Stifel Financial Corporation (SF) Receives Average Rating of “Hold” from Analysts
Shares of Stifel Financial Corporation (NYSE:SF) have earned an average recommendation of “Hold” from the ten brokerages that are covering the stock, MarketBeat reports. Eight research analysts have rated the stock with a hold recommendation and one has given 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 $55.20.
Several equities analysts recently weighed in on the stock. TheStreet upgraded shares of Stifel Financial Corporation from a “c+” rating to a “b” rating in a report on Monday, July 31st. BidaskClub upgraded shares of Stifel Financial Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Zacks Investment Research upgraded shares of Stifel Financial Corporation from a “sell” rating to a “buy” rating and set a $57.00 target price on the stock in a report on Thursday, August 3rd. JMP Securities restated a “neutral” rating on shares of Stifel Financial Corporation in a report on Friday, August 18th. Finally, Wells Fargo & Company restated a “market perform” rating and set a $50.00 target price (down previously from $54.00) on shares of Stifel Financial Corporation in a report on Monday, June 12th.
Shares of Stifel Financial Corporation (NYSE SF) traded up 0.80% during mid-day trading on Friday, hitting $45.60. The stock had a trading volume of 612,316 shares. Stifel Financial Corporation has a 12-month low of $36.71 and a 12-month high of $56.62. The stock has a market cap of $3.11 billion, a P/E ratio of 23.54 and a beta of 1.70. The company’s 50 day moving average price is $48.75 and its 200 day moving average price is $48.16.
Stifel Financial Corporation (NYSE:SF) last posted its earnings results on Monday, July 31st. The financial services provider reported $0.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.14. The business had revenue of $725.60 million for the quarter, compared to analyst estimates of $689.67 million. Stifel Financial Corporation had a net margin of 6.03% and a return on equity of 9.30%. The business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.69 EPS. Equities research analysts predict that Stifel Financial Corporation will post $3.43 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.88%. Stifel Financial Corporation’s dividend payout ratio is currently 20.73%.
In other news, Director David A. Peacock acquired 4,500 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were purchased at an average price of $50.03 per share, for a total transaction of $225,135.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Frederick O. Hanser sold 4,000 shares of the business’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $50.00, for a total transaction of $200,000.00. Following the completion of the transaction, the director now owns 33,255 shares in the company, valued at approximately $1,662,750. The disclosure for this sale can be found here. Insiders own 5.14% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its holdings in Stifel Financial Corporation by 17,220.8% in the 1st quarter. BlackRock Inc. now owns 7,133,557 shares of the financial services provider’s stock worth $358,032,000 after buying an additional 7,092,372 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Stifel Financial Corporation by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 5,439,570 shares of the financial services provider’s stock worth $250,111,000 after buying an additional 63,078 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Stifel Financial Corporation by 22.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,804,119 shares of the financial services provider’s stock worth $128,934,000 after buying an additional 519,247 shares in the last quarter. State Street Corp lifted its holdings in Stifel Financial Corporation by 5.0% in the 2nd quarter. State Street Corp now owns 2,249,727 shares of the financial services provider’s stock worth $103,438,000 after buying an additional 106,990 shares in the last quarter. Finally, Macquarie Group Ltd. lifted its holdings in Stifel Financial Corporation by 19.2% in the 2nd quarter. Macquarie Group Ltd. now owns 2,174,947 shares of the financial services provider’s stock worth $100,004,000 after buying an additional 350,536 shares in the last quarter. Hedge funds and other institutional investors own 87.11% of the company’s stock.
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Stifel Financial Corporation Company Profile
Stifel Financial Corp. is a financial holding company. Its principal subsidiary is Stifel, Nicolaus & Company, Incorporated, a retail and institutional wealth management and investment banking firm. It operates through three segments: Global Wealth Management, Institutional Group and Other. The Global Wealth Management segment consists of the Private Client Group and Stifel Bank businesses.
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