Stifel Financial (NYSE:SF) Issues Earnings Results, Misses Expectations By $0.13 EPS

Stifel Financial (NYSE:SF - Get Free Report) posted its quarterly earnings data on Wednesday. The financial services provider reported $1.49 EPS for the quarter, missing analysts' consensus estimates of $1.62 by ($0.13), Briefing.com reports. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.14 billion. Stifel Financial had a net margin of 11.60% and a return on equity of 12.32%. The company's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.40 earnings per share.

Stifel Financial Stock Up 0.3 %

Stifel Financial stock traded up $0.23 on Thursday, hitting $78.51. 687,280 shares of the stock traded hands, compared to its average volume of 550,867. The business's fifty day simple moving average is $75.90 and its 200 day simple moving average is $69.17. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 0.35. The firm has a market cap of $8.07 billion, a P/E ratio of 18.34 and a beta of 1.18. Stifel Financial has a 1 year low of $54.81 and a 1 year high of $79.23.

Stifel Financial Increases Dividend

The firm 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 positive change from Stifel Financial's previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $1.68 dividend on an annualized basis and a yield of 2.14%. Stifel Financial's dividend payout ratio (DPR) is presently 39.25%.

Analysts Set New Price Targets

SF has been the subject of several recent analyst reports. Citigroup raised their target price on Stifel Financial from $74.00 to $80.00 and gave the stock a "neutral" rating in a research note on Thursday, April 11th. JMP Securities restated a "market outperform" rating and issued a $88.00 target price on shares of Stifel Financial in a report on Tuesday, April 9th. StockNews.com upgraded Stifel Financial from a "hold" rating to a "buy" rating in a report on Thursday, January 25th. 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 report on Friday, March 22nd. Finally, UBS Group lifted their price target on Stifel Financial from $74.00 to $78.00 and gave the company a "neutral" rating in a research report on Monday, January 29th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Stifel Financial currently has an average rating of "Moderate Buy" and an average target price of $84.50.

Insider Buying and Selling at Stifel Financial

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

About Stifel Financial

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.