Shares of Stifel Financial Corp. (NYSE:SF - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $94.48 and last traded at $94.05, with a volume of 29893 shares trading hands. The stock had previously closed at $93.40.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on the company. Citigroup lifted their price objective on Stifel Financial from $90.00 to $102.00 and gave the stock a "neutral" rating in a research note on Friday, September 27th. StockNews.com downgraded Stifel Financial from a "buy" rating to a "hold" rating in a research report on Friday, September 20th. JMP Securities reissued a "market outperform" rating and issued a $105.00 price objective on shares of Stifel Financial in a research report on Monday, September 9th. The Goldman Sachs Group raised their price objective on shares of Stifel Financial from $85.00 to $94.00 and gave the stock a "neutral" rating in a research note on Thursday, September 26th. Finally, Wolfe Research cut shares of Stifel Financial from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 22nd. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $94.67.
Check Out Our Latest Stock Analysis on SF
Stifel Financial Stock Up 1.1 %
The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 0.38. The business's fifty day moving average price is $86.50 and its 200 day moving average price is $82.20. The company has a market capitalization of $9.68 billion, a P/E ratio of 21.40 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 analysts' consensus estimates of $1.54 by $0.06. Stifel Financial had a return on equity of 13.24% and a net margin of 11.59%. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the business earned $1.20 earnings per share. The company's quarterly revenue was up 15.9% on a year-over-year basis. As a group, equities research analysts predict that Stifel Financial Corp. will post 6.55 earnings per share for the current fiscal year.
Stifel Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.78%. Stifel Financial's payout ratio is presently 38.18%.
Institutional Trading of Stifel Financial
Several large investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its holdings in shares of Stifel Financial by 1,818.8% during the second quarter. Versant Capital Management Inc now owns 307 shares of the financial services provider's stock worth $26,000 after purchasing an additional 291 shares during the last quarter. Fidelis Capital Partners LLC bought a new stake in Stifel Financial during the 1st quarter worth about $32,000. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Stifel Financial in the 1st quarter valued at about $33,000. Bessemer Group Inc. raised its stake in shares of Stifel Financial by 388.3% in the first quarter. Bessemer Group Inc. now owns 796 shares of the financial services provider's stock worth $62,000 after acquiring an additional 633 shares during the last quarter. Finally, Rothschild Investment LLC acquired a new position in shares of Stifel Financial during the second quarter worth approximately $64,000. 82.01% of the stock is owned by institutional investors.
Stifel Financial Company Profile
(
Get Free Report)
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.
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