Stifel Financial (NYSE:SF) Hits New 12-Month High at $93.17

Stifel Financial Corp. (NYSE:SF - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The company traded as high as $93.17 and last traded at $93.17, with a volume of 5832 shares traded. The stock had previously closed at $92.47.

Analysts Set New Price Targets

Several equities analysts recently issued reports on SF shares. Wells Fargo & Company assumed coverage on shares of Stifel Financial in a research note on Thursday, September 12th. They set an "overweight" rating and a $101.00 price objective on the stock. JMP Securities reissued a "market outperform" rating and set a $105.00 price target on shares of Stifel Financial in a research note on Monday, September 9th. TD Cowen lifted their price objective on Stifel Financial from $85.00 to $88.00 and gave the company a "hold" rating in a research report on Thursday, July 25th. Wolfe Research downgraded Stifel Financial from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 22nd. Finally, StockNews.com lowered Stifel Financial from a "buy" rating to a "hold" rating in a research note on Friday. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Stifel Financial presently has a consensus rating of "Hold" and an average price target of $90.40.

Stifel Financial Stock Down 0.1 %

The stock has a fifty day moving average of $85.15 and a two-hundred day moving average of $81.28. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 0.38. The stock has a market cap of $9.47 billion, a price-to-earnings ratio of 21.13 and a beta of 1.09.

Stifel Financial (NYSE:SF - Get Free Report) last released its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.06. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. Stifel Financial had a return on equity of 13.24% and a net margin of 11.59%. The company's revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.20 EPS. As a group, analysts predict that Stifel Financial Corp. will post 6.55 EPS for the current fiscal year.

Stifel Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend was Tuesday, September 3rd. Stifel Financial's dividend payout ratio is presently 38.18%.

Institutional Trading of Stifel Financial

A number of institutional investors have recently added to or reduced their stakes in SF. Norges Bank acquired a new position in shares of Stifel Financial during the fourth quarter worth about $84,369,000. Vanguard Group Inc. lifted its position in Stifel Financial by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 10,461,734 shares of the financial services provider's stock worth $817,794,000 after acquiring an additional 391,384 shares in the last quarter. Los Angeles Capital Management LLC boosted its holdings in Stifel Financial by 929.9% in the 2nd quarter. Los Angeles Capital Management LLC now owns 296,574 shares of the financial services provider's stock worth $24,957,000 after acquiring an additional 267,777 shares during the period. Earnest Partners LLC lifted its position in shares of Stifel Financial by 7.0% during the first quarter. Earnest Partners LLC now owns 2,932,059 shares of the financial services provider's stock worth $229,199,000 after purchasing an additional 191,896 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Stifel Financial by 12.8% in the first quarter. Principal Financial Group Inc. now owns 1,332,258 shares of the financial services provider's stock valued at $104,143,000 after purchasing an additional 151,046 shares during the period. 82.01% of the stock is owned by hedge funds and other 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.