Stifel Financial (NYSE:SF) Releases Quarterly Earnings Results, Beats Estimates By $0.09 EPS

Key Points

• Stifel Financial beat quarterly expectations, reporting EPS of $1.42 versus the $1.33 consensus estimate, and revenue of $1.45 billion versus expectations of $1.42 billion.
• The company posted strong profitability metrics, including a return on equity of 18.76% and a net margin of 15.34%.
• Analyst sentiment remains generally positive, with a Moderate Buy consensus rating and an average price target of $91.75.

Stifel Financial (NYSE:SF - Get Free Report) released its quarterly earnings results on Wednesday. The financial services provider reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.09, FiscalAI reports. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. Stifel Financial had a return on equity of 18.76% and a net margin of 15.34%.

Stifel Financial Stock Performance

NYSE SF opened at $77.49 on Wednesday. The firm has a market capitalization of $11.89 billion, a P/E ratio of 15.08 and a beta of 1.01. The stock has a 50-day simple moving average of $73.05 and a two-hundred day simple moving average of $76.87. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 0.85. Stifel Financial has a fifty-two week low of $67.81 and a fifty-two week high of $89.83.

Stifel Financial Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a dividend of $0.34 per share. The ex-dividend date was Monday, June 1st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.8%. Stifel Financial's dividend payout ratio (DPR) is presently 26.46%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Stifel Financial in a research note on Friday, May 29th. UBS Group reaffirmed a "buy" rating and issued a $86.00 price target (down from $89.00) on shares of Stifel Financial in a research note on Wednesday, July 8th. Finally, Zacks Research raised shares of Stifel Financial from a "strong sell" rating to a "hold" rating in a research report on Wednesday, May 20th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $91.75.

Institutional Trading of Stifel Financial

Several hedge funds and other institutional investors have recently bought and sold shares of SF. Advisory Services Network LLC purchased a new stake in Stifel Financial in the 3rd quarter worth approximately $29,000. BOKF NA boosted its holdings in Stifel Financial by 1,626.9% during the third quarter. BOKF NA now owns 449 shares of the financial services provider's stock worth $51,000 after buying an additional 423 shares in the last quarter. National Bank of Canada FI purchased a new stake in Stifel Financial during the third quarter worth $57,000. Pinnacle Holdings LLC grew its position in Stifel Financial by 59.9% during the fourth quarter. Pinnacle Holdings LLC now owns 454 shares of the financial services provider's stock valued at $57,000 after buying an additional 170 shares during the period. Finally, Brown Brothers Harriman & Co. grew its position in Stifel Financial by 27.5% during the third quarter. Brown Brothers Harriman & Co. now owns 705 shares of the financial services provider's stock valued at $80,000 after buying an additional 152 shares during the period. 82.01% of the stock is owned by institutional investors and hedge funds.

Stifel Financial Company Profile

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full‐service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research‐driven insights.

The firm's main business activities are organized into two core segments: Private Client Group and Institutional Group.

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