Stifel Financial (NYSE:SF) Issues Earnings Results, Beats Estimates By $0.02 EPS

Stifel Financial (NYSE:SF) issued its earnings results on Wednesday. The financial services provider reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.02, FiscalAI reports. Stifel Financial had a net margin of 16.11% and a return on equity of 19.22%. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the previous year, the company earned $1.95 earnings per share. The firm’s revenue for the quarter was down .2% on a year-over-year basis.

Stifel Financial Stock Performance

Shares of SF stock opened at $66.88 on Wednesday. The company has a market capitalization of $10.10 billion, a price-to-earnings ratio of 11.97 and a beta of 1.01. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.83 and a current ratio of 0.88. The company has a 50-day simple moving average of $75.97 and a 200 day simple moving average of $75.98. Stifel Financial has a 52 week low of $65.68 and a 52 week high of $89.83.

Stifel Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Tuesday, September 1st. Stifel Financial’s dividend payout ratio (DPR) is currently 24.33%.

Insider Buying and Selling

In other Stifel Financial news, Director Maryam Brown sold 4,700 shares of the stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $79.20, for a total value of $372,240.00. Following the transaction, the director directly owned 5,729 shares of the company’s stock, valued at $453,736.80. This represents a 45.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SF. UBS Group reiterated a “buy” rating and issued a $84.00 price target (down from $90.00) on shares of Stifel Financial in a research note on Wednesday, October 7th. BMO Capital Markets lowered their price objective on shares of Stifel Financial from $85.00 to $75.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 6th. Weiss Ratings restated a “buy (b-)” rating on shares of Stifel Financial in a research note on Wednesday, August 26th. JPMorgan Chase & Co. cut their price objective on Stifel Financial from $86.00 to $82.00 and set a “neutral” rating for the company in a research report on Tuesday, October 6th. Finally, TD Cowen reduced their target price on Stifel Financial from $84.00 to $78.00 and set a “hold” rating for the company in a research note on Monday, October 12th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $86.08.

Stifel Financial Company Profile

Stifel Financial Corp. is a financial services holding company headquartered in St. Louis, Missouri. Through its principal operating subsidiaries, including Stifel, Nicolaus & Company, Incorporated, the company provides wealth management, investment banking, securities brokerage and related financial services to individual investors, corporations, municipalities and institutional clients.

Its wealth management business offers investment advice, brokerage services, financial planning, banking and lending solutions, and access to a range of investment products.