Stifel Financial (NYSE:SF) Releases Earnings Results, Beats Estimates By $0.02 EPS

Stifel Financial (NYSE:SF) released its earnings results on Wednesday. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.02, FiscalAI reports. Stifel Financial had a return on equity of 19.22% and a net margin of 16.11%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.45 billion.

Stifel Financial Price Performance

Shares of NYSE:SF opened at $66.88 on Wednesday. Stifel Financial has a 52 week low of $65.68 and a 52 week high of $89.83. The company has a 50-day moving average price of $75.97 and a 200 day moving average price of $75.98. The company has a market cap of $10.10 billion, a P/E ratio of 11.15 and a beta of 1.01. The company has a quick ratio of 0.83, a current ratio of 0.88 and a debt-to-equity ratio of 0.33.

Stifel Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were given a $0.34 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $1.36 dividend on an annualized basis and a yield of 2.0%. Stifel Financial’s dividend payout ratio (DPR) is presently 24.33%.

Insider Transactions at Stifel Financial

In other Stifel Financial news, Director Maryam Brown sold 4,700 shares of the business’s stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $79.20, for a total transaction of $372,240.00. Following the transaction, the director owned 5,729 shares in the company, valued at approximately $453,736.80. The trade was a 45.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 3.36% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. TD Cowen decreased their price target on Stifel Financial from $84.00 to $78.00 and set a “hold” rating for the company in a report on Monday, October 12th. JPMorgan Chase & Co. lowered their price objective on shares of Stifel Financial from $86.00 to $82.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 6th. Capital One Financial set a $75.00 price objective on shares of Stifel Financial in a research note on Tuesday, October 6th. BMO Capital Markets dropped their price objective on shares of Stifel Financial from $85.00 to $75.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 6th. Finally, Wall Street Zen downgraded shares of Stifel Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $86.08.

About Stifel Financial

Stifel Financial Corp. is a financial services holding company headquartered in St. Louis, Missouri. Through its principal operating subsidiaries, including Stifel, Nicolaus & Company, Incorporated, the company provides wealth management, investment banking, securities brokerage and related financial services to individual investors, corporations, municipalities and institutional clients.

Its wealth management business offers investment advice, brokerage services, financial planning, banking and lending solutions, and access to a range of investment products.