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, the United Kingdom, the rest of Europe, and Canada. It operates in three segments: Global Wealth Management, Institutional Group, and Other. The company provides private client services, including securities transaction and financial planning services; institutional equity and fixed income sales, trading and research, and municipal finance services; investment banking services, such as mergers and acquisitions, public offerings, and private placements; and retail and commercial banking services comprising personal and commercial lending programs, as well as deposit accounts. It also participates in and manages underwritings for corporate and public finance; and offers financial advisory and securities brokerage services. The company was founded in 1890 and is headquartered in St. Louis, Missouri.
Analysts Set New Price Targets
Separately, JMP Securities decreased their target price on shares of Stifel Financial from $103.00 to $100.00 and set an "outperform" rating for the company in a research note on Tuesday, July 12th.
Stifel Financial Stock Up 0.3 %
NYSE:SF traded up $0.21 on Tuesday, reaching $64.87. The stock had a trading volume of 476,719 shares, compared to its average volume of 650,287. Stifel Financial has a 1 year low of $52.55 and a 1 year high of $83.28. The business has a 50 day moving average price of $58.51 and a 200 day moving average price of $64.56. The company has a current ratio of 0.81, a quick ratio of 0.77 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $6.89 billion, a price-to-earnings ratio of 10.23 and a beta of 1.27.
Stifel Financial (NYSE:SF - Get Rating) last announced its quarterly earnings results on Wednesday, July 27th. The financial services provider reported $1.40 EPS for the quarter. The business had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.18 billion. Stifel Financial had a return on equity of 19.42% and a net margin of 16.86%. The firm's quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.70 EPS.
Stifel Financial Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Wednesday, August 31st. Stifel Financial's payout ratio is presently 18.93%.