Stifel Financial (NYSE:SF) Reaches New 1-Year Low – Here’s Why

Stifel Financial Corp. (NYSE:SF) shares hit a new 52-week low on Monday . The stock traded as low as $73.27 and last traded at $74.23, with a volume of 45147 shares. The stock had previously closed at $79.13.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SF. JPMorgan Chase & Co. began coverage on Stifel Financial in a research report on Tuesday, December 10th. They set a “neutral” rating and a $120.00 price target for the company. The Goldman Sachs Group reduced their price target on shares of Stifel Financial from $121.00 to $105.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. UBS Group raised their target price on shares of Stifel Financial from $116.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Citigroup reduced their price target on Stifel Financial from $125.00 to $105.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 2nd. Finally, JMP Securities decreased their price objective on shares of Stifel Financial from $135.00 to $120.00 and set a “market outperform” rating for the company in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $111.57.

Stifel Financial Trading Down 1.3 %

The stock has a market capitalization of $7.83 billion, a price-to-earnings ratio of 12.09 and a beta of 1.00. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.27. The firm has a 50-day moving average of $100.88 and a 200 day moving average of $104.94.

Stifel Financial (NYSE:SF) last released its earnings results on Wednesday, January 29th. The financial services provider reported $2.23 EPS for the quarter, beating the consensus estimate of $1.96 by $0.27. Stifel Financial had a net margin of 14.00% and a return on equity of 16.59%. As a group, equities analysts predict that Stifel Financial Corp. will post 8.26 EPS for the current fiscal year.

Stifel Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.46 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.84 annualized dividend and a dividend yield of 2.44%. This is a boost from Stifel Financial’s previous quarterly dividend of $0.42. Stifel Financial’s payout ratio is currently 29.49%.

Institutional Trading of Stifel Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets grew its holdings in shares of Stifel Financial by 28.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,968 shares of the financial services provider’s stock worth $936,000 after acquiring an additional 2,210 shares during the last quarter. Verition Fund Management LLC acquired a new position in shares of Stifel Financial in the third quarter worth about $385,000. State Street Corp raised its holdings in shares of Stifel Financial by 1.0% during the third quarter. State Street Corp now owns 3,122,342 shares of the financial services provider’s stock valued at $293,188,000 after acquiring an additional 31,101 shares during the period. Kovitz Investment Group Partners LLC boosted its stake in Stifel Financial by 23.6% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 3,962 shares of the financial services provider’s stock worth $360,000 after purchasing an additional 757 shares during the period. Finally, MML Investors Services LLC raised its stake in Stifel Financial by 3.0% during the 3rd quarter. MML Investors Services LLC now owns 28,521 shares of the financial services provider’s stock valued at $2,678,000 after purchasing an additional 820 shares during the period. 82.01% of the stock is owned by institutional investors and hedge funds.

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.