Stifel Financial Corporation (NYSE:SF) issued its quarterly earnings results on Monday, October 30th. The financial services provider reported $0.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.06, Briefing.com reports. Stifel Financial Corporation had a net margin of 7.61% and a return on equity of 9.78%. The company had revenue of $721.20 million during the quarter, compared to the consensus estimate of $701.12 million. During the same quarter in the prior year, the firm posted $0.69 EPS. The firm’s quarterly revenue was up 12.3% on a year-over-year basis.
Shares of Stifel Financial Corporation (SF) opened at $52.37 on Wednesday. Stifel Financial Corporation has a 12-month low of $41.93 and a 12-month high of $56.62. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.61 and a current ratio of 0.67. The firm has a market cap of $3,621.92, a price-to-earnings ratio of 16.48, a PEG ratio of 1.28 and a beta of 1.70.
SF has been the subject of several research reports. Nomura increased their price objective on shares of Stifel Financial Corporation from $56.00 to $58.00 and gave the company a “neutral” rating in a research note on Tuesday, October 31st. Zacks Investment Research downgraded shares of Stifel Financial Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. TheStreet raised shares of Stifel Financial Corporation from a “c+” rating to a “b” rating in a research note on Monday, July 31st. BidaskClub downgraded shares of Stifel Financial Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Finally, JMP Securities reissued a “neutral” rating on shares of Stifel Financial Corporation in a research note on Friday, August 18th. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $56.33.
In other Stifel Financial Corporation news, insider Thomas B. Michaud sold 24,536 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $52.40, for a total value of $1,285,686.40. Following the completion of the sale, the insider now directly owns 60,589 shares in the company, valued at $3,174,863.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James M. Oates sold 1,768 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $52.27, for a total transaction of $92,413.36. Following the completion of the sale, the director now owns 28,640 shares of the company’s stock, valued at $1,497,012.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,504 shares of company stock valued at $1,628,116. 3.60% of the stock is currently owned by corporate insiders.
About Stifel Financial Corporation
Stifel Financial Corp. is a financial holding company. Its principal subsidiary is Stifel, Nicolaus & Company, Incorporated, a retail and institutional wealth management and investment banking firm. It operates through three segments: Global Wealth Management, Institutional Group and Other. The Global Wealth Management segment consists of the Private Client Group and Stifel Bank businesses.
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