Stifel Financial (NYSE:SF) Hits New 1-Year Low – Time to Sell?

Shares of Stifel Financial Corporation (NYSE:SF) reached a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $67.67 and last traded at $67.7790, with a volume of 332,204 shares changing hands. The stock had previously closed at $69.70.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SF. BMO Capital Markets dropped their price objective on Stifel Financial from $85.00 to $75.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 6th. Wall Street Zen cut Stifel Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. Capital One Financial set a $75.00 target price on Stifel Financial in a report on Tuesday, October 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of Stifel Financial in a research note on Wednesday, August 26th. Finally, JPMorgan Chase & Co. dropped their price target on Stifel Financial from $86.00 to $82.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 6th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $86.08.

Stifel Financial Stock Performance

The company has a 50-day moving average of $76.98 and a 200-day moving average of $76.12. The company has a market cap of $10.36 billion, a PE ratio of 12.28 and a beta of 1.01. The company has a quick ratio of 0.83, a current ratio of 0.88 and a debt-to-equity ratio of 0.33.

Stifel Financial (NYSE:SF) last released its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.09. Stifel Financial had a net margin of 16.11% and a return on equity of 19.22%. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the previous year, the company earned $1.71 earnings per share. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, analysts anticipate that Stifel Financial Corporation will post 6.17 earnings per share for the current year.

Stifel Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Tuesday, September 1st. Stifel Financial’s dividend payout ratio (DPR) is currently 24.33%.

Insider Activity at Stifel Financial

In other Stifel Financial news, Director Maryam Brown sold 4,700 shares of the business’s stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $79.20, for a total transaction of $372,240.00. Following the sale, the director owned 5,729 shares of the company’s stock, valued at $453,736.80. The trade was a 45.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.36% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Stifel Financial

Hedge funds have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd purchased a new stake in Stifel Financial in the fourth quarter worth approximately $34,000. Danske Bank A S purchased a new stake in Stifel Financial during the 2nd quarter valued at about $31,000. Elevation Wealth Partners LLC boosted its holdings in Stifel Financial by 92.8% during the 3rd quarter. Elevation Wealth Partners LLC now owns 457 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 220 shares during the period. JTC Employer Solutions Trustee Ltd grew its position in Stifel Financial by 49.8% during the 1st quarter. JTC Employer Solutions Trustee Ltd now owns 481 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 160 shares during the last quarter. Finally, Keating Financial Advisory Services Inc. bought a new position in Stifel Financial during the 2nd quarter worth approximately $35,000. 82.01% of the stock is currently 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. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company provides wealth management, investment banking, institutional brokerage, equity and fixed-income research, securities trading, and asset management services.

Its wealth management business serves individual investors, families, businesses, and institutions through financial planning, investment advisory, brokerage, banking, and related services.