Brokerages Set Stifel Financial Corporation (NYSE:SF) PT at $91.75

Shares of Stifel Financial Corporation (NYSE:SF) have been given a consensus rating of “Moderate Buy” by the nine brokerages that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $91.75.

Several research firms recently commented on SF. UBS Group reaffirmed a “buy” rating and set a $86.00 price objective (down from $89.00) on shares of Stifel Financial in a research report on Wednesday, July 8th. Weiss Ratings restated a “buy (b-)” rating on shares of Stifel Financial in a research report on Friday, May 29th. Finally, Zacks Research raised shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th.

Stifel Financial Price Performance

Shares of Stifel Financial stock opened at $77.49 on Friday. The company’s fifty day simple moving average is $73.05 and its two-hundred day simple moving average is $76.87. Stifel Financial has a 12-month low of $67.81 and a 12-month high of $89.83. The firm has a market cap of $11.89 billion, a PE ratio of 15.08 and a beta of 1.01. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 0.29.

Stifel Financial (NYSE:SF) last posted its earnings results on Wednesday, April 22nd. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.06. Stifel Financial had a return on equity of 18.76% and a net margin of 15.34%.The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the previous year, the firm earned $0.49 earnings per share. The business’s revenue was up 17.7% compared to the same quarter last year. As a group, equities analysts expect that Stifel Financial will post 6.22 EPS for the current year.

Stifel Financial Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.36 dividend on an annualized basis and a yield of 1.8%. Stifel Financial’s dividend payout ratio (DPR) is currently 26.46%.

Institutional Investors Weigh In On Stifel Financial

Institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC grew its stake in shares of Stifel Financial by 5.8% in the 1st quarter. NewEdge Advisors LLC now owns 2,673 shares of the financial services provider’s stock valued at $252,000 after buying an additional 147 shares during the period. Jones Financial Companies Lllp raised its stake in shares of Stifel Financial by 1,162.6% in the 1st quarter. Jones Financial Companies Lllp now owns 2,702 shares of the financial services provider’s stock valued at $255,000 after acquiring an additional 2,488 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Stifel Financial by 106.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 974 shares of the financial services provider’s stock worth $101,000 after acquiring an additional 503 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Stifel Financial by 86.5% in the 2nd quarter. First Trust Advisors LP now owns 128,630 shares of the financial services provider’s stock worth $13,349,000 after acquiring an additional 59,662 shares during the last quarter. Finally, Amundi boosted its position in shares of Stifel Financial by 51.0% during the 2nd quarter. Amundi now owns 31,906 shares of the financial services provider’s stock worth $3,425,000 after purchasing an additional 10,771 shares during the period. Institutional investors and hedge funds own 82.01% of the company’s stock.

Stifel Financial Company Profile

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.