Stifel Financial Corp (NYSE:SF) Short Interest Down 27.9% in August

Stifel Financial Corp (NYSE:SF) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 1,856,300 shares, a drop of 27.9% from the July 31st total of 2,575,100 shares. Based on an average trading volume of 414,800 shares, the days-to-cover ratio is currently 4.5 days. Approximately 2.8% of the shares of the company are sold short.

Shares of Stifel Financial stock traded down $0.05 during midday trading on Friday, hitting $58.54. 358,133 shares of the company were exchanged, compared to its average volume of 437,949. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.74 and a quick ratio of 0.67. The firm has a market cap of $4.06 billion, a P/E ratio of 11.09, a PEG ratio of 1.71 and a beta of 1.88. Stifel Financial has a 52 week low of $38.39 and a 52 week high of $61.94. The firm has a 50 day simple moving average of $54.72 and a 200-day simple moving average of $56.32.

Stifel Financial (NYSE:SF) last posted its earnings results on Tuesday, July 30th. The financial services provider reported $1.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.07. The business had revenue of $800.80 million during the quarter, compared to the consensus estimate of $780.94 million. Stifel Financial had a return on equity of 14.73% and a net margin of 13.73%. Stifel Financial’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company earned $1.22 EPS. Equities research analysts expect that Stifel Financial will post 5.68 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Tuesday, September 3rd will be given a dividend of $0.15 per share. The ex-dividend date is Friday, August 30th. This represents a $0.60 annualized dividend and a dividend yield of 1.02%. Stifel Financial’s dividend payout ratio (DPR) is presently 11.36%.

A number of analysts have commented on the company. ValuEngine downgraded Stifel Financial from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Compass Point initiated coverage on Stifel Financial in a research report on Thursday, May 30th. They set a “buy” rating and a $65.00 target price for the company. Finally, Zacks Investment Research upgraded Stifel Financial from a “sell” rating to a “hold” rating in a research report on Saturday, September 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $62.67.

In other Stifel Financial news, VP Mark P. Fisher sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $59.33, for a total value of $593,300.00. Following the completion of the sale, the vice president now owns 24,911 shares in the company, valued at approximately $1,477,969.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Victor Nesi sold 1,415 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $60.12, for a total value of $85,069.80. Following the completion of the sale, the insider now owns 179,910 shares of the company’s stock, valued at approximately $10,816,189.20. The disclosure for this sale can be found here. Insiders sold a total of 32,162 shares of company stock valued at $1,847,997 in the last quarter. Corporate insiders own 3.77% of the company’s stock.

Several institutional investors have recently bought and sold shares of SF. Ladenburg Thalmann Financial Services Inc. raised its position in Stifel Financial by 22.1% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,170 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 212 shares during the last quarter. NumerixS Investment Technologies Inc raised its position in Stifel Financial by 75.0% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 700 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 300 shares during the last quarter. First Mercantile Trust Co. raised its position in Stifel Financial by 14.1% in the 2nd quarter. First Mercantile Trust Co. now owns 2,499 shares of the financial services provider’s stock valued at $148,000 after purchasing an additional 309 shares during the last quarter. LPL Financial LLC raised its position in Stifel Financial by 6.5% in the 2nd quarter. LPL Financial LLC now owns 5,704 shares of the financial services provider’s stock valued at $337,000 after purchasing an additional 347 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its position in Stifel Financial by 1.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 28,889 shares of the financial services provider’s stock valued at $1,706,000 after purchasing an additional 411 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

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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