Stifel Financial Corp Sells 7,748 Shares of Casey's General Stores, Inc. (NASDAQ:CASY)

Stifel Financial Corp reduced its position in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 11.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 60,539 shares of the company's stock after selling 7,748 shares during the quarter. Stifel Financial Corp owned approximately 0.16% of Casey's General Stores worth $24,004,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Barclays PLC increased its stake in shares of Casey's General Stores by 110.5% in the third quarter. Barclays PLC now owns 22,487 shares of the company's stock valued at $8,450,000 after buying an additional 11,802 shares in the last quarter. Synovus Financial Corp grew its holdings in Casey's General Stores by 74.4% during the 3rd quarter. Synovus Financial Corp now owns 16,595 shares of the company's stock worth $6,235,000 after acquiring an additional 7,078 shares during the last quarter. Franklin Resources Inc. increased its position in Casey's General Stores by 49.9% in the 3rd quarter. Franklin Resources Inc. now owns 524,237 shares of the company's stock valued at $204,861,000 after acquiring an additional 174,586 shares in the last quarter. Oddo BHF Asset Management Sas bought a new position in shares of Casey's General Stores in the third quarter worth about $899,000. Finally, Logan Capital Management Inc. acquired a new position in shares of Casey's General Stores during the third quarter worth approximately $2,049,000. Institutional investors and hedge funds own 85.63% of the company's stock.

Insiders Place Their Bets

In other Casey's General Stores news, insider Katrina S. Lindsey sold 250 shares of Casey's General Stores stock in a transaction on Friday, April 4th. The shares were sold at an average price of $437.01, for a total value of $109,252.50. Following the sale, the insider now directly owns 2,443 shares in the company, valued at approximately $1,067,615.43. The trade was a 9.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mike Spanos acquired 256 shares of Casey's General Stores stock in a transaction dated Thursday, March 13th. The shares were acquired at an average price of $390.54 per share, with a total value of $99,978.24. Following the completion of the purchase, the director now owns 3,356 shares in the company, valued at approximately $1,310,652.24. The trade was a 8.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.56% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CASY. Gordon Haskett raised shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. Stephens upgraded shares of Casey's General Stores to a "strong-buy" rating in a research report on Monday, April 7th. Evercore ISI increased their price target on Casey's General Stores from $450.00 to $460.00 and gave the company an "outperform" rating in a research note on Tuesday, April 1st. Royal Bank of Canada set a $438.00 price objective on Casey's General Stores and gave the stock a "sector perform" rating in a research note on Wednesday, March 12th. Finally, StockNews.com lowered Casey's General Stores from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Casey's General Stores presently has a consensus rating of "Moderate Buy" and an average target price of $430.33.

Casey's General Stores Stock Up 1.5 %

Shares of Casey's General Stores stock traded up $6.89 on Monday, hitting $454.23. The company had a trading volume of 291,143 shares, compared to its average volume of 286,393. The stock has a 50-day moving average of $423.31 and a 200-day moving average of $413.61. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. Casey's General Stores, Inc. has a twelve month low of $313.67 and a twelve month high of $468.88. The firm has a market capitalization of $16.86 billion, a P/E ratio of 31.65, a P/E/G ratio of 2.40 and a beta of 0.74.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last announced its earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share for the quarter, topping analysts' consensus estimates of $1.76 by $0.57. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. The firm had revenue of $3.90 billion during the quarter, compared to analyst estimates of $3.74 billion. During the same period in the prior year, the business earned $2.33 EPS. The company's revenue for the quarter was up 17.2% compared to the same quarter last year. Research analysts predict that Casey's General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey's General Stores Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date is Thursday, May 1st. Casey's General Stores's dividend payout ratio is presently 13.94%.

About Casey's General Stores

Casey's General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.