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.

Institutional investors and hedge funds have recently made changes to their positions in the stock. AXA grew its position in Stifel Financial by 216.1% during the second quarter. AXA now owns 137,500 shares of the financial services provider’s stock valued at $6,322,000 after purchasing an additional 94,000 shares in the last quarter. Bank of New York Mellon Corp grew its position in Stifel Financial by 0.7% during the third quarter. Bank of New York Mellon Corp now owns 969,710 shares of the financial services provider’s stock valued at $51,841,000 after purchasing an additional 6,619 shares in the last quarter. Prudential Financial Inc. grew its position in Stifel Financial by 18.1% during the third quarter. Prudential Financial Inc. now owns 323,874 shares of the financial services provider’s stock valued at $17,314,000 after purchasing an additional 49,690 shares in the last quarter. Wesbanco Bank Inc. grew its position in Stifel Financial by 11.2% during the third quarter. Wesbanco Bank Inc. now owns 50,647 shares of the financial services provider’s stock valued at $2,708,000 after purchasing an additional 5,106 shares in the last quarter. Finally, Legal & General Group Plc grew its position in Stifel Financial by 6.8% during the third quarter. Legal & General Group Plc now owns 96,313 shares of the financial services provider’s stock valued at $5,151,000 after purchasing an additional 6,102 shares in the last quarter. 88.54% of the stock is currently owned by hedge funds and other institutional investors.

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%.

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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.

Analyst Recommendations for Stifel Financial (NYSE:SF)

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