Stifel Financial Corporation (NYSE:SF) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Stifel Financial Corporation (NYSE:SF) have received a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $115.7778.

Several equities research analysts have recently issued reports on SF shares. Citigroup upgraded Stifel Financial from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $115.00 to $135.00 in a report on Thursday, July 31st. Wall Street Zen raised Stifel Financial from a “sell” rating to a “hold” rating in a research report on Sunday, August 3rd. Stifel Nicolaus set a $135.00 price objective on Stifel Financial in a report on Thursday, July 31st. JMP Securities upped their target price on Stifel Financial from $120.00 to $130.00 and gave the company a “market outperform” rating in a report on Monday, July 14th. Finally, Wells Fargo & Company boosted their price objective on Stifel Financial from $102.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, July 11th.

Stifel Financial Price Performance

SF stock opened at $115.31 on Tuesday. Stifel Financial has a 12-month low of $73.27 and a 12-month high of $120.64. The company has a market capitalization of $11.78 billion, a PE ratio of 22.35 and a beta of 1.11. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 0.28. The business’s fifty day moving average price is $108.83 and its 200 day moving average price is $99.63.

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

Stifel Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be issued a $0.46 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $1.84 annualized dividend and a dividend yield of 1.6%. Stifel Financial’s dividend payout ratio is currently 35.66%.

Insider Transactions at Stifel Financial

In other Stifel Financial news, Director Michael J. Zimmerman sold 10,000 shares of the business’s stock in a transaction on Friday, June 6th. The shares were sold at an average price of $96.69, for a total transaction of $966,900.00. Following the sale, the director directly owned 45,833 shares of the company’s stock, valued at $4,431,592.77. The trade was a 17.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders have acquired 7 shares of company stock worth $781. 4.57% of the stock is owned by insiders.

Institutional Investors Weigh In On Stifel Financial

Several hedge funds have recently made changes to their positions in SF. Bank of New Hampshire increased its holdings in shares of Stifel Financial by 1.0% during the second quarter. Bank of New Hampshire now owns 9,639 shares of the financial services provider’s stock worth $1,000,000 after buying an additional 100 shares in the last quarter. Securian Asset Management Inc. boosted its position in shares of Stifel Financial by 1.3% during the second quarter. Securian Asset Management Inc. now owns 7,837 shares of the financial services provider’s stock worth $813,000 after purchasing an additional 100 shares in the last quarter. Nisa Investment Advisors LLC boosted 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. Journey Strategic Wealth LLC boosted its position in shares of Stifel Financial by 4.2% during the first quarter. Journey Strategic Wealth LLC now owns 2,907 shares of the financial services provider’s stock worth $274,000 after purchasing an additional 117 shares in the last quarter. Finally, Stratos Wealth Partners LTD. lifted its position in Stifel Financial by 3.0% in the 1st quarter. Stratos Wealth Partners LTD. now owns 4,328 shares of the financial services provider’s stock valued at $408,000 after acquiring an additional 127 shares in the last quarter. Institutional investors own 82.01% of the company’s stock.

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.