Stifel Financial (SF) Scheduled to Post Earnings on Wednesday

Stifel Financial (NYSE:SF) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, April 24th. Analysts expect Stifel Financial to post earnings of $1.62 per share for the quarter.

Stifel Financial (NYSE:SF) last released its earnings results on Wednesday, January 24th. The financial services provider reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.19. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.09 billion. Stifel Financial had a net margin of 11.60% and a return on equity of 12.32%. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.58 EPS. On average, analysts expect Stifel Financial to post $7 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Stifel Financial Stock Performance

NYSE:SF opened at $74.89 on Friday. The company has a market capitalization of $7.70 billion, a PE ratio of 17.50 and a beta of 1.18. The company has a 50 day simple moving average of $75.79 and a two-hundred day simple moving average of $68.60. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.79 and a current ratio of 0.82. Stifel Financial has a fifty-two week low of $54.81 and a fifty-two week high of $78.33.

Stifel Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend was Thursday, February 29th. This is an increase from Stifel Financial’s previous quarterly dividend of $0.36. Stifel Financial’s dividend payout ratio is currently 39.25%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SF. StockNews.com raised shares of Stifel Financial from a “hold” rating to a “buy” rating in a research report on Thursday, January 25th. TD Cowen raised their price objective on shares of Stifel Financial from $86.50 to $92.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. UBS Group raised their price objective on shares of Stifel Financial from $74.00 to $78.00 and gave the stock a “neutral” rating in a research report on Monday, January 29th. JMP Securities reaffirmed a “market outperform” rating and set a $88.00 price objective on shares of Stifel Financial in a research report on Tuesday, April 9th. Finally, Citigroup raised their price objective 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. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $84.50.

Insider Buying and Selling

In related news, SVP Thomas B. Michaud sold 25,421 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $74.26, for a total value of $1,887,763.46. Following the transaction, the senior vice president now directly owns 90,055 shares in the company, valued at approximately $6,687,484.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Victor Nesi sold 36,000 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $75.37, for a total value of $2,713,320.00. Following the transaction, the insider now directly owns 54,732 shares in the company, valued at approximately $4,125,150.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Thomas B. Michaud sold 25,421 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $74.26, for a total value of $1,887,763.46. Following the transaction, the senior vice president now owns 90,055 shares in the company, valued at $6,687,484.30. The disclosure for this sale can be found here. 3.52% of the stock is owned by company insiders.

Hedge Funds Weigh In On Stifel Financial

Several large investors have recently bought and sold shares of SF. Belpointe Asset Management LLC lifted its stake in Stifel Financial by 111.4% during the 1st quarter. Belpointe Asset Management LLC now owns 687 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 362 shares in the last quarter. Industrial Alliance Investment Management Inc. raised its stake in shares of Stifel Financial by 321.8% during the 4th quarter. Industrial Alliance Investment Management Inc. now owns 831 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 634 shares during the period. State of Wyoming raised its stake in shares of Stifel Financial by 35.1% during the 2nd quarter. State of Wyoming now owns 908 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 236 shares during the period. KBC Group NV bought a new stake in shares of Stifel Financial during the 4th quarter worth $122,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Stifel Financial during the 4th quarter worth $139,000. 82.01% of the stock is currently owned by institutional investors.

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.