Stifel Financial Corp (NYSE:SF) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its stake in Stifel Financial Corp (NYSE:SF) by 42.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,161 shares of the financial services provider’s stock after selling 18,106 shares during the quarter. SG Americas Securities LLC’s holdings in Stifel Financial were worth $1,386,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Meeder Asset Management Inc. acquired a new stake in Stifel Financial during the third quarter worth $38,000. NumerixS Investment Technologies Inc increased its stake in Stifel Financial by 75.0% during the second quarter. NumerixS Investment Technologies Inc now owns 700 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 300 shares during the last quarter. Pearl River Capital LLC acquired a new stake in Stifel Financial during the second quarter worth $46,000. Stonebridge Capital Advisors LLC acquired a new stake in Stifel Financial during the second quarter worth $61,000. Finally, Tower Research Capital LLC TRC increased its stake in Stifel Financial by 7,113.3% during the second quarter. Tower Research Capital LLC TRC now owns 1,082 shares of the financial services provider’s stock worth $64,000 after acquiring an additional 1,067 shares during the last quarter. 85.60% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have issued reports on the company. ValuEngine cut Stifel Financial from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. Zacks Investment Research upgraded Stifel Financial from a “sell” rating to a “hold” rating in a research report on Saturday, September 7th. One 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’s stock. The company presently has an average rating of “Hold” and an average price target of $62.60.

In related news, SVP Richard J. Himelfarb sold 10,000 shares of Stifel Financial stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $60.75, for a total value of $607,500.00. Following the completion of the transaction, the senior vice president now directly owns 103,774 shares in the company, valued at $6,304,270.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert Edward Grady sold 2,500 shares of Stifel Financial stock in a transaction on Friday, August 30th. The shares were sold at an average price of $53.45, for a total value of $133,625.00. Following the completion of the transaction, the director now owns 11,307 shares of the company’s stock, valued at $604,359.15. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,298 shares of company stock valued at $2,108,617. Company insiders own 3.77% of the company’s stock.

SF opened at $60.48 on Monday. Stifel Financial Corp has a 52 week low of $38.39 and a 52 week high of $61.94. The business has a fifty day simple moving average of $56.29 and a 200-day simple moving average of $56.62. The firm has a market cap of $4.10 billion, a P/E ratio of 11.45 and a beta of 1.88. The company has a quick ratio of 0.68, a current ratio of 0.74 and a debt-to-equity ratio of 0.58.

Stifel Financial (NYSE:SF) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.50 EPS for the quarter, topping the consensus estimate of $1.47 by $0.03. Stifel Financial had a return on equity of 14.68% and a net margin of 13.55%. The business had revenue of $821.50 million during the quarter, compared to analyst estimates of $798.53 million. During the same period last year, the business posted $1.35 earnings per share. The company’s quarterly revenue was up 11.3% on a year-over-year basis.

The company 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 $0.15 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.99%. Stifel Financial’s dividend payout ratio is currently 11.36%.

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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Institutional Ownership by Quarter for Stifel Financial (NYSE:SF)

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