Stifel Financial Target of Unusually High Options Trading (SF)
Stifel Financial Corporation (NYSE:SF) was the recipient of some unusual options trading on Monday. Stock investors purchased 854 call options on the stock. This represents an increase of approximately 1,086% compared to the typical daily volume of 72 call options.
In related news, Director James M. Oates sold 1,768 shares of the business’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $52.27, for a total value of $92,413.36. Following the transaction, the director now owns 28,640 shares in the company, valued at approximately $1,497,012.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas B. Michaud sold 24,536 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $52.40, for a total value of $1,285,686.40. Following the completion of the transaction, the insider now owns 60,589 shares in the company, valued at approximately $3,174,863.60. The disclosure for this sale can be found here. Insiders sold a total of 54,304 shares of company stock worth $2,869,480 in the last 90 days. 3.60% of the stock is currently owned by insiders.
Several large investors have recently made changes to their positions in SF. Stifel Financial Corp boosted its stake in shares of Stifel Financial by 1,010.0% during the 3rd quarter. Stifel Financial Corp now owns 1,373,271 shares of the financial services provider’s stock worth $73,418,000 after acquiring an additional 1,249,556 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Stifel Financial by 22.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,804,119 shares of the financial services provider’s stock worth $128,934,000 after acquiring an additional 519,247 shares in the last quarter. Macquarie Group Ltd. boosted its stake in shares of Stifel Financial by 19.2% during the 2nd quarter. Macquarie Group Ltd. now owns 2,174,947 shares of the financial services provider’s stock worth $100,004,000 after acquiring an additional 350,536 shares in the last quarter. American Century Companies Inc. purchased a new stake in shares of Stifel Financial during the 3rd quarter worth approximately $18,226,000. Finally, Balyasny Asset Management LLC boosted its stake in shares of Stifel Financial by 269.1% during the 2nd quarter. Balyasny Asset Management LLC now owns 351,021 shares of the financial services provider’s stock worth $16,140,000 after acquiring an additional 255,913 shares in the last quarter. 88.58% of the stock is currently owned by institutional investors and hedge funds.
Stifel Financial (NYSE:SF) last announced its quarterly earnings results on Monday, October 30th. The financial services provider reported $0.89 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.06. The business had revenue of $721.20 million for the quarter, compared to analyst estimates of $701.12 million. Stifel Financial had a return on equity of 9.78% and a net margin of 7.61%. The company’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.69 EPS. equities research analysts forecast that Stifel Financial will post 3.45 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Thursday, November 30th. Stifel Financial’s dividend payout ratio (DPR) is 15.94%.
A number of brokerages have weighed in on SF. Wells Fargo & Company raised Stifel Financial from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $56.00 to $64.00 in a report on Friday, December 1st. Nomura lifted their price objective on Stifel Financial from $56.00 to $58.00 and gave the company a “neutral” rating in a report on Tuesday, October 31st. Zacks Investment Research raised Stifel Financial from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a report on Thursday, October 5th. JMP Securities reaffirmed a “neutral” rating on shares of Stifel Financial in a report on Friday, August 18th. Finally, BidaskClub lowered Stifel Financial from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Stifel Financial currently has a consensus rating of “Hold” and an average price target of $58.67.
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About Stifel Financial
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.
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