Rep. Josh Gottheimer Sells Off Shares of Stifel Financial Corp. (NYSE:SF)

Representative Josh Gottheimer (D-New Jersey) recently sold shares of Stifel Financial Corp. NYSE: SF. In a filing disclosed on November 06th, the Representative disclosed that they had sold between $1,001 and $15,000 in Stifel Financial stock on October 31st. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Texas Capital Bancshares NASDAQ: TCBI on 10/31/2024.
• Sold $1,001 - $15,000 in shares of ITT NYSE: ITT on 10/31/2024.
• Sold $1,001 - $15,000 in shares of ICU Medical NASDAQ: ICUI on 10/31/2024.
• Sold $1,001 - $15,000 in shares of AppFolio NASDAQ: APPF on 10/31/2024.
• Purchased $1,001 - $15,000 in shares of Gates Industrial NYSE: GTES on 10/31/2024.
• Purchased $1,001 - $15,000 in shares of Techtronic Industries OTCMKTS: TTNDY on 10/29/2024.
• Purchased $1,001 - $15,000 in shares of Techtronic Industries OTCMKTS: TTNDY on 10/28/2024.
• Purchased $1,001 - $15,000 in shares of Disco OTCMKTS: DSCSY on 10/28/2024.
• Purchased $1,001 - $15,000 in shares of Enerpac Tool Group NYSE: EPAC on 10/25/2024.
• Purchased $1,001 - $15,000 in shares of Disco OTCMKTS: DSCSY on 10/25/2024.

Stifel Financial Stock Performance

SF stock traded up $1.24 during trading on Friday, reaching $115.29. 447,253 shares of the company's stock were exchanged, compared to its average volume of 571,423. Stifel Financial Corp. has a 1-year low of $59.25 and a 1-year high of $117.76. The firm has a market cap of $11.82 billion, a PE ratio of 20.71 and a beta of 1.08. The company's fifty day moving average price is $95.56 and its 200-day moving average price is $86.87. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 0.38.

Stifel Financial (NYSE:SF - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share for the quarter, missing the consensus estimate of $1.60 by ($0.10). The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.20 billion. Stifel Financial had a return on equity of 15.11% and a net margin of 12.98%. The business's revenue for the quarter was up 17.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.60 EPS. On average, research analysts expect that Stifel Financial Corp. will post 6.44 EPS for the current fiscal year.

Stifel Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.46%. The ex-dividend date is Monday, December 2nd. Stifel Financial's dividend payout ratio is currently 30.38%.

Wall Street Analyst Weigh In

SF has been the subject of several recent analyst reports. TD Cowen increased their price objective on shares of Stifel Financial from $100.00 to $105.00 and gave the company a "hold" rating in a report on Thursday, October 24th. Citigroup upped their target price on Stifel Financial from $90.00 to $102.00 and gave the stock a "neutral" rating in a research report on Friday, September 27th. The Goldman Sachs Group lifted their price target on Stifel Financial from $85.00 to $94.00 and gave the company a "neutral" rating in a research report on Thursday, September 26th. JMP Securities upped their price objective on Stifel Financial from $105.00 to $110.00 and gave the company a "market outperform" rating in a report on Wednesday, October 9th. Finally, StockNews.com cut Stifel Financial from a "buy" rating to a "hold" rating in a research note on Thursday, October 3rd. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, Stifel Financial currently has a consensus rating of "Hold" and an average price target of $100.33.

Institutional Investors Weigh In On Stifel Financial

Several large investors have recently modified their holdings of the stock. CIBC Asset Management Inc lifted its position in shares of Stifel Financial by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 3,019 shares of the financial services provider's stock valued at $283,000 after acquiring an additional 102 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Stifel Financial by 27.7% in the third quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider's stock valued at $47,000 after purchasing an additional 109 shares in the last quarter. Tributary Capital Management LLC boosted its position in shares of Stifel Financial by 1.0% in the third quarter. Tributary Capital Management LLC now owns 12,603 shares of the financial services provider's stock worth $1,183,000 after buying an additional 126 shares during the period. CWM LLC grew its holdings in shares of Stifel Financial by 3.8% during the third quarter. CWM LLC now owns 3,940 shares of the financial services provider's stock valued at $370,000 after buying an additional 145 shares in the last quarter. Finally, OneDigital Investment Advisors LLC raised its position in Stifel Financial by 3.5% during the third quarter. OneDigital Investment Advisors LLC now owns 4,954 shares of the financial services provider's stock valued at $465,000 after buying an additional 166 shares during the period. 82.01% of the stock is owned by institutional investors.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2025. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2024 election. Gottheimer was first elected to the House in 2016. Prior to his election, Gottheimer worked for Microsoft, the Federal Communications Commission, and for the administration of President Bill Clinton (D). Click here for more information about Gottheimer's career. Gottheimer serves on the House Financial Services Committee, where is a member of three subcommittees. For more on Gottheimer's committee assignments, click here. Gottheimer became a co-chair of the Problem Solvers Caucus in February 2017. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

Stifel Financial Company Profile

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 and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.