Brokerages Set Stifel Financial Corp (SF) Target Price at $63.67

Stifel Financial Corp (NYSE:SF) has been given an average rating of “Buy” by the nine ratings firms that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $64.00.

Several analysts have issued reports on SF shares. TheStreet upgraded Stifel Financial from a “c+” rating to a “b-” rating in a report on Tuesday, February 5th. JMP Securities upped their target price on Stifel Financial from $61.00 to $65.00 and gave the company a “market outperform” rating in a report on Monday, April 8th. ValuEngine cut Stifel Financial from a “hold” rating to a “sell” rating in a report on Monday, February 4th. Wells Fargo & Co upped their target price on Stifel Financial from $54.00 to $56.00 and gave the company a “market perform” rating in a report on Friday, April 5th. Finally, Goldman Sachs Group upgraded Stifel Financial from a “neutral” rating to a “buy” rating and increased their price target for the stock from $55.00 to $70.00 in a report on Thursday, May 9th.

NYSE:SF traded down $1.21 during trading hours on Monday, hitting $53.63. The company had a trading volume of 480,512 shares, compared to its average volume of 450,825. The company has a quick ratio of 0.65, a current ratio of 0.72 and a debt-to-equity ratio of 0.70. The stock has a market cap of $3.89 billion, a P/E ratio of 10.16, a PEG ratio of 1.61 and a beta of 1.88. Stifel Financial has a 1 year low of $38.39 and a 1 year high of $61.93.

Stifel Financial (NYSE:SF) last issued its earnings results on Tuesday, April 30th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.11. The company had revenue of $770.40 million during the quarter, compared to analysts’ expectations of $745.21 million. Stifel Financial had a return on equity of 14.77% and a net margin of 13.28%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.15 EPS. On average, equities analysts anticipate that Stifel Financial will post 5.7 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Friday, May 31st. Stifel Financial’s dividend payout ratio is presently 11.36%.

In related news, Director James M. Oates sold 20,000 shares of the stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $58.61, for a total transaction of $1,172,200.00. Following the transaction, the director now owns 17,397 shares of the company’s stock, valued at approximately $1,019,638.17. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Victor Nesi sold 1,250 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $56.04, for a total value of $70,050.00. Following the transaction, the insider now directly owns 184,910 shares in the company, valued at approximately $10,362,356.40. The disclosure for this sale can be found here. Corporate insiders own 3.77% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its position in Stifel Financial by 2.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 472,976 shares of the financial services provider’s stock valued at $24,245,000 after purchasing an additional 9,843 shares in the last quarter. Teachers Advisors LLC raised its position in Stifel Financial by 8.6% in the 3rd quarter. Teachers Advisors LLC now owns 507,440 shares of the financial services provider’s stock valued at $26,011,000 after purchasing an additional 40,328 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Stifel Financial by 12.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,800 shares of the financial services provider’s stock valued at $157,000 after purchasing an additional 420 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Stifel Financial by 14.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,991 shares of the financial services provider’s stock valued at $207,000 after purchasing an additional 625 shares in the last quarter. Finally, Private Capital Group LLC raised its position in Stifel Financial by 59.1% in the 4th quarter. Private Capital Group LLC now owns 2,785 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 1,034 shares in the last quarter. 86.27% of the stock is currently owned by hedge funds and other institutional investors.

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 Asia. The company operates through three segments: Global Wealth Management, Institutional Group, and Other.

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Analyst Recommendations for Stifel Financial (NYSE:SF)

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