Analysts Set Stifel Financial Corporation (NYSE:SF) Target Price at $90.13

Shares of Stifel Financial Corporation (NYSE:SF) have received an average recommendation of “Moderate Buy” from the eleven research firms that are covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $90.1333.

A number of research analysts have recently commented on the company. Zacks Research lowered Stifel Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. TD Cowen reissued a “hold” rating on shares of Stifel Financial in a research report on Thursday, January 29th. Citizens Jmp raised their price objective on Stifel Financial from $93.33 to $103.33 and gave the stock a “market outperform” rating in a research report on Monday, January 12th. Wolfe Research reissued an “outperform” rating and set a $99.33 price objective on shares of Stifel Financial in a report on Wednesday, January 7th. Finally, Stifel Nicolaus set a $92.00 price objective on Stifel Financial in a research report on Wednesday, January 14th.

Insider Transactions at Stifel Financial

In other news, insider David Rubulotta sold 600 shares of the stock in a transaction 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 completion of the transaction, the insider owned 1,488 shares in the company, valued at approximately $123,315.52. This represents a 28.74% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.28% of the stock is owned by company insiders.

Institutional Trading of Stifel Financial

Several institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC raised its position in Stifel Financial by 5.8% in the first quarter. NewEdge Advisors LLC now owns 2,673 shares of the financial services provider’s stock worth $252,000 after purchasing an additional 147 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Stifel Financial by 1,162.6% during the first quarter. Jones Financial Companies Lllp now owns 2,702 shares of the financial services provider’s stock valued at $255,000 after purchasing an additional 2,488 shares in the last quarter. ProShare Advisors LLC boosted its holdings in Stifel Financial by 4.6% during the second quarter. ProShare Advisors LLC now owns 4,555 shares of the financial services provider’s stock valued at $473,000 after purchasing an additional 202 shares in the last quarter. Allworth Financial LP grew its stake in shares of Stifel Financial by 43.6% in the 2nd quarter. Allworth Financial LP now owns 484 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 147 shares during the period. Finally, Boston Partners raised its holdings in shares of Stifel Financial by 2,727.0% in the 2nd quarter. Boston Partners now owns 2,326,249 shares of the financial services provider’s stock worth $241,468,000 after buying an additional 2,243,961 shares in the last quarter. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Stifel Financial Trading Down 0.6%

Shares of SF stock opened at $69.83 on Friday. The business’s 50 day moving average is $80.94 and its two-hundred day moving average is $79.82. 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 has a 12 month low of $48.85 and a 12 month high of $89.83. The company has a market cap of $10.81 billion, a PE ratio of 17.81 and a beta of 1.13.

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

Stifel Financial Increases Dividend

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

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.