Stifel Financial (NYSE:SF) Sets New 1-Year High – Time to Buy?

by · The Cerbat Gem

Stifel Financial Corporation (NYSE:SFGet Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $134.39 and last traded at $134.3350, with a volume of 79552 shares changing hands. The stock had previously closed at $128.31.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on SF shares. Citigroup reiterated an “outperform” rating on shares of Stifel Financial in a research note on Thursday, October 9th. UBS Group set a $150.00 price target on Stifel Financial and gave the company a “buy” rating in a research report on Thursday, December 11th. Stifel Nicolaus set a $131.00 price objective on shares of Stifel Financial in a research note on Wednesday, October 8th. TD Cowen upgraded shares of Stifel Financial from a “hold” rating to a “buy” rating and boosted their target price for the company from $118.00 to $131.00 in a research note on Wednesday, October 8th. Finally, BMO Capital Markets started coverage on shares of Stifel Financial in a report on Friday, October 3rd. They set a “market perform” rating and a $121.00 price target on the stock. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Stifel Financial currently has a consensus rating of “Moderate Buy” and an average target price of $127.40.

Get Our Latest Research Report on Stifel Financial

Stifel Financial Price Performance

The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.79 and a current ratio of 0.84. The stock has a market capitalization of $13.60 billion, a PE ratio of 23.57 and a beta of 1.13. The stock’s 50 day moving average is $123.17 and its two-hundred day moving average is $115.46.

Stifel Financial (NYSE:SFGet Free Report) last announced its earnings results on Wednesday, October 22nd. The financial services provider reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.06. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Stifel Financial had a return on equity of 14.95% and a net margin of 12.44%.The business’s revenue was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.50 earnings per share. On average, equities analysts anticipate that Stifel Financial Corporation will post 8.26 EPS for the current fiscal year.

Stifel Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were issued a $0.46 dividend. The ex-dividend date was Monday, December 1st. This represents a $1.84 dividend on an annualized basis and a yield of 1.4%. Stifel Financial’s dividend payout ratio (DPR) is presently 32.51%.

Institutional Investors Weigh In On Stifel Financial

Hedge funds have recently modified their holdings of the business. Advisory Services Network LLC acquired a new position in Stifel Financial during the third quarter worth about $29,000. Pinnacle Holdings LLC purchased a new position in Stifel Financial during the third quarter worth approximately $32,000. SJS Investment Consulting Inc. boosted its position in shares of Stifel Financial by 2,383.3% during the 3rd quarter. SJS Investment Consulting Inc. now owns 298 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 286 shares during the last quarter. Root Financial Partners LLC purchased a new stake in shares of Stifel Financial in the third quarter valued at about $37,000. Finally, HM Payson & Co. acquired a new stake in Stifel Financial during the third quarter worth about $37,000. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Stifel Financial Company Profile

(Get Free Report)

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full‐service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research‐driven insights.

The firm’s main business activities are organized into two core segments: Private Client Group and Institutional Group.

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