Stifel Financial Corporation (NYSE:SF) issued its earnings results on Monday. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.06, Briefing.com reports. Stifel Financial Corporation had a return on equity of 9.30% and a net margin of 6.03%. The business had revenue of $721.20 million during the quarter, compared to analysts’ expectations of $701.12 million. During the same period in the prior year, the firm posted $0.69 EPS. Stifel Financial Corporation’s quarterly revenue was up 12.3% compared to the same quarter last year.
Stifel Financial Corporation (SF) traded down 0.52% during midday trading on Monday, reaching $51.72. The company had a trading volume of 481,655 shares. The stock has a market cap of $3.53 billion, a P/E ratio of 26.70 and a beta of 1.72. Stifel Financial Corporation has a 12 month low of $36.71 and a 12 month high of $56.62. The firm has a 50-day moving average of $51.51 and a 200-day moving average of $48.17.
In other Stifel Financial Corporation news, Director Frederick O. Hanser sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $50.00, for a total transaction of $200,000.00. Following the completion of the transaction, the director now directly owns 33,255 shares in the company, valued at $1,662,750. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Kelvin R. Westbrook sold 5,200 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $48.08, for a total transaction of $250,016.00. Following the transaction, the director now owns 6,684 shares of the company’s stock, valued at $321,366.72. The disclosure for this sale can be found here. 3.60% of the stock is owned by insiders.
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A number of equities analysts have recently issued reports on SF shares. Zacks Investment Research cut Stifel Financial Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. TheStreet raised Stifel Financial Corporation from a “c+” rating to a “b” rating in a report on Monday, July 31st. BidaskClub cut Stifel Financial Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Finally, JMP Securities reissued a “neutral” rating on shares of Stifel Financial Corporation in a report on Friday, August 18th. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $56.00.
Stifel Financial Corporation Company Profile
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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