Stifel Financial Corporation (SF) Given Consensus Rating of “Hold” by Brokerages

Shares of Stifel Financial Corporation (NYSE:SF) have been given a consensus recommendation of “Hold” by the nine ratings firms that are currently covering the firm, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $58.67.

A number of brokerages have recently issued reports on SF. Wells Fargo & Company raised Stifel Financial from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $56.00 to $64.00 in a research report on Friday, December 1st. Nomura upped their price target on Stifel Financial from $56.00 to $58.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 31st. Finally, Zacks Investment Research raised Stifel Financial from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research report on Thursday, October 5th.

Shares of Stifel Financial (NYSE:SF) traded up $1.31 during mid-day trading on Monday, hitting $60.76. The stock had a trading volume of 510,366 shares, compared to its average volume of 425,350. The firm has a market capitalization of $4,072.42, a P/E ratio of 18.53, a PEG ratio of 1.44 and a beta of 1.70. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.61 and a current ratio of 0.67. Stifel Financial has a 1-year low of $41.93 and a 1-year high of $61.42.

Stifel Financial (NYSE:SF) last issued its quarterly earnings results on Monday, October 30th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.06. The business had revenue of $721.20 million for the quarter, compared to the consensus estimate of $701.12 million. Stifel Financial had a return on equity of 9.78% and a net margin of 7.61%. The business’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.69 earnings per share. sell-side analysts forecast that Stifel Financial will post 3.45 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend was Thursday, November 30th. Stifel Financial’s payout ratio is 15.94%.

In related news, Vice Chairman Ben A. Plotkin sold 20,000 shares of the company’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $53.70, for a total value of $1,074,000.00. Following the transaction, the insider now directly owns 96,226 shares of the company’s stock, valued at approximately $5,167,336.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Frederick O. Hanser sold 3,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $51.96, for a total value of $155,880.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 54,304 shares of company stock worth $2,869,480. 3.60% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. AXA grew its position in Stifel Financial by 11.4% during the 3rd quarter. AXA now owns 153,200 shares of the financial services provider’s stock worth $8,190,000 after purchasing an additional 15,700 shares during the period. California Public Employees Retirement System grew its position in Stifel Financial by 2.7% during the 3rd quarter. California Public Employees Retirement System now owns 171,664 shares of the financial services provider’s stock worth $9,177,000 after purchasing an additional 4,447 shares during the period. Janney Montgomery Scott LLC grew its position in Stifel Financial by 4.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 91,434 shares of the financial services provider’s stock worth $4,888,000 after purchasing an additional 3,561 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in Stifel Financial during the 3rd quarter worth about $137,000. Finally, Point72 Asset Management L.P. acquired a new stake in Stifel Financial during the 3rd quarter worth about $743,000. 88.58% of the stock is currently owned by institutional investors.

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About Stifel Financial

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.

Analyst Recommendations for Stifel Financial (NYSE:SF)

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