Brokerages Set Stifel Financial Corporation (NYSE:SF) Target Price at $91.90

Stifel Financial Corporation (NYSE:SFGet Free Report) has earned an average recommendation of “Moderate Buy” from the nine brokerages that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $91.9048.

SF has been the topic of several research analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Stifel Financial in a research note on Wednesday, August 26th. Zacks Research upgraded Stifel Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Wall Street Zen downgraded Stifel Financial from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. UBS Group set a $90.00 price objective on shares of Stifel Financial in a research report on Thursday, July 23rd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Stifel Financial from $80.00 to $86.00 and gave the company a “neutral” rating in a report on Thursday, July 23rd.

Read Our Latest Research Report on SF

Stifel Financial Stock Performance

NYSE SF opened at $79.81 on Friday. The firm has a market capitalization of $12.05 billion, a P/E ratio of 14.29 and a beta of 0.98. The company has a current ratio of 0.88, a quick ratio of 0.83 and a debt-to-equity ratio of 0.33. The firm’s fifty day moving average price is $80.68 and its two-hundred day moving average price is $76.30. Stifel Financial has a 1 year low of $67.81 and a 1 year high of $89.83.

Stifel Financial (NYSE:SFGet Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $1.42 EPS 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 the consensus estimate of $1.42 billion. Stifel Financial had a net margin of 16.11% and a return on equity of 19.22%. The company’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.71 EPS. As a group, research analysts anticipate that Stifel Financial will post 6.36 EPS for the current year.

Stifel Financial Announces Dividend

The business 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 $0.34 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $1.36 dividend on an annualized basis and a yield of 1.7%. Stifel Financial’s dividend payout ratio is 24.33%.

Insider Activity

In other news, Director Maryam Brown sold 4,700 shares of the stock in a transaction that occurred 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 transaction, the director owned 5,729 shares in the company, 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 Securities & Exchange Commission, which is accessible through this link. 3.36% of the stock is currently owned by corporate insiders.

Institutional Trading of Stifel Financial

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Stifel Financial during the 2nd quarter worth approximately $1,031,197,000. California State Teachers Retirement System raised its position in shares of Stifel Financial by 6,765.3% in the second quarter. California State Teachers Retirement System now owns 12,188,540 shares of the financial services provider’s stock valued at $850,394,000 after buying an additional 12,011,002 shares in the last quarter. Bank of America Corp DE bought a new stake in shares of Stifel Financial in the second quarter valued at approximately $123,551,000. AQR Capital Management LLC grew its position in Stifel Financial by 94.8% during the fourth quarter. AQR Capital Management LLC now owns 2,893,850 shares of the financial services provider’s stock worth $362,368,000 after buying an additional 1,408,347 shares in the last quarter. Finally, Norges Bank bought a new position in Stifel Financial during the 4th quarter worth $172,446,000. 82.01% of the stock is currently owned by institutional investors.

Stifel Financial Company Profile

(Get Free Report)

Stifel Financial Corp. is a diversified financial services company headquartered in St. Louis, Missouri. Through its principal broker-dealer, Stifel, Nicolaus & Company, Incorporated, the company provides wealth management, investment banking, institutional brokerage, securities research, sales and trading, and public finance services to individuals, corporations, municipalities and institutional investors.

Its wealth management business offers investment advisory, brokerage, banking and financial planning services through financial advisors and private client groups.

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Analyst Recommendations for Stifel Financial (NYSE:SF)

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