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

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

SF has been the topic of several recent analyst reports. StockNews.com raised Stifel Financial from a “hold” rating to a “buy” rating in a research note on Thursday, September 12th. JMP Securities reaffirmed a “market outperform” rating and issued a $105.00 target price on shares of Stifel Financial in a report on Monday, September 9th. TD Cowen lifted their price target on shares of Stifel Financial from $85.00 to $88.00 and gave the company a “hold” rating in a report on Thursday, July 25th. Wolfe Research cut shares of Stifel Financial from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 22nd. Finally, Wells Fargo & Company assumed coverage on shares of Stifel Financial in a research note on Thursday, September 12th. They issued an “overweight” rating and a $101.00 target price for the company.

Stifel Financial Trading Up 3.5 %

Shares of SF stock opened at $88.77 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.80 and a current ratio of 0.84. The firm has a fifty day moving average of $84.39 and a 200-day moving average of $80.75. Stifel Financial has a 52-week low of $54.81 and a 52-week high of $90.00. The stock has a market cap of $9.10 billion, a price-to-earnings ratio of 20.18 and a beta of 1.09.

Stifel Financial (NYSE:SF) last announced 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. 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 analysts’ expectations of $1.18 billion. During the same quarter last year, the company earned $1.20 earnings per share. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, equities research analysts forecast that Stifel Financial will post 6.55 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders 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 dividend yield of 1.89%. The ex-dividend date is Tuesday, September 3rd. Stifel Financial’s dividend payout ratio is presently 38.18%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Versant Capital Management Inc lifted its position in Stifel Financial by 1,818.8% during the 2nd 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 during the period. Fidelis Capital Partners LLC acquired a new position in Stifel Financial in the first quarter valued at approximately $32,000. Mitsubishi UFJ Trust & Banking Corp bought a new position in Stifel Financial in the first quarter valued at approximately $33,000. Bessemer Group Inc. grew its holdings in Stifel Financial by 388.3% during the 1st quarter. Bessemer Group Inc. now owns 796 shares of the financial services provider’s stock worth $62,000 after acquiring an additional 633 shares during the period. Finally, Rothschild Investment LLC bought a new stake in shares of Stifel Financial during the 2nd quarter valued at $64,000. 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.