Stifel Financial (NYSE:SF) Hits New 12-Month High at $80.64

Stifel Financial Corp. (NYSE:SF - Get Free Report)'s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $80.64 and last traded at $80.29, with a volume of 117171 shares changing hands. The stock had previously closed at $79.05.

Analyst Ratings Changes

SF has been the subject of a number of analyst reports. StockNews.com raised shares of Stifel Financial from a "buy" rating to a "strong-buy" rating in a report on Friday. UBS Group raised their price target on shares of Stifel Financial from $74.00 to $78.00 and gave the stock a "neutral" rating in a report on Monday, January 29th. JMP Securities reiterated a "market outperform" rating and issued a $88.00 price objective on shares of Stifel Financial in a report on Tuesday, April 9th. TD Cowen raised their target price on Stifel Financial from $86.50 to $92.00 and gave the stock an "outperform" rating in a research note on Friday, March 22nd. Finally, Citigroup lifted their target price on Stifel Financial from $74.00 to $80.00 and gave the company a "neutral" rating in a research report on Thursday, April 11th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $84.50.

Stifel Financial Stock Performance

The stock has a market capitalization of $8.31 billion, a PE ratio of 18.36 and a beta of 1.18. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 0.35. The stock has a fifty day moving average of $75.98 and a 200-day moving average of $69.49.

Stifel Financial (NYSE:SF - Get Free Report) last issued its earnings results on Wednesday, April 24th. The financial services provider reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.13). Stifel Financial had a net margin of 11.34% and a return on equity of 12.39%. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the business earned $1.40 EPS. The firm's revenue was up 5.1% compared to the same quarter last year. Equities analysts anticipate that Stifel Financial Corp. will post 7.04 earnings per share for the current fiscal year.

Stifel Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.08%. The ex-dividend date was Thursday, February 29th. This is a positive change from Stifel Financial's previous quarterly dividend of $0.36. Stifel Financial's dividend payout ratio (DPR) is 38.18%.

Insider Buying and Selling at Stifel Financial

In other Stifel Financial news, insider Victor Nesi sold 36,000 shares of the company's stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $75.37, for a total transaction of $2,713,320.00. Following the completion of the sale, the insider now directly owns 54,732 shares of the company's stock, valued at approximately $4,125,150.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, SVP Thomas B. Michaud sold 25,421 shares of Stifel Financial stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $74.26, for a total value of $1,887,763.46. Following the sale, the senior vice president now owns 90,055 shares of the company's stock, valued at $6,687,484.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Victor Nesi sold 36,000 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $75.37, for a total transaction of $2,713,320.00. Following the transaction, the insider now directly owns 54,732 shares of the company's stock, valued at $4,125,150.84. The disclosure for this sale can be found here. 3.52% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Stifel Financial

Hedge funds and other institutional investors have recently bought and sold shares of the business. IFP Advisors Inc lifted its position in shares of Stifel Financial by 580.5% during the 3rd quarter. IFP Advisors Inc now owns 1,994 shares of the financial services provider's stock valued at $123,000 after acquiring an additional 1,701 shares during the period. FinTrust Capital Advisors LLC acquired a new stake in Stifel Financial in the third quarter valued at $30,000. Raymond James & Associates increased its position in shares of Stifel Financial by 10.9% in the third quarter. Raymond James & Associates now owns 115,376 shares of the financial services provider's stock valued at $7,089,000 after buying an additional 11,303 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Stifel Financial by 21.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,179 shares of the financial services provider's stock worth $1,301,000 after buying an additional 3,790 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its position in shares of Stifel Financial by 97.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 640 shares of the financial services provider's stock worth $39,000 after buying an additional 316 shares in the last quarter. Institutional investors and hedge funds own 82.01% of the company's stock.

Stifel Financial Company Profile

Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.