Stifel Financial (NYSE:SF) Posts Quarterly Earnings Results

Stifel Financial (NYSE:SF) announced its earnings results on Wednesday. The financial services provider reported $1.60 EPS for the quarter, topping the consensus estimate of $1.54 by $0.06, Briefing.com reports. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Stifel Financial had a net margin of 11.59% and a return on equity of 13.33%. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period last year, the company posted $1.20 earnings per share.

Stifel Financial Trading Up 1.6 %

NYSE:SF traded up $1.40 on Friday, hitting $88.08. 96,033 shares of the stock were exchanged, compared to its average volume of 601,834. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 0.84. The stock has a market capitalization of $9.02 billion, a price-to-earnings ratio of 20.07 and a beta of 1.11. The company’s 50-day moving average price is $81.52 and its 200 day moving average price is $77.85. Stifel Financial has a 52 week low of $54.81 and a 52 week high of $88.51.

Stifel Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $1.68 annualized dividend and a yield of 1.91%. Stifel Financial’s dividend payout ratio is currently 38.18%.

Insider Activity

In other news, Director David A. Peacock sold 13,000 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $79.90, for a total value of $1,038,700.00. Following the completion of the transaction, the director now owns 18,646 shares in the company, valued at $1,489,815.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 4.57% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

SF has been the topic of a number of research reports. Citigroup boosted their target price on shares of Stifel Financial from $74.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Wolfe Research downgraded shares of Stifel Financial from an “outperform” rating to a “peer perform” rating in a research note on Monday. TD Cowen lifted their price target on shares of Stifel Financial from $85.00 to $88.00 and gave the stock a “hold” rating in a research note on Thursday. JMP Securities reiterated a “market outperform” rating and set a $88.00 price target on shares of Stifel Financial in a research note on Tuesday, April 9th. Finally, StockNews.com downgraded shares of Stifel Financial from a “buy” rating to a “hold” rating in a research report on Thursday. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $83.50.

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.