Shares of Stifel Financial Corp (NYSE:SF) have been given an average rating of “Hold” by the nine analysts that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $61.67.
A number of analysts have recently commented on SF shares. Wolfe Research started coverage on Stifel Financial in a research note on Tuesday, September 25th. They issued a “market perform” rating and a $63.00 price objective on the stock. Zacks Investment Research raised Stifel Financial from a “sell” rating to a “hold” rating in a research note on Friday, November 2nd. ValuEngine downgraded Stifel Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, September 18th. Goldman Sachs Group assumed coverage on Stifel Financial in a research note on Tuesday, November 27th. They issued a “neutral” rating and a $56.00 price objective on the stock. Finally, Wells Fargo & Co decreased their target price on Stifel Financial from $61.00 to $49.00 and set an “outperform” rating on the stock in a report on Wednesday, October 31st.
In related news, Director Michael J. Zimmerman bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 7th. The shares were acquired at an average cost of $48.39 per share, for a total transaction of $241,950.00. Following the acquisition, the director now directly owns 10,694 shares of the company’s stock, valued at approximately $517,482.66. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider James M. Zemlyak bought 3,565 shares of the firm’s stock in a transaction that occurred on Thursday, November 1st. The stock was bought at an average price of $46.99 per share, for a total transaction of $167,519.35. Following the completion of the acquisition, the insider now directly owns 835,485 shares in the company, valued at $39,259,440.15. The disclosure for this purchase can be found here. Insiders own 3.86% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Stratos Wealth Partners LTD. purchased a new position in shares of Stifel Financial during the third quarter valued at $133,000. First Republic Investment Management Inc. purchased a new position in shares of Stifel Financial during the second quarter valued at $220,000. Point72 Hong Kong Ltd purchased a new position in shares of Stifel Financial during the second quarter valued at $225,000. MML Investors Services LLC purchased a new position in shares of Stifel Financial during the third quarter valued at $241,000. Finally, Gator Capital Management LLC purchased a new position in shares of Stifel Financial during the second quarter valued at $251,000. Institutional investors and hedge funds own 85.75% of the company’s stock.
Shares of SF traded down $0.62 during midday trading on Monday, reaching $45.37. The stock had a trading volume of 564,937 shares, compared to its average volume of 389,484. Stifel Financial has a 52 week low of $42.51 and a 52 week high of $68.76. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.66 and a current ratio of 0.72. The company has a market capitalization of $3.31 billion, a PE ratio of 11.37, a P/E/G ratio of 1.11 and a beta of 1.86.
Stifel Financial (NYSE:SF) last posted its quarterly earnings data on Tuesday, October 30th. The financial services provider reported $1.35 EPS for the quarter, topping the Zacks’ consensus estimate of $1.34 by $0.01. Stifel Financial had a return on equity of 14.99% and a net margin of 9.16%. The company had revenue of $738.34 million for the quarter, compared to the consensus estimate of $764.90 million. During the same quarter in the previous year, the business earned $0.89 EPS. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, equities research analysts forecast that Stifel Financial will post 5.2 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Friday, November 30th. Stifel Financial’s payout ratio is 12.03%.
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, and rest of Europe. The company operates through three segments: Global Wealth Management, Institutional Group, and Other.
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