Stifel Financial (NYSE:SF) Hits New 1-Year Low – Here’s What Happened

Shares of Stifel Financial Corporation (NYSE:SF) reached 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.

Analyst Upgrades and Downgrades

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

Stifel Financial Price Performance

The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 0.85. The stock has a market capitalization of $10.45 billion, a P/E ratio of 13.27 and a beta of 1.00. The business has a fifty day simple moving average of $74.20 and a 200-day simple moving average of $78.13.

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

Stifel Financial Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Monday, June 1st. Stifel Financial’s dividend payout ratio (DPR) is 26.46%.

Institutional Investors Weigh In On Stifel Financial

Several institutional investors have recently added to or reduced their stakes in SF. Horizon Investments LLC grew its position in shares of Stifel Financial by 146.7% during the 4th quarter. Horizon Investments LLC now owns 63,089 shares of the financial services provider’s stock valued at $7,900,000 after purchasing an additional 37,516 shares in the last quarter. Brandywine Oak Private Wealth LLC raised its position in shares of Stifel Financial by 40.0% in the first quarter. Brandywine Oak Private Wealth LLC now owns 66,682 shares of the financial services provider’s stock worth $4,929,000 after buying an additional 19,053 shares in the last quarter. Strs Ohio boosted its stake in Stifel Financial by 25.8% during the fourth quarter. Strs Ohio now owns 72,168 shares of the financial services provider’s stock valued at $9,037,000 after buying an additional 14,779 shares during the period. New Age Alpha Advisors LLC boosted its stake in Stifel Financial by 38.2% during the fourth quarter. New Age Alpha Advisors LLC now owns 55,946 shares of the financial services provider’s stock valued at $7,006,000 after buying an additional 15,470 shares during the period. Finally, Polianta Ltd purchased a new position in Stifel Financial during the first quarter worth about $1,522,000. 82.01% of the stock is owned by hedge funds and other institutional investors.

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.