Stifel Financial (NYSE:SF – Free Report) had its price objective decreased by BMO Capital Markets from $85.00 to $75.00 in a research note released on Tuesday morning,Benzinga reports. BMO Capital Markets currently has a market perform rating on the financial services provider’s stock.
Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. boosted their price target on Stifel Financial from $80.00 to $86.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. UBS Group set a $90.00 price objective on Stifel Financial in a research note on Thursday, July 23rd. Wall Street Zen downgraded Stifel Financial from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stifel Financial in a research report on Wednesday, August 26th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Stifel Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.83.
Get Our Latest Stock Analysis on Stifel Financial
Stifel Financial Stock Performance
Stifel Financial (NYSE:SF – Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.09. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Stifel Financial had a net margin of 16.11% and a return on equity of 19.22%. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.71 EPS. On average, research analysts forecast that Stifel Financial will post 6.31 EPS for the current fiscal year.
Stifel Financial Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were given a $0.34 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $1.36 annualized dividend and a dividend yield of 1.9%. Stifel Financial’s payout ratio is presently 24.33%.
Insider Activity
In other news, Director Maryam Brown sold 4,700 shares of the stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $79.20, for a total transaction of $372,240.00. Following the transaction, the director owned 5,729 shares of the company’s stock, valued at approximately $453,736.80. This trade represents a 45.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.36% of the company’s stock.
Institutional Trading of Stifel Financial
Hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in Stifel Financial by 21.2% during the third quarter. GAMMA Investing LLC now owns 12,713 shares of the financial services provider’s stock valued at $890,000 after buying an additional 2,221 shares in the last quarter. Gradient Investments LLC grew its position in shares of Stifel Financial by 0.7% in the 3rd quarter. Gradient Investments LLC now owns 26,522 shares of the financial services provider’s stock worth $1,858,000 after acquiring an additional 175 shares in the last quarter. Elevation Wealth Partners LLC grew its position in shares of Stifel Financial by 92.8% in the 3rd quarter. Elevation Wealth Partners LLC now owns 457 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 220 shares in the last quarter. Argent Capital Management LLC bought a new stake in shares of Stifel Financial in the 3rd quarter valued at approximately $14,002,000. Finally, QRG Capital Management Inc. increased its holdings in shares of Stifel Financial by 24.0% in the 2nd quarter. QRG Capital Management Inc. now owns 26,051 shares of the financial services provider’s stock valued at $1,818,000 after acquiring an additional 5,039 shares during the last quarter. 82.01% of the stock is owned by institutional investors.
About Stifel Financial
Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company provides wealth management, investment banking, institutional brokerage, equity and fixed-income research, securities trading, and asset management services.
Its wealth management business serves individual investors, families, businesses, and institutions through financial planning, investment advisory, brokerage, banking, and related services.
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