Stifel Financial (NYSE:SF) Hits New 52-Week Low – Here’s Why

Stifel Financial Corporation (NYSE:SF) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $67.81 and last traded at $68.0850, with a volume of 899488 shares changing hands. The stock had previously closed at $69.27.

Analysts Set New Price Targets

Several research analysts have recently weighed in on SF shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stifel Financial in a research report on Friday, May 29th. UBS Group decreased their price target on shares of Stifel Financial from $100.00 to $89.00 and set a “buy” rating for the company in a research note on Wednesday, April 8th. Zacks Research upgraded shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Finally, TD Cowen decreased their target price on shares of Stifel Financial from $136.00 to $92.00 and set a “hold” rating for the company in a research report on Monday, March 23rd. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.15.

Stifel Financial Stock Performance

The firm has a market capitalization of $10.45 billion, a price-to-earnings ratio of 13.27 and a beta of 1.00. The stock’s fifty day moving average is $74.20 and its two-hundred day moving average is $78.13. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 0.29.

Stifel Financial (NYSE:SF) last announced its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.06. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Stifel Financial had a net margin of 15.34% and a return on equity of 18.76%. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.49 earnings per share. On average, analysts predict that Stifel Financial Corporation will post 6.25 earnings per share for the current year.

Stifel Financial Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Monday, June 1st. Stifel Financial’s payout ratio is 26.46%.

Hedge Funds Weigh In On Stifel Financial

Several large investors have recently modified their holdings of SF. Brown Brothers Harriman & Co. lifted its position in Stifel Financial by 15.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 811 shares of the financial services provider’s stock worth $102,000 after acquiring an additional 106 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in shares of Stifel Financial by 0.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 23,449 shares of the financial services provider’s stock worth $2,936,000 after purchasing an additional 114 shares during the period. Principal Securities Inc. increased its stake in shares of Stifel Financial by 6.9% during the fourth quarter. Principal Securities Inc. now owns 1,926 shares of the financial services provider’s stock worth $241,000 after purchasing an additional 124 shares during the period. Clark Capital Management Group Inc. increased its position in Stifel Financial by 3.8% during the 3rd quarter. Clark Capital Management Group Inc. now owns 3,642 shares of the financial services provider’s stock worth $413,000 after buying an additional 134 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in Stifel Financial by 14.3% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,113 shares of the financial services provider’s stock worth $126,000 after buying an additional 139 shares during the period. 82.01% of the stock is owned by institutional investors.

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.