Stifel Financial (NYSE:SF) Hits New 52-Week High at $94.48

Stifel Financial Corp. (NYSE:SF)’s share price hit a new 52-week high on Wednesday . The company traded as high as $94.48 and last traded at $94.05, with a volume of 29893 shares changing hands. The stock had previously closed at $93.40.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Citigroup lifted their target price on Stifel Financial from $90.00 to $102.00 and gave the company a “neutral” rating in a research note on Friday, September 27th. The Goldman Sachs Group increased their price objective on shares of Stifel Financial from $85.00 to $94.00 and gave the company a “neutral” rating in a report on Thursday, September 26th. TD Cowen increased their price target on Stifel Financial from $85.00 to $88.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. StockNews.com cut Stifel Financial from a “buy” rating to a “hold” rating in a research note on Friday, September 20th. Finally, Wells Fargo & Company began coverage on Stifel Financial in a report on Thursday, September 12th. They set an “overweight” rating and a $101.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Stifel Financial currently has an average rating of “Hold” and an average price target of $94.67.

Stifel Financial Price Performance

The company has a 50-day moving average of $86.50 and a 200-day moving average of $82.20. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.80 and a current ratio of 0.84. The firm has a market capitalization of $9.62 billion, a price-to-earnings ratio of 21.40 and a beta of 1.09.

Stifel Financial (NYSE:SF) last issued its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.06. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.18 billion. Stifel Financial had a net margin of 11.59% and a return on equity of 13.24%. The firm’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.20 earnings per share. As a group, research analysts anticipate that Stifel Financial Corp. will post 6.55 EPS for the current fiscal year.

Stifel Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend was Tuesday, September 3rd. Stifel Financial’s dividend payout ratio is presently 38.18%.

Hedge Funds Weigh In On Stifel Financial

Hedge funds have recently made changes to their positions in the business. First Trust Advisors LP grew its position in Stifel Financial by 12.4% in the fourth quarter. First Trust Advisors LP now owns 525,026 shares of the financial services provider’s stock valued at $36,306,000 after purchasing an additional 58,013 shares in the last quarter. Integrated Advisors Network LLC bought a new stake in Stifel Financial during the fourth quarter worth about $3,600,000. Quadrature Capital Ltd acquired a new position in Stifel Financial during the fourth quarter valued at approximately $649,000. HighPoint Advisor Group LLC bought a new position in Stifel Financial in the fourth quarter valued at approximately $215,000. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Stifel Financial during the 1st quarter worth approximately $2,251,000. 82.01% of the stock is owned by institutional investors.

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.