Stifel Financial Corporation (SF) Given Consensus Rating of “Buy” by Analysts
Stifel Financial Corporation (NYSE:SF) has received a consensus recommendation of “Buy” from the nine ratings firms that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $70.00.
Several equities analysts have recently issued reports on the stock. Goldman Sachs Group raised shares of Stifel Financial from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $56.00 to $77.00 in a research note on Monday. Zacks Investment Research raised shares of Stifel Financial from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a research note on Friday, January 5th. Wells Fargo & Co lifted their price objective on shares of Stifel Financial from $64.00 to $70.00 in a research note on Thursday, January 4th. Nomura raised shares of Stifel Financial from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $58.00 to $77.00 in a research note on Wednesday, January 3rd. Finally, Instinet raised shares of Stifel Financial from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 3rd.
In other news, Vice Chairman Ben A. Plotkin sold 20,000 shares of Stifel Financial stock in a transaction that occurred on Tuesday, November 28th. The shares were 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 $5,167,336.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James M. Oates sold 1,768 shares of Stifel Financial stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $52.27, for a total transaction of $92,413.36. Following the completion of the transaction, the director now directly owns 28,640 shares in the company, valued at $1,497,012.80. 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 currently owned by insiders.
Stifel Financial (NYSE:SF) traded up $1.31 during mid-day trading on Friday, hitting $67.01. 408,700 shares of the company’s stock were exchanged, compared to its average volume of 581,775. Stifel Financial has a one year low of $41.93 and a one year high of $67.08. The company has a market cap of $4,620.00, a P/E ratio of 26.70, a price-to-earnings-growth ratio of 1.11 and a beta of 1.70. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.67 and a quick ratio of 0.61.
Stifel Financial (NYSE:SF) last released its quarterly earnings results on Monday, October 30th. The financial services provider reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.06. Stifel Financial had a net margin of 7.61% and a return on equity of 9.78%. The company had revenue of $721.20 million for the quarter, compared to the consensus estimate of $701.12 million. During the same period in the previous year, the firm earned $0.69 EPS. Stifel Financial’s revenue was up 12.3% on a year-over-year basis. sell-side analysts anticipate that Stifel Financial will post 3.44 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.60%. The ex-dividend date was Thursday, November 30th. Stifel Financial’s dividend payout ratio (DPR) is currently 15.94%.
Stifel Financial 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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