Stifel Financial (NYSE:SF) Given “Market Outperform” Rating at JMP Securities

JMP Securities reaffirmed their market outperform rating on shares of Stifel Financial (NYSE:SF – Get Rating) in a research report released on Monday morning, Benzinga reports. They currently have a $95.00 target price on the financial services provider’s stock.

Other research analysts have also issued reports about the company. UBS Group initiated coverage on Stifel Financial in a report on Tuesday, November 22nd. They issued a neutral rating on the stock. StockNews.com raised shares of Stifel Financial from a hold rating to a buy rating in a research report on Friday, February 24th.

Stifel Financial Price Performance

Shares of SF opened at $55.11 on Monday. The firm has a market capitalization of $5.88 billion, a PE ratio of 10.36 and a beta of 1.29. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.82 and a quick ratio of 0.80. The company’s 50-day moving average is $64.58 and its 200-day moving average is $60.98. Stifel Financial has a fifty-two week low of $49.31 and a fifty-two week high of $72.61.

Stifel Financial (NYSE:SF – Get Rating) last released its quarterly earnings results on Wednesday, January 25th. The financial services provider reported $1.58 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($0.06). Stifel Financial had a net margin of 15.08% and a return on equity of 15.84%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the company earned $2.23 earnings per share. The firm’s revenue was down 14.0% compared to the same quarter last year.

Stifel Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 1st will be issued a $0.36 dividend. The ex-dividend date is Tuesday, February 28th. This is a boost from Stifel Financial’s previous quarterly dividend of $0.30. This represents a $1.44 annualized dividend and a yield of 2.61%. Stifel Financial’s payout ratio is currently 27.07%.

Insider Transactions at Stifel Financial

In other news, CEO Ronald J. Kruszewski acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 10th. The stock was acquired at an average price of $59.00 per share, with a total value of $590,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,374,826 shares of the company’s stock, valued at approximately $81,114,734. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Stifel Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Securian Asset Management Inc. increased its position in Stifel Financial by 1.6% during the 4th quarter. Securian Asset Management Inc. now owns 9,766 shares of the financial services provider’s stock worth $570,000 after purchasing an additional 150 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Stifel Financial by 5.3% during the fourth quarter. Van ECK Associates Corp now owns 3,238 shares of the financial services provider’s stock worth $189,000 after buying an additional 164 shares in the last quarter. Brown Advisory Inc. lifted its stake in shares of Stifel Financial by 1.4% in the 3rd quarter. Brown Advisory Inc. now owns 12,734 shares of the financial services provider’s stock valued at $661,000 after acquiring an additional 180 shares during the last quarter. First National Bank of Omaha boosted its holdings in shares of Stifel Financial by 0.5% during the 2nd quarter. First National Bank of Omaha now owns 39,660 shares of the financial services provider’s stock valued at $2,221,000 after acquiring an additional 194 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in Stifel Financial by 0.6% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 34,800 shares of the financial services provider’s stock worth $1,949,000 after acquiring an additional 207 shares during the last quarter. 83.02% of the stock is currently owned by institutional investors.

Stifel Financial Company Profile

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Stifel Financial Corp. provides securities brokerage, investment banking, trading, investment advisory, and related financial services. It operates through the following segments: Global Wealth Management, Institutional Group, and Other. The Global Wealth Management segment provides securities transaction, brokerage, and investment services to clients.