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

Stifel Financial Corp. (NYSE:SF) has earned an average rating of “Hold” from the seven analysts that are presently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $103.17.

Several research analysts recently issued reports on SF shares. Wells Fargo & Company increased their price target on shares of Stifel Financial from $113.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. JMP Securities raised their target price on shares of Stifel Financial from $105.00 to $110.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 9th. Citigroup boosted their price target on Stifel Financial from $90.00 to $102.00 and gave the stock a “neutral” rating in a research report on Friday, September 27th. StockNews.com lowered Stifel Financial from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Finally, TD Cowen boosted their target price on Stifel Financial from $100.00 to $105.00 and gave the stock a “hold” rating in a report on Thursday, October 24th.

Stifel Financial Price Performance

Shares of Stifel Financial stock opened at $116.28 on Friday. The company has a market cap of $11.90 billion, a PE ratio of 21.03 and a beta of 1.08. The business has a 50 day moving average of $103.81 and a 200 day moving average of $90.32. Stifel Financial has a 52 week low of $60.17 and a 52 week high of $119.12. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27.

Stifel Financial (NYSE:SF) last posted its earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 EPS for the quarter, missing the consensus estimate of $1.60 by ($0.10). Stifel Financial had a return on equity of 14.92% and a net margin of 12.98%. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the prior year, the business posted $0.60 earnings per share. The company’s revenue for the quarter was up 17.2% on a year-over-year basis. As a group, equities research analysts forecast that Stifel Financial will post 6.44 earnings per share for the current year.

Stifel Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Monday, December 2nd. Stifel Financial’s dividend payout ratio (DPR) is 30.38%.

Insider Transactions at Stifel Financial

In other Stifel Financial news, COO David D. Sliney sold 25,000 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $116.18, for a total value of $2,904,500.00. Following the transaction, the chief operating officer now owns 159,619 shares of the company’s stock, valued at approximately $18,544,535.42. This represents a 13.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.57% of the company’s stock.

Institutional Investors Weigh In On Stifel Financial

Hedge funds have recently modified their holdings of the business. Franklin Resources Inc. lifted its position in shares of Stifel Financial by 9.7% during the 3rd quarter. Franklin Resources Inc. now owns 44,113 shares of the financial services provider’s stock valued at $4,336,000 after buying an additional 3,887 shares in the last quarter. Tidal Investments LLC boosted its position in shares of Stifel Financial by 13.7% in the third quarter. Tidal Investments LLC now owns 3,877 shares of the financial services provider’s stock worth $364,000 after purchasing an additional 467 shares during the period. Sanctuary Advisors LLC increased its stake in shares of Stifel Financial by 1.8% in the third quarter. Sanctuary Advisors LLC now owns 49,113 shares of the financial services provider’s stock worth $4,612,000 after purchasing an additional 853 shares in the last quarter. Rehmann Capital Advisory Group raised its position in shares of Stifel Financial by 4.9% during the 3rd quarter. Rehmann Capital Advisory Group now owns 3,234 shares of the financial services provider’s stock valued at $306,000 after purchasing an additional 151 shares during the period. Finally, TD Private Client Wealth LLC lifted its stake in shares of Stifel Financial by 27.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 2,708 shares of the financial services provider’s stock valued at $254,000 after buying an additional 576 shares in the last quarter. 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.