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.
Stifel Financial Trading Down 0.3 %
Shares of Stifel Financial stock traded down $0.16 during trading on Monday, hitting $60.80. The company's stock had a trading volume of 363,846 shares, compared to its average volume of 659,233. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.81 and a quick ratio of 0.77. Stifel Financial has a 52 week low of $52.55 and a 52 week high of $83.28. The stock has a market cap of $6.48 billion, a price-to-earnings ratio of 9.74 and a beta of 1.27. The stock has a 50-day moving average price of $58.65 and a two-hundred day moving average price of $64.84.
Stifel Financial (NYSE:SF - Get Rating) last issued 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 for the quarter, compared to analysts' expectations of $1.18 billion. Stifel Financial had a net margin of 16.86% and a return on equity of 19.42%. The business's quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.70 earnings per share.
Stifel Financial Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, August 31st. This represents a $1.20 dividend on an annualized basis and a yield of 1.97%. Stifel Financial's dividend payout ratio (DPR) is currently 18.93%.
Analyst Ratings Changes
Separately, JMP Securities reduced their price objective on shares of Stifel Financial from $103.00 to $100.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 12th.