Stifel Financial (NYSE:SF) Reaches New 52-Week High at $78.34

Stifel Financial Corp. (NYSE:SF)’s share price reached a new 52-week high on Tuesday . The company traded as high as $78.34 and last traded at $78.21, with a volume of 296375 shares traded. The stock had previously closed at $77.25.

Wall Street Analyst Weigh In

SF has been the subject of a number of recent research reports. StockNews.com raised Stifel Financial from a “hold” rating to a “buy” rating in a research report on Thursday, January 25th. UBS Group raised their price target on Stifel Financial from $74.00 to $78.00 and gave the company a “neutral” rating in a report on Monday, January 29th. Citigroup raised their price target on Stifel Financial from $74.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. TD Cowen raised their price target on Stifel Financial from $86.50 to $92.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. Finally, JMP Securities reissued a “market outperform” rating and issued a $88.00 price target on shares of Stifel Financial in a report on Tuesday, April 9th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Stifel Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.50.

Stifel Financial Stock Up 0.3 %

The stock has a market capitalization of $8.07 billion, a PE ratio of 18.34 and a beta of 1.18. The firm has a 50 day moving average of $75.90 and a two-hundred day moving average of $69.17. 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 (NYSE:SF) last released its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.13). Stifel Financial had a net margin of 11.60% and a return on equity of 12.32%. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the previous year, the business earned $1.40 earnings per share. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. Equities research analysts anticipate that Stifel Financial Corp. will post 7.04 earnings per share for the current year.

Stifel Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $0.42 per share. 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 annualized dividend and a yield of 2.14%. Stifel Financial’s dividend payout ratio (DPR) is presently 39.25%.

Insiders Place Their Bets

In other Stifel Financial news, SVP Thomas B. Michaud sold 25,421 shares of the firm’s 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 completion of the transaction, the senior vice president now owns 90,055 shares of the company’s stock, valued at $6,687,484.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Stifel Financial news, SVP Thomas B. Michaud sold 25,421 shares of the firm’s 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 completion of the transaction, the senior vice president now owns 90,055 shares of the company’s stock, valued at $6,687,484.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Victor Nesi sold 36,000 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $75.37, for a total value of $2,713,320.00. Following the sale, the insider now owns 54,732 shares in the company, valued at approximately $4,125,150.84. The disclosure for this sale can be found here. 3.52% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Stifel Financial

Several hedge funds have recently made changes to their positions in the business. Knights of Columbus Asset Advisors LLC boosted its holdings in Stifel Financial by 94.6% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 76,224 shares of the financial services provider’s stock valued at $5,271,000 after acquiring an additional 37,047 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Stifel Financial by 23.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 152,767 shares of the financial services provider’s stock valued at $9,386,000 after acquiring an additional 29,026 shares during the last quarter. Panagora Asset Management Inc. boosted its holdings in Stifel Financial by 3.3% in the third quarter. Panagora Asset Management Inc. now owns 114,234 shares of the financial services provider’s stock valued at $7,019,000 after acquiring an additional 3,668 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC boosted its holdings in Stifel Financial by 23.5% in the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 38,611 shares of the financial services provider’s stock valued at $2,372,000 after acquiring an additional 7,357 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its holdings in Stifel Financial by 20.6% in the third quarter. New York State Common Retirement Fund now owns 670,500 shares of the financial services provider’s stock valued at $41,196,000 after acquiring an additional 114,727 shares during the last quarter. Institutional investors and hedge funds own 82.01% of the company’s stock.

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.