Stifel Financial (SF) Scheduled to Post Quarterly Earnings on Wednesday

Stifel Financial (NYSE:SF - Get Free Report) will announce its earnings results before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of $1.62 per share for the quarter. Investors interested in participating in the company's conference call can do so using this link.

Stifel Financial (NYSE:SF - Get Free Report) last released its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $1.50 EPS for the quarter, beating analysts' consensus estimates of $1.31 by $0.19. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.09 billion. Stifel Financial had a net margin of 11.60% and a return on equity of 12.32%. Stifel Financial's quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.58 EPS. On average, analysts expect Stifel Financial to post $7 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Stifel Financial Price Performance

SF stock traded up $0.43 during mid-day trading on Friday, reaching $75.31. The company's stock had a trading volume of 702,704 shares, compared to its average volume of 541,338. The stock has a market cap of $7.74 billion, a PE ratio of 17.60 and a beta of 1.18. 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 has a fifty-two week low of $54.81 and a fifty-two week high of $78.33. The company's 50 day moving average is $75.77 and its two-hundred day moving average is $68.70.

Stifel Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $0.42 dividend. This is an increase 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 2.23%. Stifel Financial's dividend payout ratio is presently 39.25%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. 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. TD Cowen raised their price target on shares of Stifel Financial from $86.50 to $92.00 and gave the stock an "outperform" rating in a report on Friday, March 22nd. JMP Securities restated a "market outperform" rating and set a $88.00 price target on shares of Stifel Financial in a report on Tuesday, April 9th. StockNews.com upgraded shares of Stifel Financial from a "hold" rating to a "buy" rating in a report on Thursday, January 25th. Finally, Citigroup raised their price target on shares of Stifel Financial from $74.00 to $80.00 and gave the stock a "neutral" rating in a report on Thursday, April 11th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $84.50.

Insider Buying and Selling

In other Stifel Financial news, SVP Thomas B. Michaud sold 25,421 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 90,055 shares of the company's stock, valued at approximately $6,687,484.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Victor Nesi sold 36,000 shares of Stifel Financial stock in a transaction on Wednesday, February 21st. The shares were 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 filing with the SEC, which is available through the SEC website. Also, SVP Thomas B. Michaud sold 25,421 shares of Stifel Financial stock in a transaction on 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 sale, the senior vice president now directly owns 90,055 shares of the company's stock, valued at $6,687,484.30. The disclosure for this sale can be found here. 3.52% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Stifel Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Moneta Group Investment Advisors LLC increased its stake in Stifel Financial by 113,703.2% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 10,654,257 shares of the financial services provider's stock valued at $621,889,000 after purchasing an additional 10,644,895 shares during the period. Morgan Stanley increased its stake in Stifel Financial by 422.3% in the fourth quarter. Morgan Stanley now owns 3,120,148 shares of the financial services provider's stock valued at $182,123,000 after purchasing an additional 2,522,805 shares during the period. Norges Bank acquired a new position in Stifel Financial in the fourth quarter valued at $60,421,000. Millennium Management LLC increased its stake in Stifel Financial by 19.7% in the fourth quarter. Millennium Management LLC now owns 2,828,861 shares of the financial services provider's stock valued at $165,121,000 after purchasing an additional 466,338 shares during the period. Finally, Silvercrest Asset Management Group LLC increased its stake in Stifel Financial by 35.9% in the first quarter. Silvercrest Asset Management Group LLC now owns 1,495,842 shares of the financial services provider's stock valued at $88,389,000 after purchasing an additional 395,509 shares during the period. 82.01% of the stock is currently owned by institutional investors and hedge funds.

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.