Several other analysts have also issued reports on the company. Zacks Investment Research lowered Stifel Financial from a buy rating to a hold rating in a research note on Tuesday, October 3rd. Wells Fargo & Co upgraded Stifel Financial from a market perform rating to an outperform rating and upped their price objective for the company from $56.00 to $64.00 in a research note on Friday, December 1st. Finally, Nomura upped their price objective on Stifel Financial from $56.00 to $58.00 and gave the company a neutral rating in a research note on Tuesday, October 31st. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $66.83.
Stifel Financial (NYSE:SF) traded up $1.31 on Wednesday, reaching $67.01. The company had a trading volume of 408,700 shares, compared to its average volume of 581,775. Stifel Financial has a fifty-two week low of $41.93 and a fifty-two week high of $67.08. The company has a market capitalization of $4,590.00, a price-to-earnings ratio of 26.70, a PEG ratio of 1.11 and a beta of 1.70. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.68.
Stifel Financial (NYSE:SF) last released its earnings results on Monday, October 30th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.06. Stifel Financial had a return on equity of 9.78% and a net margin of 7.61%. The business had revenue of $721.20 million for the quarter, compared to analyst estimates of $701.12 million. During the same quarter in the prior year, the company posted $0.69 earnings per share. Stifel Financial’s revenue was up 12.3% on a year-over-year basis. equities research analysts anticipate that Stifel Financial will post 3.44 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend was Thursday, November 30th. Stifel Financial’s dividend payout ratio is currently 15.94%.
In other Stifel Financial news, VP Mark P. Fisher sold 5,000 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $52.30, for a total value of $261,500.00. Following the sale, the vice president now owns 21,369 shares of the company’s stock, valued at approximately $1,117,598.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman Ben A. Plotkin sold 20,000 shares of the firm’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $53.70, for a total value of $1,074,000.00. Following the completion of the sale, the insider now directly owns 96,226 shares in the company, valued at approximately $5,167,336.20. The disclosure for this sale can be found here. Insiders have sold 54,304 shares of company stock worth $2,869,480 in the last three months. 3.60% of the stock is currently owned by company insiders.
Several hedge funds have recently modified their holdings of the business. AXA lifted its stake in shares of Stifel Financial by 216.1% in the 2nd quarter. AXA now owns 137,500 shares of the financial services provider’s stock valued at $6,322,000 after acquiring an additional 94,000 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Stifel Financial by 0.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 969,710 shares of the financial services provider’s stock valued at $51,841,000 after acquiring an additional 6,619 shares during the last quarter. Prudential Financial Inc. lifted its stake in shares of Stifel Financial by 18.1% in the 3rd quarter. Prudential Financial Inc. now owns 323,874 shares of the financial services provider’s stock valued at $17,314,000 after acquiring an additional 49,690 shares during the last quarter. Wesbanco Bank Inc. lifted its stake in shares of Stifel Financial by 11.2% in the 3rd quarter. Wesbanco Bank Inc. now owns 50,647 shares of the financial services provider’s stock valued at $2,708,000 after acquiring an additional 5,106 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Stifel Financial by 6.8% in the 3rd quarter. Legal & General Group Plc now owns 96,313 shares of the financial services provider’s stock valued at $5,151,000 after acquiring an additional 6,102 shares during the last quarter. 88.54% of the stock is currently owned by hedge funds and other institutional investors.
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Stifel Financial Company Profile
Stifel Financial Corp. is a financial holding company. Its principal subsidiary is Stifel, Nicolaus & Company, Incorporated, a retail and institutional wealth management and investment banking firm. It operates through three segments: Global Wealth Management, Institutional Group and Other. The Global Wealth Management segment consists of the Private Client Group and Stifel Bank businesses.
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