Stifel Financial Corporation (SF) Given Average Rating of “Hold” by Analysts
Shares of Stifel Financial Corporation (NYSE:SF) have been assigned an average recommendation of “Hold” from the ten analysts that are covering the stock, MarketBeat.com reports. Nine investment analysts have rated the stock with a hold recommendation. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $54.75.
Several equities analysts recently issued reports on SF shares. Zacks Investment Research upgraded Stifel Financial Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, June 7th. Wells Fargo & Company reiterated a “market perform” rating and set a $50.00 target price (down previously from $54.00) on shares of Stifel Financial Corporation in a research note on Monday, June 12th. BidaskClub upgraded shares of Stifel Financial Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. TheStreet raised shares of Stifel Financial Corporation from a “c+” rating to a “b” rating in a report on Monday, July 31st. Finally, JMP Securities reissued a “neutral” rating on shares of Stifel Financial Corporation in a report on Friday, August 18th.
In other Stifel Financial Corporation news, Director Frederick O. Hanser sold 4,000 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $50.00, for a total value of $200,000.00. Following the sale, the director now directly owns 33,255 shares in the company, valued at $1,662,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David A. Peacock bought 4,500 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was bought at an average price of $50.03 per share, for a total transaction of $225,135.00. The disclosure for this purchase can be found here. 3.60% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in SF. BlackRock Inc. raised its holdings in shares of Stifel Financial Corporation by 17,220.8% during the first quarter. BlackRock Inc. now owns 7,133,557 shares of the financial services provider’s stock valued at $358,032,000 after buying an additional 7,092,372 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Stifel Financial Corporation by 22.7% during the second 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 during the period. Vanguard Group Inc. boosted its position in shares of Stifel Financial Corporation by 7.9% during the first quarter. Vanguard Group Inc. now owns 5,376,492 shares of the financial services provider’s stock worth $269,846,000 after buying an additional 392,199 shares during the period. Macquarie Group Ltd. boosted its position in shares of Stifel Financial Corporation by 19.2% during the second 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 during the period. Finally, Balyasny Asset Management LLC boosted its position in shares of Stifel Financial Corporation by 269.1% during the second quarter. Balyasny Asset Management LLC now owns 351,021 shares of the financial services provider’s stock worth $16,140,000 after buying an additional 255,913 shares during the period. 86.93% of the stock is owned by institutional investors.
Stifel Financial Corporation (SF) traded down 1.68% during midday trading on Wednesday, hitting $53.41. The stock had a trading volume of 337,607 shares. The company has a market cap of $3.65 billion, a price-to-earnings ratio of 27.57 and a beta of 1.73. The company has a 50-day moving average price of $49.12 and a 200-day moving average price of $47.67. Stifel Financial Corporation has a 12-month low of $36.71 and a 12-month high of $56.62.
Stifel Financial Corporation (NYSE:SF) last issued its earnings results on Monday, July 31st. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.14. Stifel Financial Corporation had a net margin of 6.03% and a return on equity of 9.30%. The business had revenue of $725.60 million for the quarter, compared to analyst estimates of $689.67 million. During the same quarter in the prior year, the business posted $0.69 EPS. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. Equities analysts anticipate that Stifel Financial Corporation will post $3.46 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Wednesday, August 30th. Stifel Financial Corporation’s dividend payout ratio (DPR) is 20.73%.
About Stifel Financial Corporation
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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