Stifel Financial Corp. (NYSE:SF) Given Consensus Recommendation of “Hold” by Analysts

Stifel Financial Corp. (NYSE:SF) has been given a consensus recommendation of “Hold” by the eight analysts that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $52.07.

Several analysts have issued reports on the company. Wells Fargo & Company upgraded Stifel Financial from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $37.00 to $56.00 in a research note on Friday, January 15th. Stifel Nicolaus reiterated a “sell” rating on shares of Stifel Financial in a research note on Friday, February 19th. JMP Securities boosted their price objective on Stifel Financial from $56.00 to $60.00 in a research note on Friday, January 29th. Wolfe Research lowered Stifel Financial from a “peer perform” rating to an “underperform” rating in a research note on Tuesday, January 5th. Finally, Compass Point boosted their price objective on Stifel Financial from $43.33 to $54.67 in a research note on Friday, December 11th.

SF stock traded up $0.11 during midday trading on Friday, hitting $66.57. The company’s stock had a trading volume of 10,200 shares, compared to its average volume of 630,488. The stock’s 50-day moving average price is $63.67 and its 200 day moving average price is $50.86. The company has a quick ratio of 0.73, a current ratio of 0.77 and a debt-to-equity ratio of 0.47. Stifel Financial has a 1 year low of $25.18 and a 1 year high of $68.94. The stock has a market cap of $7.43 billion, a price-to-earnings ratio of 18.06 and a beta of 1.59.

Stifel Financial (NYSE:SF) last issued its earnings results on Thursday, January 28th. The financial services provider reported $1.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.36. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $956.62 million. Stifel Financial had a return on equity of 14.78% and a net margin of 12.26%. The business’s revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.88 earnings per share.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 15th. Shareholders of record on Monday, March 1st were paid a $0.15 dividend. This is a positive change from Stifel Financial’s previous quarterly dividend of $0.11. This represents a $0.60 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend was Friday, February 26th.

In other news, SVP Thomas B. Michaud sold 43,719 shares of the company’s stock in a transaction dated Friday, March 12th. The stock was sold at an average price of $66.80, for a total value of $2,920,429.20. Following the completion of the transaction, the senior vice president now directly owns 120,811 shares in the company, valued at approximately $8,070,174.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Victor Nesi sold 11,249 shares of the company’s stock in a transaction dated Monday, March 8th. The stock was sold at an average price of $64.42, for a total value of $724,660.58. Following the completion of the transaction, the insider now owns 212,000 shares of the company’s stock, valued at $13,657,040. The disclosure for this sale can be found here. Insiders sold a total of 171,710 shares of company stock valued at $10,597,132 over the last quarter. Company insiders own 3.71% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its position in Stifel Financial by 55.3% during the 4th quarter. BlackRock Inc. now owns 11,877,776 shares of the financial services provider’s stock valued at $599,353,000 after purchasing an additional 4,230,206 shares during the last quarter. Alliancebernstein L.P. raised its position in Stifel Financial by 49.0% during the 4th quarter. Alliancebernstein L.P. now owns 4,462,737 shares of the financial services provider’s stock valued at $225,190,000 after purchasing an additional 1,467,834 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Stifel Financial by 41.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,120,737 shares of the financial services provider’s stock valued at $207,933,000 after purchasing an additional 1,197,435 shares during the last quarter. Northern Trust Corp raised its position in Stifel Financial by 46.9% during the 4th quarter. Northern Trust Corp now owns 2,412,526 shares of the financial services provider’s stock valued at $121,736,000 after purchasing an additional 770,121 shares during the last quarter. Finally, Stifel Financial Corp raised its position in Stifel Financial by 39.0% during the 4th quarter. Stifel Financial Corp now owns 2,333,140 shares of the financial services provider’s stock valued at $117,731,000 after purchasing an additional 654,166 shares during the last quarter. Institutional investors own 56.45% of the company’s stock.

About Stifel Financial

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, rest of Europe, and Canada. The company operates in three segments: Global Wealth Management, Institutional Group, and Other.

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Analyst Recommendations for Stifel Financial (NYSE:SF)

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