Stifel Financial (NYSE:SF) Hits New 52-Week High - Here's What Happened

Stifel Financial Corp. (NYSE:SF - Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as $100.00 and last traded at $99.95, with a volume of 39515 shares traded. The stock had previously closed at $98.30.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Wells Fargo & Company upped their price target on shares of Stifel Financial from $101.00 to $108.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 9th. Citigroup increased their target price 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. JMP Securities upped their price target on Stifel Financial from $105.00 to $110.00 and gave the stock a "market outperform" rating in a report on Wednesday, October 9th. StockNews.com cut Stifel Financial from a "buy" rating to a "hold" rating in a report on Thursday, October 3rd. Finally, TD Cowen boosted their target price on Stifel Financial from $85.00 to $88.00 and gave the stock a "hold" rating in a research report on Thursday, July 25th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $96.67.

Stifel Financial Trading Up 1.1 %

The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.80 and a current ratio of 0.84. The business has a fifty day simple moving average of $88.39 and a 200 day simple moving average of $83.47. The stock has a market cap of $10.19 billion, a price-to-earnings ratio of 20.88 and a beta of 1.09.

Stifel Financial (NYSE:SF - Get Free Report) last posted its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $1.60 EPS 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 business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter last year, the company earned $1.20 earnings per share. The business's revenue for the quarter was up 15.9% compared to the same quarter last year. As a group, equities analysts anticipate that Stifel Financial Corp. will post 6.55 EPS for the current year.

Stifel Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend was Tuesday, September 3rd. Stifel Financial's dividend payout ratio is presently 35.67%.

Institutional Trading of Stifel Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SF. Versant Capital Management Inc increased its holdings in shares of Stifel Financial by 1,818.8% during the 2nd quarter. Versant Capital Management Inc now owns 307 shares of the financial services provider's stock worth $26,000 after buying an additional 291 shares during the last quarter. Fidelis Capital Partners LLC purchased a new stake in Stifel Financial during the first quarter valued at about $32,000. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Stifel Financial during the first quarter worth about $33,000. GAMMA Investing LLC raised its holdings in shares of Stifel Financial by 27.7% in the 3rd quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider's stock worth $47,000 after purchasing an additional 109 shares during the period. Finally, Bessemer Group Inc. lifted its stake in shares of Stifel Financial by 388.3% in the 1st quarter. Bessemer Group Inc. now owns 796 shares of the financial services provider's stock valued at $62,000 after purchasing an additional 633 shares in the last quarter. Hedge funds and other 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.