Stifel Financial (NYSE:SF) Cut to Hold at StockNews.com

StockNews.com downgraded shares of Stifel Financial (NYSE:SF) from a buy rating to a hold rating in a research note published on Friday.

A number of other research analysts have also weighed in on the stock. JMP Securities reiterated a market outperform rating and issued a $105.00 price objective on shares of Stifel Financial in a research note on Monday, September 9th. TD Cowen boosted their price objective on Stifel Financial from $85.00 to $88.00 and gave the company a hold rating in a research note on Thursday, July 25th. Wolfe Research cut Stifel Financial from an outperform rating to a peer perform rating in a report on Monday, July 22nd. Finally, Wells Fargo & Company started coverage on Stifel Financial in a report on Thursday, September 12th. They set an overweight rating and a $101.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of Hold and an average price target of $90.40.

Stifel Financial Stock Performance

Shares of SF opened at $92.47 on Friday. Stifel Financial has a 1 year low of $54.81 and a 1 year high of $92.98. 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 stock’s fifty day moving average price is $85.15 and its two-hundred day moving average price is $81.28. The firm has a market cap of $9.47 billion, a PE ratio of 21.02 and a beta of 1.09.

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

Stifel Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend was Tuesday, September 3rd. Stifel Financial’s dividend payout ratio is 38.18%.

Institutional Trading of Stifel Financial

A number of large investors have recently modified their holdings of the business. SageView Advisory Group LLC purchased a new stake in Stifel Financial during the first quarter valued at about $1,251,000. SG Americas Securities LLC bought a new position in shares of Stifel Financial during the 2nd quarter valued at about $1,543,000. Quadrature Capital Ltd purchased a new position in shares of Stifel Financial during the 4th quarter valued at about $649,000. Van ECK Associates Corp lifted its position in Stifel Financial by 36.5% in the 1st quarter. Van ECK Associates Corp now owns 35,083 shares of the financial services provider’s stock worth $2,742,000 after buying an additional 9,384 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in Stifel Financial by 268.6% in the second quarter. Blue Trust Inc. now owns 8,798 shares of the financial services provider’s stock worth $688,000 after buying an additional 6,411 shares in the last quarter. Institutional investors own 82.01% 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 and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.