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

Shares of Stifel Financial Corp. (NYSE:SF) hit a new 52-week high during trading on Monday . The company traded as high as $118.33 and last traded at $117.98, with a volume of 63008 shares trading hands. The stock had previously closed at $116.22.

Analysts Set New Price Targets

SF has been the topic of several research reports. Citigroup upped their price objective on shares of Stifel Financial from $90.00 to $102.00 and gave the company a “neutral” rating in a report on Friday, September 27th. Wells Fargo & Company upped their price objective on shares of Stifel Financial from $113.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. TD Cowen boosted their target price on shares of Stifel Financial from $100.00 to $105.00 and gave the company a “hold” rating in a research report on Thursday, October 24th. JMP Securities increased their price target on shares of Stifel Financial from $105.00 to $110.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 9th. Finally, The Goldman Sachs Group boosted their price objective 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 analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $103.17.

Stifel Financial Stock Up 1.3 %

The stock has a market cap of $12.05 billion, a price-to-earnings ratio of 21.02 and a beta of 1.08. The firm’s fifty day moving average price is $102.16 and its two-hundred day moving average price is $89.66. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78.

Stifel Financial (NYSE:SF) last released its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.10). The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.20 billion. Stifel Financial had a net margin of 12.98% and a return on equity of 14.92%. The firm’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period last year, the business posted $0.60 earnings per share. Sell-side analysts forecast that Stifel Financial Corp. will post 6.44 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Monday, December 2nd. Stifel Financial’s payout ratio is 30.38%.

Insider Transactions at Stifel Financial

In other news, COO David D. Sliney sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $116.18, for a total transaction of $2,904,500.00. Following the completion of the sale, the chief operating officer now owns 159,619 shares in the company, valued at $18,544,535.42. This trade represents a 13.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 4.57% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. FMR LLC grew its position in Stifel Financial by 18.8% during the third quarter. FMR LLC now owns 7,956,412 shares of the financial services provider’s stock worth $747,107,000 after buying an additional 1,256,595 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Stifel Financial by 78.3% during the third quarter. Wellington Management Group LLP now owns 1,958,709 shares of the financial services provider’s stock worth $183,923,000 after purchasing an additional 860,465 shares in the last quarter. Los Angeles Capital Management LLC increased its position in shares of Stifel Financial by 929.9% in the second quarter. Los Angeles Capital Management LLC now owns 296,574 shares of the financial services provider’s stock worth $24,957,000 after purchasing an additional 267,777 shares during the last quarter. Icon Wealth Advisors LLC purchased a new stake in Stifel Financial in the third quarter valued at approximately $12,290,000. Finally, Renaissance Technologies LLC bought a new stake in Stifel Financial during the second quarter valued at approximately $7,415,000. Institutional investors own 82.01% of the company’s stock.

About Stifel Financial

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.