Stifel Financial (NYSE:SF) Sets New 12-Month Low – What’s Next?

Stifel Financial Corporation (NYSE:SF)’s stock price hit a new 52-week low during trading on Monday . The stock traded as low as $67.81 and last traded at $68.0850, with a volume of 899488 shares trading hands. The stock had previously closed at $69.27.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. TD Cowen decreased their price target on shares of Stifel Financial from $136.00 to $92.00 and set a “hold” rating for the company in a research note on Monday, March 23rd. Zacks Research raised shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of Stifel Financial in a research note on Friday, May 29th. Finally, UBS Group cut their price objective on shares of Stifel Financial from $100.00 to $89.00 and set a “buy” rating on the stock in a report on Wednesday, April 8th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.15.

Stifel Financial Stock Up 1.3%

The firm has a market capitalization of $10.84 billion, a P/E ratio of 13.66 and a beta of 1.00. The company has a fifty day simple moving average of $73.69 and a 200 day simple moving average of $77.89. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 0.29.

Stifel Financial (NYSE:SF) last issued its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.06. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.51 billion. Stifel Financial had a return on equity of 18.76% and a net margin of 15.34%.The company’s revenue was up 17.7% on a year-over-year basis. During the same period last year, the company earned $0.49 earnings per share. On average, equities analysts expect that Stifel Financial Corporation will post 6.25 EPS for the current fiscal year.

Stifel Financial Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a $0.34 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.36 annualized dividend and a yield of 1.9%. Stifel Financial’s payout ratio is 26.46%.

Institutional Investors Weigh In On Stifel Financial

Institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC purchased a new position in Stifel Financial in the 3rd quarter worth approximately $29,000. Activest Wealth Management increased its holdings in shares of Stifel Financial by 12,000.0% in the 4th quarter. Activest Wealth Management now owns 242 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 240 shares in the last quarter. Pinnacle Holdings LLC purchased a new position in shares of Stifel Financial in the third quarter worth $32,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Stifel Financial during the fourth quarter valued at $34,000. Finally, JTC Employer Solutions Trustee Ltd lifted its holdings in shares of Stifel Financial by 49.8% during the first quarter. JTC Employer Solutions Trustee Ltd now owns 481 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 160 shares in the last quarter. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Stifel Financial Company Profile

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.