Stifel Financial (NYSE:SF) Announces Quarterly Earnings Results, Beats Estimates By $0.27 EPS

Stifel Financial (NYSE:SF) issued its quarterly earnings results on Wednesday. The financial services provider reported $2.23 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.27, Zacks reports. Stifel Financial had a return on equity of 14.92% and a net margin of 12.98%.

Stifel Financial Stock Up 1.8 %

Stifel Financial stock opened at $115.26 on Wednesday. The stock has a market capitalization of $11.80 billion, a price-to-earnings ratio of 20.84 and a beta of 1.11. 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 stock has a 50 day moving average of $110.70 and a two-hundred day moving average of $99.31. Stifel Financial has a twelve month low of $71.36 and a twelve month high of $119.12.

Insider Buying and Selling

In other Stifel Financial news, COO David D. Sliney sold 25,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $116.18, for a total value of $2,904,500.00. Following the completion of the sale, the chief operating officer now owns 159,619 shares of the company’s stock, valued at approximately $18,544,535.42. This trade represents a 13.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. StockNews.com lowered shares of Stifel Financial from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. assumed coverage on Stifel Financial in a research note on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 price target on the stock. Wells Fargo & Company lowered their price objective on Stifel Financial from $130.00 to $128.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. TD Cowen boosted their target price on Stifel Financial from $100.00 to $105.00 and gave the stock a “hold” rating in a research note on Thursday, October 24th. Finally, JMP Securities increased their price target on shares of Stifel Financial from $105.00 to $110.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 9th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Stifel Financial presently has a consensus rating of “Hold” and a consensus price target of $107.14.

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.