Stifel Financial (SF) Scheduled to Post Earnings on Wednesday

Stifel Financial (NYSE:SF) will announce its earnings results before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of $1.62 per share for the quarter.

Stifel Financial (NYSE:SF) last posted its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $1.50 EPS for the quarter, beating the consensus estimate of $1.31 by $0.19. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Stifel Financial had a return on equity of 12.32% and a net margin of 11.60%. The firm’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.58 EPS. On average, analysts expect Stifel Financial to post $7 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Stifel Financial Stock Up 0.6 %

SF opened at $74.89 on Friday. Stifel Financial has a 12 month low of $54.81 and a 12 month high of $78.33. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.82 and a quick ratio of 0.79. The stock has a market capitalization of $7.70 billion, a price-to-earnings ratio of 17.50 and a beta of 1.18. The business has a 50-day moving average of $75.79 and a two-hundred day moving average of $68.60.

Stifel Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.24%. This is an increase from Stifel Financial’s previous quarterly dividend of $0.36. The ex-dividend date was Thursday, February 29th. Stifel Financial’s payout ratio is 39.25%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SF shares. Citigroup boosted 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 upped their price objective on Stifel Financial from $86.50 to $92.00 and gave the stock an “outperform” rating in a research note on Friday, March 22nd. JMP Securities restated a “market outperform” rating and set a $88.00 price objective on shares of Stifel Financial in a research note on Tuesday, April 9th. UBS Group upped their price objective on Stifel Financial from $74.00 to $78.00 and gave the stock a “neutral” rating in a research note on Monday, January 29th. Finally, StockNews.com upgraded Stifel Financial from a “hold” rating to a “buy” rating in a research note on Thursday, January 25th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $84.50.

Insider Transactions at Stifel Financial

In other news, SVP Thomas B. Michaud sold 25,421 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $74.26, for a total value 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 SEC, which is available at the SEC website. In other news, SVP Thomas B. Michaud sold 25,421 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $74.26, for a total value of $1,887,763.46. Following the completion of the sale, the senior vice president now owns 90,055 shares in the company, valued at $6,687,484.30. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Victor Nesi sold 36,000 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $75.37, for a total value of $2,713,320.00. Following the completion of the sale, the insider now owns 54,732 shares of the company’s stock, valued at approximately $4,125,150.84. The disclosure for this sale can be found here. Company insiders own 3.52% of the company’s stock.

Institutional Investors Weigh In On Stifel Financial

Several hedge funds have recently modified their holdings of the stock. CIBC Private Wealth Group LLC lifted its holdings in shares of Stifel Financial by 4.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 3,869 shares of the financial services provider’s stock valued at $268,000 after purchasing an additional 176 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Stifel Financial by 0.6% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 34,800 shares of the financial services provider’s stock worth $1,949,000 after acquiring an additional 207 shares in the last quarter. Smith Moore & CO. lifted its stake in Stifel Financial by 2.2% in the 1st quarter. Smith Moore & CO. now owns 10,796 shares of the financial services provider’s stock worth $638,000 after acquiring an additional 228 shares in the last quarter. State of Wyoming lifted its stake in Stifel Financial by 35.1% in the 2nd quarter. State of Wyoming now owns 908 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 236 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Stifel Financial by 5.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,575 shares of the financial services provider’s stock worth $267,000 after acquiring an additional 236 shares in the last quarter. 82.01% of the stock is owned by hedge funds and other institutional investors.

About Stifel Financial

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.