Stifel Financial (NYSE:SF) Upgraded at Citigroup

Citigroup upgraded shares of Stifel Financial (NYSE:SF) from a neutral rating to a buy rating in a research note released on Thursday, MarketBeat.com reports. The brokerage currently has $135.00 price target on the financial services provider’s stock, up from their prior price target of $115.00.

Several other research firms also recently weighed in on SF. JPMorgan Chase & Co. reduced their price target on shares of Stifel Financial from $123.00 to $100.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. The Goldman Sachs Group cut their price objective on Stifel Financial from $121.00 to $105.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. Wells Fargo & Company increased their target price on Stifel Financial from $102.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, July 11th. TD Cowen lowered their price target on Stifel Financial from $124.00 to $84.00 and set a “hold” rating on the stock in a research note on Wednesday, April 9th. Finally, Wolfe Research upgraded Stifel Financial from a “peer perform” rating to an “outperform” rating and set a $108.00 price target for the company in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $115.78.

Stifel Financial Stock Down 2.7%

Stifel Financial stock opened at $111.04 on Thursday. The business’s 50-day moving average price is $103.15 and its 200 day moving average price is $99.90. The company has a quick ratio of 0.77, a current ratio of 0.81 and a debt-to-equity ratio of 0.28. The firm has a market cap of $11.41 billion, a price-to-earnings ratio of 21.52 and a beta of 1.11. Stifel Financial has a 52 week low of $73.27 and a 52 week high of $120.64.

Stifel Financial (NYSE:SF) last announced its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.06. Stifel Financial had a net margin of 11.90% and a return on equity of 13.93%. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the prior year, the firm posted $1.60 earnings per share. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Stifel Financial will post 8.26 earnings per share for the current year.

Stifel Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $0.46 dividend. The ex-dividend date was Monday, June 2nd. This represents a $1.84 annualized dividend and a dividend yield of 1.7%. Stifel Financial’s payout ratio is 35.66%.

Insider Activity

In other news, Director Michael J. Zimmerman sold 10,000 shares of Stifel Financial stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $96.69, for a total value of $966,900.00. Following the completion of the transaction, the director owned 45,833 shares in the company, valued at approximately $4,431,592.77. This trade represents a 17.91% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 3.28% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Winebrenner Capital Management LLC acquired a new stake in Stifel Financial during the 2nd quarter worth $212,000. Peregrine Capital Management LLC grew its holdings in shares of Stifel Financial by 1.7% during the second quarter. Peregrine Capital Management LLC now owns 157,218 shares of the financial services provider’s stock worth $16,316,000 after purchasing an additional 2,565 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Stifel Financial by 2.7% during the second quarter. Nisa Investment Advisors LLC now owns 4,085 shares of the financial services provider’s stock worth $424,000 after purchasing an additional 108 shares in the last quarter. Tributary Capital Management LLC lifted its holdings in shares of Stifel Financial by 3.7% in the 2nd quarter. Tributary Capital Management LLC now owns 18,596 shares of the financial services provider’s stock valued at $1,930,000 after purchasing an additional 669 shares during the last quarter. Finally, Rehmann Capital Advisory Group lifted its holdings in shares of Stifel Financial by 14.0% in the 2nd quarter. Rehmann Capital Advisory Group now owns 4,437 shares of the financial services provider’s stock valued at $461,000 after purchasing an additional 544 shares during the last quarter. 82.01% of the stock is owned by institutional investors and hedge funds.

About Stifel Financial

Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.