Stifel Financial (NYSE:SF) Issues Earnings Results

Key Points

• Stifel Financial reported a strong quarterly performance with an EPS of $1.95, beating estimates by $0.10, and a revenue of $1.43 billion, surpassing expectations.
• The company announced a quarterly dividend of $0.46 per share, with an annualized payout of $1.84 and a yield of 1.6%.
• Market analysts have mixed ratings for Stifel Financial, with a consensus rating of "Moderate Buy" and a target price of $122.60, indicating potential for growth.

Stifel Financial (NYSE:SF - Get Free Report) released its earnings results on Wednesday. The financial services provider reported $1.95 EPS for the quarter, topping the consensus estimate of $1.89 by $0.06, Zacks reports. Stifel Financial had a return on equity of 13.93% and a net margin of 11.90%.The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the previous year, the company posted $1.50 earnings per share. The company's revenue for the quarter was up 16.7% compared to the same quarter last year.

Stifel Financial Trading Up 0.3%

NYSE:SF opened at $112.47 on Wednesday. The company has a market cap of $11.49 billion, a PE ratio of 21.80 and a beta of 1.13. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 0.28. The company has a 50 day simple moving average of $113.21 and a two-hundred day simple moving average of $103.27. Stifel Financial has a 12 month low of $73.27 and a 12 month high of $120.64.

Stifel Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 2nd. Stifel Financial's payout ratio is 35.66%.

Institutional Trading of Stifel Financial

A number of hedge funds have recently bought and sold shares of SF. Osaic Holdings Inc. boosted its position in Stifel Financial by 84.2% in the second quarter. Osaic Holdings Inc. now owns 3,706 shares of the financial services provider's stock worth $370,000 after purchasing an additional 1,694 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in shares of Stifel Financial by 134.9% in the second quarter. Corient Private Wealth LLC now owns 21,591 shares of the financial services provider's stock worth $2,249,000 after buying an additional 12,401 shares during the last quarter. Vident Advisory LLC grew its position in Stifel Financial by 6.0% during the second quarter. Vident Advisory LLC now owns 3,016 shares of the financial services provider's stock valued at $313,000 after buying an additional 172 shares during the period. Visionary Wealth Advisors grew its position in Stifel Financial by 19.0% during the second quarter. Visionary Wealth Advisors now owns 3,792 shares of the financial services provider's stock valued at $394,000 after buying an additional 605 shares during the period. Finally, Voleon Capital Management LP increased its holdings in Stifel Financial by 70.2% during the second quarter. Voleon Capital Management LP now owns 20,440 shares of the financial services provider's stock valued at $2,121,000 after buying an additional 8,431 shares during the last quarter. Hedge funds and other institutional investors own 82.01% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. BMO Capital Markets assumed coverage on Stifel Financial in a research report on Friday, October 3rd. They issued a "market perform" rating and a $121.00 price target for the company. Zacks Research cut shares of Stifel Financial from a "strong-buy" rating to a "hold" rating in a report on Monday, September 8th. Wall Street Zen upgraded shares of Stifel Financial from a "sell" rating to a "hold" rating in a report on Sunday, August 3rd. Wells Fargo & Company raised their price target on shares of Stifel Financial from $102.00 to $125.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. Finally, Citigroup reaffirmed an "outperform" rating on shares of Stifel Financial in a research report on Thursday, October 9th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Stifel Financial currently has an average rating of "Moderate Buy" and an average target price of $122.60.

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.