735K shares changed hands on Tuesday. Shares saw a steep increase in trading volume of 99.23% over the normal average daily volume.
Short traders are more bearish on the company if you consider the increase in short interest. The company recorded a rise in short interest of 3.74% as of October 13, 2017 from the last reporting period. Short shares grew from 3,047,722 to 3,161,733 over that period. With short interest at 3,161,733 and short average daily volume at 325,091, days to cover is 10.0 and the percentage of shorted shares is 0.05% as of October 13.
Here are a few substantial investment firms who have updated their positions. As of the end of the quarter Regions Financial Corp had disposed of a total of 93 shares trimming its position 16.6%. The value of the total investment in Stifel Financial Corporation decreased from $26,000 to $25,000 a change of $1,000 quarter to quarter. As of quarter end Parkside Financial Bank & Trust had sold 26 shares trimming its holdings by 2.6%. The value in dollars went from $46,000 to $52,000 a change of 13.0% for the reporting period.
As of quarter end Nj State Employees Deferred Compensation Plan had sold 7,000 shares trimming its stake by 28.0%. The value of the company’s investment in Stifel Financial Corporation decreased from $1,150,000 to $962,000 decreasing 16.3% quarter over quarter. As of quarter end Aperio Group, LLC had disposed of a total of 2,953 shares trimming its position 9.0%. The value of the investment in Stifel Financial Corporation increased from $1,515,000 to $1,603,000 increasing 5.8% since the last quarter.
The company is so far trading up from yesterday’s close of $53.03. Additionally the company declared a dividend for shareholders that was paid on Friday the 15th of September 2017. The dividend payment was $0.100 per share for the quarter or $0.40 on an annualized basis. This dividend represents a yield of $0.77 which is the dividend as a percentage of the current share price. The ex-dividend date was set for Wednesday the 30th of August 2017.
The stock is trading at $53.03 slightly over the 50 day moving average which is $51.83 and which is marginally over the 200 day moving average of $48.27. The 50 day moving average was up $1.20 or +2.31% and the 200 day average went up by +9.87%.
The company’s P/E ratio is 27.38 and the market cap of the company is 3.62B. As of the last earnings report the EPS was $1.94 and is projected to be $3.44 for the current year with 68,309,000 shares outstanding. Next quarter’s EPS is expected be $0.90 and the next full year EPS is projected to be $3.92.
Stifel Financial Corp., launched on December 31, 1981, is a financial holding company. The Company operates through three segments: Global Wealth Management, Institutional Group and Other. The Business’s principal subsidiary is Stifel, Nicolaus & Company, Incorporated (Stifel), a full-service retail and institutional wealth management and investment banking company. Its principal activities are private client services, including securities transaction and financial planning services; institutional equity and fixed income sales, trading, research and municipal finance; investment banking services, including mergers and acquisitions, public offerings and private placements, and retail and commercial banking, including personal and commercial lending programs. The Global Wealth Management segment consists of two businesses, such as the Private Client Group and Stifel Bank. The Private Client Group includes branch offices and independent contractor offices of its broker-dealer subsidiaries located throughout the United States. These branches provide securities brokerage services, including the sale of equities, mutual funds, fixed income products and insurance, as well as offers banking products to its private clients through Stifel Bank, which provides residential, consumer and commercial lending, as well as the Federal Deposit Insurance Corporation (FDIC)-insured deposit accounts to customers of its broker-dealer subsidiaries and to the general public. The Institutional Group segment includes research, equity and fixed income institutional sales and trading, investment banking, public finance, and syndicate. The Other segment includes interest income from stock borrow activities and interest income, among others..