Shares of Stifel Financial Corporation (NYSE:SF – Get Free Report) have earned a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $88.58.
A number of equities research analysts have commented on SF shares. BMO Capital Markets lowered their target price on Stifel Financial from $85.00 to $75.00 and set a “market perform” rating on the stock in a report on Tuesday. Wall Street Zen cut 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 Stifel Financial in a research report on Thursday, July 23rd. JPMorgan Chase & Co. decreased their price objective on Stifel Financial from $86.00 to $82.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Stifel Financial in a research note on Wednesday, August 26th.
Get Our Latest Report on Stifel Financial
Insider Buying and Selling at Stifel Financial
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the business. Requisite Capital Management LLC acquired a new position in Stifel Financial in the second quarter worth $5,520,000. Fifth Third Bancorp raised its holdings in shares of Stifel Financial by 430.4% during the first quarter. Fifth Third Bancorp now owns 73,993 shares of the financial services provider’s stock worth $5,470,000 after purchasing an additional 60,042 shares during the period. WINTON GROUP Ltd raised its holdings in shares of Stifel Financial by 21.4% during the second quarter. WINTON GROUP Ltd now owns 299,748 shares of the financial services provider’s stock worth $20,913,000 after purchasing an additional 52,778 shares during the period. Bank of America Corp DE bought a new position in shares of Stifel Financial in the 2nd quarter worth about $123,551,000. Finally, BlackRock Inc. bought a new position in shares of Stifel Financial in the 2nd quarter worth about $1,031,197,000. 82.01% of the stock is currently owned by institutional investors and hedge funds.
Stifel Financial Trading Down 0.7%
NYSE:SF opened at $70.11 on Wednesday. The company has a market capitalization of $10.59 billion, a PE ratio of 12.55 and a beta of 1.01. 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. The stock has a fifty day simple moving average of $78.92 and a 200-day simple moving average of $76.22.
Stifel Financial (NYSE:SF – Get Free Report) last issued 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. Stifel Financial had a net margin of 16.11% and a return on equity of 19.22%. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the prior year, the company earned $1.71 EPS. The firm’s revenue was up 13.0% on a year-over-year basis. On average, equities research analysts expect that Stifel Financial will post 6.31 earnings per share for the current fiscal year.
Stifel Financial Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were issued a dividend of $0.34 per share. The ex-dividend date was Tuesday, September 1st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.9%. Stifel Financial’s payout ratio is 24.33%.
Stifel Financial Company Profile
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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