Stifel Financial (NYSE:SF) Posts Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Stifel Financial (NYSE:SF) posted its quarterly earnings data on Wednesday. The financial services provider reported $1.42 EPS for the quarter, topping the consensus estimate of $1.33 by $0.09, FiscalAI reports. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. Stifel Financial had a net margin of 15.34% and a return on equity of 18.76%. During the same period in the previous year, the firm posted $1.71 earnings per share.

Stifel Financial Stock Performance

NYSE SF opened at $77.49 on Wednesday. The stock has a 50-day simple moving average of $73.05 and a two-hundred day simple moving average of $76.87. The firm has a market capitalization of $11.89 billion, a P/E ratio of 15.08 and a beta of 1.01. Stifel Financial has a fifty-two week low of $67.81 and a fifty-two week high of $89.83. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 0.85.

Stifel Financial Cuts Dividend

The business also recently declared 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 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Monday, June 1st. Stifel Financial’s dividend payout ratio (DPR) is currently 26.46%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SF. Zacks Research raised Stifel Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. UBS Group restated a “buy” rating and issued a $86.00 price objective (down from $89.00) on shares of Stifel Financial in a research note on Wednesday, July 8th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stifel Financial in a report on Friday, May 29th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Stifel Financial has an average rating of “Moderate Buy” and an average target price of $91.75.

Institutional Trading of Stifel Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Keystone Financial Services purchased a new stake in Stifel Financial in the 4th quarter worth approximately $208,000. Lido Advisors LLC acquired a new stake in shares of Stifel Financial during the 4th quarter worth approximately $205,000. Danske Bank A S purchased a new position in shares of Stifel Financial during the 3rd quarter valued at approximately $182,000. Empowered Funds LLC acquired a new position in shares of Stifel Financial in the 4th quarter valued at $178,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in shares of Stifel Financial in the 3rd quarter valued at $141,000. 82.01% of the stock is owned by institutional investors and hedge funds.

Stifel Financial Company Profile

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.