Stifel Financial (NYSE:SF) Issues Earnings Results, Misses Estimates By $0.01 EPS

Stifel Financial (NYSE:SF) issued its quarterly earnings data on Wednesday. The financial services provider reported $1.45 earnings per share for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.01), FiscalAI reports. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.51 billion. Stifel Financial had a net margin of 12.37% and a return on equity of 15.53%. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter last year, the company earned $0.49 EPS.

Stifel Financial Stock Performance

SF traded down $3.03 during trading on Wednesday, hitting $79.24. The company’s stock had a trading volume of 266,073 shares, compared to its average volume of 1,495,245. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 0.25. Stifel Financial has a one year low of $54.49 and a one year high of $89.83. The firm has a market cap of $12.27 billion, a PE ratio of 20.28 and a beta of 1.10. The business’s 50 day simple moving average is $75.55 and its 200-day simple moving average is $79.71.

Stifel Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were given a $0.51 dividend. The ex-dividend date was Monday, March 2nd. This is a boost from Stifel Financial’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 2.6%. Stifel Financial’s payout ratio is 34.69%.

Insiders Place Their Bets

In other Stifel Financial news, insider David Rubulotta sold 600 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $82.87, for a total value of $49,724.00. Following the transaction, the insider directly owned 1,488 shares in the company, valued at approximately $123,315.52. This trade represents a 28.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.57% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC purchased a new stake in shares of Stifel Financial in the third quarter worth $29,000. BOKF NA increased its stake in shares of Stifel Financial by 1,626.9% in the third quarter. BOKF NA now owns 449 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 423 shares in the last quarter. National Bank of Canada FI purchased a new stake in shares of Stifel Financial in the third quarter worth $57,000. Pinnacle Holdings LLC increased its stake in shares of Stifel Financial by 59.9% in the fourth quarter. Pinnacle Holdings LLC now owns 454 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 170 shares in the last quarter. Finally, Brown Brothers Harriman & Co. increased its stake in shares of Stifel Financial by 27.5% in the third quarter. Brown Brothers Harriman & Co. now owns 705 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 152 shares in the last quarter. 82.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SF has been the topic of a number of research analyst reports. Citizens Jmp increased their price objective on shares of Stifel Financial from $93.33 to $103.33 and gave the company a “market outperform” rating in a research report on Monday, January 12th. JPMorgan Chase & Co. increased their price objective on shares of Stifel Financial from $88.67 to $90.67 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Weiss Ratings upgraded shares of Stifel Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Wolfe Research restated an “outperform” rating and set a $99.33 price objective on shares of Stifel Financial in a research report on Wednesday, January 7th. Finally, UBS Group decreased their price target on shares of Stifel Financial from $100.00 to $89.00 and set a “buy” rating on the stock in a research report on Wednesday, April 8th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $91.15.

About Stifel Financial

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full‐service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research‐driven insights.

The firm’s main business activities are organized into two core segments: Private Client Group and Institutional Group.