Stifel Financial (NYSE:SF) announced its quarterly earnings results on Wednesday. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.50, Briefing.com reports. Stifel Financial had a net margin of 12.16% and a return on equity of 14.76%. The company had revenue of $895.80 million for the quarter, compared to the consensus estimate of $817.50 million. During the same quarter in the prior year, the firm earned $1.41 earnings per share. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year.

Shares of SF traded down $1.14 on Friday, hitting $47.54. The company’s stock had a trading volume of 6,084 shares, compared to its average volume of 382,543. The company has a quick ratio of 0.70, a current ratio of 0.74 and a debt-to-equity ratio of 0.63. The firm’s fifty day moving average price is $47.91 and its 200-day moving average price is $50.16. Stifel Financial has a fifty-two week low of $31.13 and a fifty-two week high of $69.10. The firm has a market capitalization of $3.38 billion, a price-to-earnings ratio of 8.98 and a beta of 1.72.

In related news, Director John P. Dubinsky sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $46.19, for a total value of $184,760.00. Following the completion of the transaction, the director now directly owns 21,681 shares in the company, valued at approximately $1,001,445.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John P. Dubinsky sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $48.04, for a total value of $144,120.00. Following the completion of the transaction, the director now owns 21,681 shares of the company’s stock, valued at $1,041,555.24. The disclosure for this sale can be found here. 3.71% of the stock is currently owned by insiders.

SF has been the subject of several recent research reports. Wells Fargo & Co increased their price objective on shares of Stifel Financial from $40.00 to $44.00 and gave the stock an “underweight” rating in a research report on Friday, July 10th. Wolfe Research downgraded shares of Stifel Financial from an “outperform” rating to a “peer perform” rating and reduced their price objective for the company from $49.00 to $45.00 in a research note on Friday, May 1st. Stifel Nicolaus downgraded shares of Stifel Financial from an “equal weight” rating to an “underweight” rating in a research note on Monday, May 18th. ValuEngine downgraded shares of Stifel Financial from a “hold” rating to a “sell” rating in a research report on Thursday, April 2nd. Finally, Credit Suisse Group initiated coverage on shares of Stifel Financial in a research report on Monday, June 22nd. They issued a “neutral” rating and a $52.00 price target on the stock. Three analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. Stifel Financial currently has an average rating of “Hold” and a consensus price target of $50.25.

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, the United Kingdom, rest of Europe, and Asia. The company operates through three segments: Global Wealth Management, Institutional Group, and Other.

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Earnings History for Stifel Financial (NYSE:SF)

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