Stifel Financial Sees Unusually High Options Volume (SF)

Stifel Financial Corp (NYSE:SF) saw unusually large options trading activity on Tuesday. Stock traders acquired 857 put options on the company. This is an increase of 1,124% compared to the average daily volume of 70 put options.

A number of research firms recently weighed in on SF. Wells Fargo & Co upped their price objective on shares of Stifel Financial from $71.00 to $72.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Nomura upped their price objective on shares of Stifel Financial from $77.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Goldman Sachs Group raised shares of Stifel Financial from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $56.00 to $77.00 in a research note on Monday, January 8th. Zacks Investment Research raised shares of Stifel Financial from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research note on Friday, January 5th. Finally, Instinet raised shares of Stifel Financial from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 3rd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $67.67.

Shares of Stifel Financial (SF) opened at $62.74 on Thursday. The company has a market cap of $4,300.00, a PE ratio of 27.28, a price-to-earnings-growth ratio of 1.02 and a beta of 1.69. Stifel Financial has a 1 year low of $41.93 and a 1 year high of $68.76. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.68.

Stifel Financial (NYSE:SF) last released its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $1.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.55. The business had revenue of $804.10 million during the quarter, compared to analyst estimates of $745.44 million. Stifel Financial had a net margin of 6.25% and a return on equity of 12.05%. The company’s quarterly revenue was up 21.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.68 earnings per share. equities research analysts predict that Stifel Financial will post 5.1 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.77%. This is a positive change from Stifel Financial’s previous quarterly dividend of $0.10. The ex-dividend date is Wednesday, February 28th. Stifel Financial’s dividend payout ratio is presently 17.39%.

In related news, Vice Chairman Ben A. Plotkin sold 20,000 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $53.70, for a total value of $1,074,000.00. Following the completion of the sale, the insider now directly owns 96,226 shares of the company’s stock, valued at $5,167,336.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.60% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the business. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Stifel Financial during the fourth quarter valued at about $125,000. Public Employees Retirement System of Ohio lifted its position in shares of Stifel Financial by 5.0% during the second quarter. Public Employees Retirement System of Ohio now owns 2,379 shares of the financial services provider’s stock valued at $109,000 after buying an additional 113 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Stifel Financial during the third quarter valued at about $137,000. MML Investors Services LLC purchased a new stake in shares of Stifel Financial during the fourth quarter valued at about $216,000. Finally, Cornerstone Wealth Management LLC acquired a new position in shares of Stifel Financial during the fourth quarter valued at about $236,000. 89.63% of the stock is owned by institutional investors and hedge funds.

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Stifel Financial Company Profile

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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