Stifel Financial (NYSE:SF) Shares Set to Split on Friday, February 27th

Shares of Stifel Financial Corporation (NYSE:SF) are scheduled to split on Friday, February 27th. The 3-2 split was announced on Tuesday, January 27th. The newly issued shares will be issued to shareholders after the market closes on Thursday, February 26th.

Stifel Financial Stock Up 0.2%

Shares of NYSE:SF opened at $118.95 on Friday. The company’s fifty day moving average is $127.76 and its 200-day moving average is $119.78. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.79 and a current ratio of 0.84. Stifel Financial has a 52 week low of $73.27 and a 52 week high of $134.74. The company has a market capitalization of $12.11 billion, a PE ratio of 20.23 and a beta of 1.13.

Stifel Financial (NYSE:SF) last announced its earnings results on Wednesday, January 28th. The financial services provider reported $2.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.48 by $0.15. Stifel Financial had a net margin of 12.37% and a return on equity of 15.80%. The business had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter last year, the company posted $2.23 EPS. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. Equities research analysts predict that Stifel Financial will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, March 2nd. This is a positive change from Stifel Financial’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a dividend yield of 1.7%. Stifel Financial’s dividend payout ratio (DPR) is 31.29%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Stifel Nicolaus set a $138.00 price target on Stifel Financial in a research report on Wednesday, January 14th. Wolfe Research restated an “outperform” rating and issued a $149.00 target price on shares of Stifel Financial in a research note on Wednesday, January 7th. Zacks Research cut Stifel Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. TD Cowen reissued a “hold” rating on shares of Stifel Financial in a report on Thursday, January 29th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Stifel Financial from $133.00 to $136.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Stifel Financial presently has an average rating of “Moderate Buy” and a consensus price target of $135.18.

Insider Transactions at Stifel Financial

In other Stifel Financial news, insider David Rubulotta sold 400 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $124.31, for a total transaction of $49,724.00. Following the transaction, the insider owned 992 shares in the company, valued at $123,315.52. This represents a 28.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.28% of the stock is owned by corporate insiders.

Institutional Trading of Stifel Financial

A number of institutional investors and hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC raised its position in Stifel Financial by 5.8% during the first quarter. NewEdge Advisors LLC now owns 2,673 shares of the financial services provider’s stock valued at $252,000 after purchasing an additional 147 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of Stifel Financial by 1,162.6% in the 1st quarter. Jones Financial Companies Lllp now owns 2,702 shares of the financial services provider’s stock valued at $255,000 after purchasing an additional 2,488 shares during the last quarter. Blair William & Co. IL raised its holdings in shares of Stifel Financial by 85.1% during the 2nd quarter. Blair William & Co. IL now owns 4,299 shares of the financial services provider’s stock worth $446,000 after buying an additional 1,976 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Stifel Financial by 10.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 93,351 shares of the financial services provider’s stock worth $9,826,000 after buying an additional 8,951 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Stifel Financial during the 2nd quarter worth $606,000. Institutional investors own 82.01% of the company’s stock.

About Stifel Financial

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full‐service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research‐driven insights.

The firm’s main business activities are organized into two core segments: Private Client Group and Institutional Group.