Stifel Financial (SF) to Release Quarterly Earnings on Wednesday

Stifel Financial (NYSE:SF) is scheduled to be announcing 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. Investors that wish to listen to the company’s conference call can do so using this link.

Stifel Financial (NYSE:SF) last released its 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 firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Stifel Financial had a net margin of 11.60% and a return on equity of 12.32%. Stifel Financial’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the company 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 %

Stifel Financial stock opened at $75.31 on Monday. The stock has a market cap of $7.74 billion, a price-to-earnings ratio of 17.60 and a beta of 1.18. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 0.35. The company’s 50-day moving average price is $75.77 and its two-hundred day moving average price is $68.84. Stifel Financial has a 52 week low of $54.81 and a 52 week high of $78.33.

Stifel Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $0.42 per share. This is a boost from Stifel Financial’s previous quarterly dividend of $0.36. The ex-dividend date was Thursday, February 29th. This represents a $1.68 annualized dividend and a yield of 2.23%. Stifel Financial’s dividend payout ratio (DPR) is presently 39.25%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Citigroup boosted their target price on shares of Stifel Financial from $74.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. JMP Securities reiterated a “market outperform” rating and issued a $88.00 target price on shares of Stifel Financial in a report on Tuesday, April 9th. UBS Group boosted their target price on shares of Stifel Financial from $74.00 to $78.00 and gave the stock a “neutral” rating in a report on Monday, January 29th. StockNews.com upgraded shares of Stifel Financial from a “hold” rating to a “buy” rating in a report on Thursday, January 25th. Finally, TD Cowen boosted their target price on shares of Stifel Financial from $86.50 to $92.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $84.50.

Insider Transactions at Stifel Financial

In other news, insider Victor Nesi sold 36,000 shares of Stifel Financial stock in a transaction that occurred 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 transaction, the insider now directly owns 54,732 shares of the company’s stock, valued at $4,125,150.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, SVP Thomas B. Michaud sold 25,421 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $74.26, for a total transaction of $1,887,763.46. Following the transaction, the senior vice president now directly owns 90,055 shares of the company’s stock, valued at $6,687,484.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Victor Nesi sold 36,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $75.37, for a total transaction of $2,713,320.00. Following the transaction, the insider now directly owns 54,732 shares in the company, valued at $4,125,150.84. The disclosure for this sale can be found here. 3.52% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SF. Belpointe Asset Management LLC lifted its stake in Stifel Financial by 111.4% in the first quarter. Belpointe Asset Management LLC now owns 687 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 362 shares during the last quarter. Quilter Plc acquired a new stake in Stifel Financial in the first quarter valued at approximately $682,191,000. Industrial Alliance Investment Management Inc. lifted its stake in Stifel Financial by 321.8% in the fourth quarter. Industrial Alliance Investment Management Inc. now owns 831 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 634 shares during the last quarter. State of Wyoming lifted its stake in Stifel Financial by 35.1% in the second quarter. State of Wyoming now owns 908 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 236 shares during the last quarter. Finally, KBC Group NV acquired a new stake in Stifel Financial in the fourth quarter valued at approximately $122,000. 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.