Stifel Financial Corp. (NYSE:SF) Receives $83.75 Consensus Target Price from Analysts

Stifel Financial Corp. (NYSE:SF) has earned an average recommendation of “Hold” from the five ratings firms that are presently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and one has issued a buy 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 $83.50.

SF has been the subject of a number of analyst reports. StockNews.com downgraded shares of Stifel Financial from a “buy” rating to a “hold” rating in a research report on Thursday. Citigroup lifted their price objective on shares of Stifel Financial from $74.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Wolfe Research downgraded shares of Stifel Financial from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 22nd. JMP Securities reissued a “market outperform” rating and issued a $88.00 price objective on shares of Stifel Financial in a research report on Tuesday, April 9th. Finally, TD Cowen lifted their price objective on shares of Stifel Financial from $85.00 to $88.00 and gave the company a “hold” rating in a research report on Thursday.

Stifel Financial Stock Up 1.8 %

Shares of SF stock opened at $88.22 on Monday. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. Stifel Financial has a 1 year low of $54.81 and a 1 year high of $88.60. The firm’s fifty day moving average price is $81.63 and its two-hundred day moving average price is $78.09. The firm has a market capitalization of $9.04 billion, a P/E ratio of 20.05 and a beta of 1.11.

Stifel Financial (NYSE:SF) last issued its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.06. Stifel Financial had a net margin of 11.59% and a return on equity of 13.33%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period in the previous year, the business earned $1.20 EPS. The company’s revenue was up 15.9% compared to the same quarter last year. On average, equities analysts predict that Stifel Financial will post 6.55 EPS for the current fiscal year.

Stifel Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.90%. The ex-dividend date was Monday, June 3rd. Stifel Financial’s payout ratio is 38.18%.

Insider Buying and Selling

In other Stifel Financial news, Director David A. Peacock sold 13,000 shares of the business’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $79.90, for a total value of $1,038,700.00. Following the completion of the sale, the director now owns 18,646 shares of the company’s stock, valued at approximately $1,489,815.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.57% of the stock is currently owned by insiders.

Institutional Trading of Stifel Financial

A number of institutional investors have recently bought and sold shares of SF. Norges Bank bought a new stake in Stifel Financial in the 4th quarter valued at about $84,369,000. Vanguard Group Inc. raised its position in shares of Stifel Financial by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 10,461,734 shares of the financial services provider’s stock valued at $817,794,000 after buying an additional 391,384 shares in the last quarter. Earnest Partners LLC raised its position in shares of Stifel Financial by 7.0% in the 1st quarter. Earnest Partners LLC now owns 2,932,059 shares of the financial services provider’s stock valued at $229,199,000 after buying an additional 191,896 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Stifel Financial by 12.8% in the 1st quarter. Principal Financial Group Inc. now owns 1,332,258 shares of the financial services provider’s stock valued at $104,143,000 after buying an additional 151,046 shares in the last quarter. Finally, Access Investment Management LLC acquired a new position in shares of Stifel Financial in the 4th quarter valued at approximately $9,840,000. Institutional investors own 82.01% of the company’s stock.

Stifel Financial Company Profile

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 and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.