Stifel Financial (NYSE:SF) Announces Quarterly Earnings Results

Stifel Financial (NYSE:SF) released its earnings results on Wednesday. The financial services provider reported $2.23 EPS for the quarter, beating the consensus estimate of $1.96 by $0.27, Zacks reports. Stifel Financial had a return on equity of 14.92% and a net margin of 12.98%.

Stifel Financial Stock Performance

Shares of SF opened at $115.16 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. Stifel Financial has a 1 year low of $71.36 and a 1 year high of $120.20. The firm has a fifty day moving average of $110.70 and a 200-day moving average of $99.31. The company has a market cap of $11.79 billion, a price-to-earnings ratio of 20.99 and a beta of 1.11.

Analysts Set New Price Targets

Several brokerages have weighed in on SF. StockNews.com lowered shares of Stifel Financial from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. JMP Securities boosted their price objective on Stifel Financial from $105.00 to $110.00 and gave the company a “market outperform” rating in a report on Wednesday, October 9th. TD Cowen increased their target price on Stifel Financial from $100.00 to $105.00 and gave the stock a “hold” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. assumed coverage on Stifel Financial in a report on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 price target for the company. Finally, Citigroup upped their price target on Stifel Financial from $110.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Stifel Financial has a consensus rating of “Hold” and a consensus target price of $107.14.

Insider Activity at Stifel Financial

In related news, COO David D. Sliney sold 25,000 shares of Stifel Financial stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $116.18, for a total transaction of $2,904,500.00. Following the sale, the chief operating officer now directly owns 159,619 shares in the company, valued at $18,544,535.42. The trade was a 13.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.57% of the stock is currently owned by insiders.

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.