Stifel Financial Corporation (NYSE:SF) Receives Average Recommendation of “Moderate Buy” from Brokerages

Stifel Financial Corporation (NYSE:SF) has earned an average rating of “Moderate Buy” from the eleven research firms that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $90.1333.

Several analysts have issued reports on the stock. Citizens Jmp increased their target price on shares of Stifel Financial from $93.33 to $103.33 and gave the stock a “market outperform” rating in a research note on Monday, January 12th. JPMorgan Chase & Co. upped their price target on shares of Stifel Financial from $88.67 to $90.67 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Stifel Nicolaus set a $92.00 price objective on Stifel Financial in a research report on Wednesday, January 14th. TD Cowen reissued a “hold” rating on shares of Stifel Financial in a research note on Thursday, January 29th. Finally, Zacks Research cut Stifel Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th.

Insider Activity at Stifel Financial

In related news, insider David Rubulotta sold 600 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $82.87, for a total value of $49,724.00. Following the transaction, the insider directly owned 1,488 shares in the company, valued at approximately $123,315.52. This represents a 28.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.28% of the company’s stock.

Hedge Funds Weigh In On Stifel Financial

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisory Services Network LLC purchased a new stake in shares of Stifel Financial during the 3rd quarter valued at $29,000. Activest Wealth Management grew its position in Stifel Financial by 12,000.0% in the fourth quarter. Activest Wealth Management now owns 242 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 240 shares in the last quarter. Pinnacle Holdings LLC bought a new position in Stifel Financial in the third quarter valued at $32,000. SJS Investment Consulting Inc. increased its stake in Stifel Financial by 2,383.3% in the third quarter. SJS Investment Consulting Inc. now owns 298 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 286 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Stifel Financial during the fourth quarter valued at about $34,000. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Stifel Financial Stock Down 1.4%

SF stock opened at $70.15 on Friday. The stock has a 50-day simple moving average of $80.24 and a two-hundred day simple moving average of $79.71. Stifel Financial has a twelve month low of $48.85 and a twelve month high of $89.83. The firm has a market capitalization of $10.86 billion, a PE ratio of 17.90 and a beta of 1.13. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 0.25.

Stifel Financial (NYSE:SF) last released its quarterly earnings data on Wednesday, January 28th. The financial services provider reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.10. The company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.50 billion. Stifel Financial had a net margin of 12.37% and a return on equity of 15.53%. Stifel Financial’s revenue was up 14.4% compared to the same quarter last year. During the same period last year, the business earned $1.49 earnings per share. On average, equities analysts predict that Stifel Financial will post 8.26 EPS for the current fiscal year.

Stifel Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were given a dividend of $0.51 per share. This is a boost from Stifel Financial’s previous quarterly dividend of $0.46. The ex-dividend date was Monday, March 2nd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.9%. Stifel Financial’s dividend payout ratio is 34.69%.

About Stifel Financial

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full‐service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research‐driven insights.

The firm’s main business activities are organized into two core segments: Private Client Group and Institutional Group.