Stifel Financial (NYSE:SF) Announces Earnings Results

Stifel Financial (NYSE:SF) issued its quarterly earnings results on Wednesday. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.09, FiscalAI reports. Stifel Financial had a return on equity of 18.76% and a net margin of 15.34%.The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.42 billion.

Stifel Financial Price Performance

Stifel Financial stock opened at $77.49 on Wednesday. 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 has a 52-week low of $67.81 and a 52-week high of $89.83. The firm has a market cap of $11.89 billion, a PE ratio of 15.08 and a beta of 1.01. The company’s 50 day moving average is $73.05 and its two-hundred day moving average is $76.87.

Stifel Financial Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a dividend of $0.34 per share. The ex-dividend date was Monday, June 1st. This represents a $1.36 dividend on an annualized basis and a yield of 1.8%. Stifel Financial’s dividend payout ratio is 26.46%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. UBS Group reissued a “buy” rating and issued a $86.00 price target (down from $89.00) on shares of Stifel Financial in a research note on Wednesday, July 8th. Zacks Research upgraded shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stifel Financial in a report on Friday, May 29th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Stifel Financial has a consensus rating of “Moderate Buy” and an average price target of $91.75.

Institutional Trading of Stifel Financial

Large investors have recently modified their holdings of the stock. Brown Brothers Harriman & Co. lifted its holdings in shares of Stifel Financial by 15.0% during 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 during the period. Steward Partners Investment Advisory LLC increased its stake in Stifel Financial by 0.5% in 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 during the period. Principal Securities Inc. increased its stake 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 valued at $241,000 after buying an additional 124 shares during the period. Clark Capital Management Group Inc. raised its position in Stifel Financial by 3.8% during 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 last quarter. Finally, NewEdge Advisors LLC raised its position in Stifel Financial by 5.8% during 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 during the last quarter. Hedge funds and other institutional investors own 82.01% of the company’s stock.

About Stifel Financial

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.