Stifel Financial (NYSE:SF) Issues Earnings Results

Stifel Financial (NYSE:SF) announced its quarterly earnings data on Wednesday. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($0.10), Briefing.com reports. Stifel Financial had a net margin of 11.59% and a return on equity of 13.24%. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the prior year, the company posted $0.60 EPS. The firm’s revenue was up 17.2% on a year-over-year basis.

Stifel Financial Stock Up 2.5 %

Shares of NYSE SF traded up $2.54 during mid-day trading on Thursday, hitting $103.76. The company had a trading volume of 234,524 shares, compared to its average volume of 562,624. The business’s 50-day simple moving average is $91.23 and its 200 day simple moving average is $84.61. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.80. The company has a market capitalization of $10.64 billion, a PE ratio of 22.02 and a beta of 1.09. Stifel Financial has a 1-year low of $54.81 and a 1-year high of $104.70.

Stifel Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend was Tuesday, September 3rd. Stifel Financial’s payout ratio is currently 35.67%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SF. Citigroup boosted their price target on shares of Stifel Financial from $90.00 to $102.00 and gave the company a “neutral” rating in a research report on Friday, September 27th. JMP Securities upped their price objective on Stifel Financial from $105.00 to $110.00 and gave the company a “market outperform” rating in a report on Wednesday, October 9th. StockNews.com cut Stifel Financial from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. Wells Fargo & Company increased their target price on shares of Stifel Financial from $108.00 to $113.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, The Goldman Sachs Group lifted their price target on shares of Stifel Financial from $85.00 to $94.00 and gave the company a “neutral” rating in a research report on Thursday, September 26th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Stifel Financial has a consensus rating of “Hold” and an average price target of $97.50.

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.