares of Stifel Financial from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. The Goldman Sachs Group lowered their target price on Stifel Financial from $121.00 to $105.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Stifel Financial from $123.00 to $100.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, 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.

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