Stifel Financial (NYSE:SF) Hits New 1-Year High at $83.00

Stifel Financial Corp. (NYSE:SF - Get Free Report)'s stock price hit a new 52-week high during trading on Monday . The company traded as high as $83.00 and last traded at $82.89, with a volume of 36218 shares traded. The stock had previously closed at $81.77.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. JMP Securities reaffirmed a "market outperform" rating and set a $88.00 price objective on shares of Stifel Financial in a research note on Tuesday, April 9th. UBS Group increased their target price 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. Citigroup upped their price target on Stifel Financial from $74.00 to $80.00 and gave the company a "neutral" rating in a research report on Thursday, April 11th. TD Cowen lifted their price objective on Stifel Financial from $86.50 to $92.00 and gave the stock an "outperform" rating in a research report on Friday, March 22nd. Finally, StockNews.com upgraded Stifel Financial from a "buy" rating to a "strong-buy" rating in a report on Friday, April 26th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $84.50.

Stifel Financial Trading Up 1.8 %

The company has a market cap of $8.56 billion, a PE ratio of 18.91 and a beta of 1.14. The stock has a 50 day moving average price of $76.57 and a 200 day moving average price of $70.42. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 0.35.

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

Stifel Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.42 dividend. This is a boost from Stifel Financial's previous quarterly dividend of $0.36. The ex-dividend date was Thursday, February 29th. This represents a $1.68 dividend on an annualized basis and a yield of 2.02%. Stifel Financial's payout ratio is presently 38.18%.

Insider Buying and Selling at Stifel Financial

In other news, insider Victor Nesi sold 36,000 shares of the company's stock in a transaction 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 transaction, the insider now directly owns 54,732 shares of the company's stock, valued at $4,125,150.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Victor Nesi sold 36,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $75.37, for a total value of $2,713,320.00. Following the sale, the insider now owns 54,732 shares in the company, valued at $4,125,150.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Thomas B. Michaud sold 25,421 shares of the stock in a transaction on 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 transaction, the senior vice president now directly owns 90,055 shares in the company, valued at $6,687,484.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 74,421 shares of company stock worth $5,639,783. 3.52% of the stock is owned by corporate insiders.

Institutional Trading of Stifel Financial

Several large investors have recently added to or reduced their stakes in the business. Earnest Partners LLC boosted its position in shares of Stifel Financial by 0.3% in the third quarter. Earnest Partners LLC now owns 2,802,275 shares of the financial services provider's stock worth $172,172,000 after purchasing an additional 8,198 shares during the period. FMR LLC increased its stake in Stifel Financial by 187.4% in the 3rd quarter. FMR LLC now owns 2,220,791 shares of the financial services provider's stock worth $136,445,000 after buying an additional 1,448,068 shares in the last quarter. LSV Asset Management raised its holdings in Stifel Financial by 3.2% during the first quarter. LSV Asset Management now owns 1,799,270 shares of the financial services provider's stock valued at $140,649,000 after acquiring an additional 56,570 shares during the period. Principal Financial Group Inc. grew its position in shares of Stifel Financial by 12.8% during the first quarter. Principal Financial Group Inc. now owns 1,332,258 shares of the financial services provider's stock worth $104,143,000 after purchasing an additional 151,046 shares in the last quarter. Finally, Norges Bank purchased a new position in Stifel Financial in the 4th quarter worth approximately $84,369,000. 82.01% of the stock is currently owned by institutional investors.

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.