Stifel Financial (NYSE:SF) Issues Earnings Results, Beats Expectations By $0.06 EPS

Stifel Financial (NYSE:SFGet Free Report) issued its earnings results on Wednesday. The financial services provider reported $1.45 EPS for the quarter, topping the consensus estimate of $1.39 by $0.06, FiscalAI reports. Stifel Financial had a return on equity of 15.53% and a net margin of 12.37%.The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter last year, the company earned $0.49 EPS. The firm’s revenue was up 17.7% compared to the same quarter last year.

Stifel Financial Stock Performance

Shares of SF opened at $77.39 on Thursday. The business’s fifty day simple moving average is $75.44 and its two-hundred day simple moving average is $79.70. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 0.25. Stifel Financial has a 12 month low of $54.49 and a 12 month high of $89.83. The company has a market cap of $11.98 billion, a price-to-earnings ratio of 19.74 and a beta of 1.10.

Stifel Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.51 per share. The ex-dividend date was Monday, March 2nd. This is a positive change from Stifel Financial’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.6%. Stifel Financial’s dividend payout ratio is currently 34.69%.

Stifel Financial News Summary

Here are the key news stories impacting Stifel Financial this week:

Analyst Ratings Changes

A number of brokerages recently commented on SF. Weiss Ratings raised Stifel Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. Stifel Nicolaus set a $92.00 price objective on shares of Stifel Financial in a report on Wednesday, January 14th. Wolfe Research reaffirmed an “outperform” rating and issued a $99.33 target price on shares of Stifel Financial in a research report on Wednesday, January 7th. JPMorgan Chase & Co. lifted their target price on shares of Stifel Financial from $88.67 to $90.67 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Finally, UBS Group reduced their price target on shares of Stifel Financial from $100.00 to $89.00 and set a “buy” rating on the stock in a research report on Wednesday, April 8th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $91.15.

View Our Latest Stock Report on SF

Insider Buying and Selling

In other news, insider David Rubulotta sold 600 shares of Stifel Financial stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $82.87, for a total value of $49,724.00. Following the completion of the sale, the insider directly owned 1,488 shares in the company, valued at $123,315.52. The trade was a 28.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.28% of the company’s stock.

Institutional Trading of Stifel Financial

Several large investors have recently added to or reduced their stakes in SF. Brown Brothers Harriman & Co. increased its stake in shares of Stifel Financial by 15.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 811 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 106 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its stake in shares of Stifel Financial by 0.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 23,449 shares of the financial services provider’s stock valued at $2,936,000 after buying an additional 114 shares in the last quarter. Principal Securities Inc. boosted its holdings in Stifel Financial by 6.9% in the 4th quarter. Principal Securities Inc. now owns 1,926 shares of the financial services provider’s stock worth $241,000 after buying an additional 124 shares during the period. Clark Capital Management Group Inc. boosted its holdings in Stifel Financial by 3.8% in the 3rd quarter. Clark Capital Management Group Inc. now owns 3,642 shares of the financial services provider’s stock worth $413,000 after buying an additional 134 shares during the period. Finally, NewEdge Advisors LLC increased its stake in Stifel Financial by 5.8% in the 1st quarter. NewEdge Advisors LLC now owns 2,673 shares of the financial services provider’s stock worth $252,000 after buying an additional 147 shares in the last quarter. 82.01% of the stock is currently owned by institutional investors.

Stifel Financial Company Profile

(Get Free Report)

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full?service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research?driven insights.

The firm’s main business activities are organized into two core segments: Private Client Group and Institutional Group.

See Also

Earnings History for Stifel Financial (NYSE:SF)

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