Stifel Financial (NYSE:SF) Hits New 1-Year High at $89.11

Stifel Financial Corp. (NYSE:SF) shares reached a new 52-week high on Wednesday . The stock traded as high as $89.11 and last traded at $88.94, with a volume of 71502 shares traded. The stock had previously closed at $87.82.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. StockNews.com downgraded Stifel Financial from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Citigroup lifted their price target on Stifel Financial from $74.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Wolfe Research downgraded Stifel Financial from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 22nd. JMP Securities reaffirmed a “market outperform” rating and issued a $88.00 price target on shares of Stifel Financial in a research report on Tuesday, April 9th. Finally, TD Cowen lifted their price target on Stifel Financial from $85.00 to $88.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $83.50.

Stifel Financial Trading Up 1.0 %

The firm has a market capitalization of $9.09 billion, a P/E ratio of 20.16 and a beta of 1.11. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 0.35. The business has a 50-day moving average price of $81.85 and a 200-day moving average price of $78.34.

Stifel Financial (NYSE:SF) last announced its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.06. Stifel Financial had a return on equity of 13.33% and a net margin of 11.59%. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the prior year, the business posted $1.20 earnings per share. The business’s revenue was up 15.9% compared to the same quarter last year. Analysts anticipate that Stifel Financial Corp. will post 6.55 earnings per share for the current year.

Stifel Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend was Monday, June 3rd. Stifel Financial’s dividend payout ratio is currently 38.18%.

Insider Activity

In other Stifel Financial news, Director David A. Peacock sold 13,000 shares of the stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $79.90, for a total value of $1,038,700.00. Following the transaction, the director now owns 18,646 shares of the company’s stock, valued at $1,489,815.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 4.57% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Stifel Financial

Large investors have recently modified their holdings of the business. Raymond James & Associates grew its holdings in shares of Stifel Financial by 0.7% during the fourth quarter. Raymond James & Associates now owns 116,128 shares of the financial services provider’s stock worth $8,030,000 after buying an additional 752 shares in the last quarter. Pacer Advisors Inc. boosted its position in Stifel Financial by 74.8% during the fourth quarter. Pacer Advisors Inc. now owns 15,326 shares of the financial services provider’s stock valued at $1,060,000 after purchasing an additional 6,558 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Stifel Financial by 9.9% in the fourth quarter. Blue Trust Inc. now owns 2,125 shares of the financial services provider’s stock valued at $147,000 after buying an additional 192 shares during the last quarter. Trust Point Inc. acquired a new stake in shares of Stifel Financial in the fourth quarter valued at approximately $201,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Stifel Financial in the fourth quarter valued at approximately $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.