Wells Fargo & Company Begins Coverage on Stifel Financial (NYSE:SF)

Wells Fargo & Company assumed coverage on shares of Stifel Financial (NYSE:SF) in a report released on Thursday, Marketbeat Ratings reports. The brokerage issued an overweight rating and a $101.00 price target on the financial services provider’s stock.

SF has been the subject of several other research reports. JMP Securities reaffirmed a market outperform rating and set a $105.00 price target on shares of Stifel Financial in a report on Monday, September 9th. TD Cowen boosted their price objective on Stifel Financial from $85.00 to $88.00 and gave the stock a hold rating in a report on Thursday, July 25th. StockNews.com lowered Stifel Financial from a buy rating to a hold rating in a research note on Thursday, August 8th. Finally, Wolfe Research downgraded Stifel Financial from an outperform rating to a peer perform rating in a research note on Monday, July 22nd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of Hold and a consensus price target of $90.40.

Stifel Financial Stock Performance

Shares of SF opened at $85.79 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.80. The firm has a 50-day moving average of $84.39 and a 200-day moving average of $80.72. The company has a market cap of $8.79 billion, a PE ratio of 19.50 and a beta of 1.09. Stifel Financial has a one year low of $54.81 and a one year high of $90.00.

Stifel Financial (NYSE:SF) last posted its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.06. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Stifel Financial had a return on equity of 13.24% and a net margin of 11.59%. Stifel Financial’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the company posted $1.20 earnings per share. As a group, equities analysts forecast that Stifel Financial will post 6.55 earnings per share for the current year.

Stifel Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Tuesday, September 3rd. Stifel Financial’s dividend payout ratio (DPR) is presently 38.18%.

Institutional Trading of Stifel Financial

Several large investors have recently made changes to their positions in SF. Steward Partners Investment Advisory LLC boosted its stake in Stifel Financial by 0.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 22,537 shares of the financial services provider’s stock valued at $1,558,000 after buying an additional 141 shares in the last quarter. Delphi Management Inc. MA boosted its stake in shares of Stifel Financial by 0.8% in the 2nd quarter. Delphi Management Inc. MA now owns 22,778 shares of the financial services provider’s stock valued at $1,917,000 after purchasing an additional 176 shares in the last quarter. Boston Partners increased its position in Stifel Financial by 0.5% during the 4th quarter. Boston Partners now owns 37,765 shares of the financial services provider’s stock worth $2,611,000 after purchasing an additional 199 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in Stifel Financial by 2.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 10,116 shares of the financial services provider’s stock valued at $851,000 after purchasing an additional 284 shares during the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of Stifel Financial by 1,818.8% during the second quarter. Versant Capital Management Inc now owns 307 shares of the financial services provider’s stock worth $26,000 after buying an additional 291 shares during the last quarter. Institutional investors and hedge funds 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.