Stifel Financial (NYSE:SF) Stock Rating Lowered by StockNews.com

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

SF has been the subject of several other research reports. Wolfe Research downgraded Stifel Financial from an outperform rating to a peer perform rating in a research note on Monday, July 22nd. Citigroup boosted their target price on shares of Stifel Financial from $74.00 to $80.00 and gave the stock a neutral rating in a report on Thursday, April 11th. Finally, TD Cowen raised their price target on shares of Stifel Financial from $85.00 to $88.00 and gave the company a hold rating in a research note on Thursday, July 25th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of $83.50.

Stifel Financial Stock Performance

NYSE SF opened at $81.67 on Thursday. The firm’s fifty day moving average price is $82.09 and its two-hundred day moving average price is $79.02. The stock has a market cap of $8.37 billion, a PE ratio of 18.56 and a beta of 1.11. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 0.84. Stifel Financial has a fifty-two week low of $54.81 and a fifty-two week high of $90.00.

Stifel Financial (NYSE:SF) last released its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.06. Stifel Financial had a return on equity of 13.33% and a net margin of 11.59%. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the business posted $1.20 EPS. Stifel Financial’s revenue for the quarter was up 15.9% on a year-over-year basis. On average, equities analysts expect 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 will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.06%. The ex-dividend date is Tuesday, September 3rd. Stifel Financial’s payout ratio is presently 38.18%.

Institutional Investors Weigh In On Stifel Financial

Several large investors have recently modified their holdings of SF. Renaissance Technologies LLC acquired a new position in Stifel Financial in the second quarter valued at $7,415,000. Dimensional Fund Advisors LP lifted its stake in shares of Stifel Financial by 0.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,007,738 shares of the financial services provider’s stock valued at $168,932,000 after purchasing an additional 7,113 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Stifel Financial by 1.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 514,413 shares of the financial services provider’s stock valued at $43,288,000 after purchasing an additional 8,810 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Stifel Financial by 16.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 118,707 shares of the financial services provider’s stock valued at $9,989,000 after purchasing an additional 16,358 shares in the last quarter. Finally, Beverly Hills Private Wealth LLC grew its stake in Stifel Financial by 62.3% during the second quarter. Beverly Hills Private Wealth LLC now owns 19,789 shares of the financial services provider’s stock worth $1,665,000 after purchasing an additional 7,596 shares during the period. 82.01% of the stock is currently owned by institutional investors and hedge funds.

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.