Stifel Financial Corp. (NYSE:SF) Receives Consensus Rating of “Hold” from Analysts

Shares of Stifel Financial Corp. (NYSE:SF) have been given an average recommendation of “Hold” by the six analysts that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $90.40.

Several research analysts have weighed in on the company. Wolfe Research lowered Stifel Financial from an “outperform” rating to a “peer perform” rating in a report on Monday, July 22nd. JMP Securities reiterated a “market outperform” rating and issued a $105.00 price objective on shares of Stifel Financial in a research report on Monday, September 9th. Wells Fargo & Company started coverage on shares of Stifel Financial in a report on Thursday, September 12th. They set an “overweight” rating and a $101.00 target price on the stock. StockNews.com upgraded shares of Stifel Financial from a “hold” rating to a “buy” rating in a report on Thursday, September 12th. Finally, TD Cowen raised their price objective on shares of Stifel Financial from $85.00 to $88.00 and gave the stock a “hold” rating in a report on Thursday, July 25th.

Stifel Financial Stock Performance

Shares of NYSE:SF opened at $88.77 on Tuesday. The firm’s 50 day simple moving average is $84.39 and its 200 day simple moving average is $80.75. Stifel Financial has a fifty-two week low of $54.81 and a fifty-two week high of $90.00. The company has a market capitalization of $9.10 billion, a price-to-earnings ratio of 20.18 and a beta of 1.09. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.80.

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

Stifel Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Tuesday, September 3rd. Stifel Financial’s dividend payout ratio is presently 38.18%.

Institutional Trading of Stifel Financial

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Versant Capital Management Inc grew its stake in Stifel Financial by 1,818.8% in the second quarter. Versant Capital Management Inc now owns 307 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 291 shares in the last quarter. Fidelis Capital Partners LLC acquired a new stake in shares of Stifel Financial in the 1st quarter valued at approximately $32,000. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of Stifel Financial in the first quarter valued at $33,000. Bessemer Group Inc. increased its holdings in Stifel Financial by 388.3% during the first quarter. Bessemer Group Inc. now owns 796 shares of the financial services provider’s stock worth $62,000 after buying an additional 633 shares during the last quarter. Finally, Rothschild Investment LLC bought a new stake in Stifel Financial during the second quarter worth $64,000. 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.