Stifel Financial (NYSE:SF) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of Stifel Financial (NYSE:SFFree Report) from a buy rating to a hold rating in a report issued on Sunday morning.

SF has been the subject of several other research reports. JPMorgan Chase & Co. raised their price target on Stifel Financial from $80.00 to $86.00 and gave the company a “neutral” rating in a report on Thursday, July 23rd. Zacks Research raised Stifel Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Stifel Financial in a research report on Friday, May 29th. Finally, UBS Group set a $90.00 target price on Stifel Financial in a research report on Thursday, July 23rd. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $91.90.

Get Our Latest Stock Analysis on SF

Stifel Financial Stock Up 0.0%

SF opened at $83.11 on Friday. The company has a market capitalization of $12.55 billion, a PE ratio of 14.88 and a beta of 0.99. The firm has a 50-day simple moving average of $75.61 and a two-hundred day simple moving average of $76.50. The company has a quick ratio of 0.83, a current ratio of 0.88 and a debt-to-equity ratio of 0.33. Stifel Financial has a 52 week low of $67.81 and a 52 week high of $89.83.

Stifel Financial (NYSE:SFGet Free Report) last issued its earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.09. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Stifel Financial had a return on equity of 19.22% and a net margin of 16.11%.The business’s revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.71 earnings per share. Analysts forecast that Stifel Financial will post 6.36 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 1st. Stifel Financial’s dividend payout ratio (DPR) is currently 24.33%.

Insider Transactions at Stifel Financial

In related news, Director Maryam S. Brown sold 4,700 shares of the business’s stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $79.20, for a total transaction of $372,240.00. Following the completion of the transaction, the director owned 5,729 shares in the company, valued at $453,736.80. The trade was a 45.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.36% of the stock is currently owned by insiders.

Institutional Trading of Stifel Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Activest Wealth Management boosted its stake in shares of Stifel Financial by 12,000.0% during the fourth quarter. Activest Wealth Management now owns 242 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 240 shares during the period. Advisory Services Network LLC purchased a new position in Stifel Financial in the 3rd quarter worth about $29,000. Caitong International Asset Management Co. Ltd purchased a new position in Stifel Financial in the 4th quarter worth about $34,000. Cullen Frost Bankers Inc. bought a new stake in Stifel Financial during the 4th quarter valued at about $50,000. Finally, BOKF NA lifted its holdings in Stifel Financial by 1,626.9% during the 3rd quarter. BOKF NA now owns 449 shares of the financial services provider’s stock valued at $51,000 after buying an additional 423 shares in the last quarter. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Stifel Financial Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Stifel Financial (NYSE:SF)

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