Stifel Financial Corporation (NYSE:SF) Receives $91.75 Average Price Target from Analysts

Stifel Financial Corporation (NYSE:SF) has earned an average recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $91.75.

Several research analysts have recently commented on SF shares. Weiss Ratings restated a “buy (b-)” rating on shares of Stifel Financial in a research report on Friday, May 29th. Zacks Research upgraded Stifel Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. TD Cowen decreased their target price on Stifel Financial from $136.00 to $92.00 and set a “hold” rating on the stock in a research note on Monday, March 23rd. Finally, UBS Group restated a “buy” rating and set a $86.00 target price (down from $89.00) on shares of Stifel Financial in a report on Wednesday, July 8th.

Stifel Financial Stock Performance

Shares of SF stock opened at $77.29 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 0.85. The firm has a market cap of $11.86 billion, a P/E ratio of 15.04 and a beta of 1.01. The firm’s 50 day moving average price is $72.94 and its 200-day moving average price is $76.97. Stifel Financial has a one year low of $67.81 and a one year high of $89.83.

Stifel Financial (NYSE:SF) last posted its earnings results on Wednesday, April 22nd. The financial services provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.06. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.51 billion. Stifel Financial had a net margin of 15.34% and a return on equity of 18.76%. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.49 EPS. As a group, equities research analysts predict 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 paid a dividend of $0.34 per share. The ex-dividend date 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 is 26.46%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wedge Capital Management L L P NC grew its holdings in shares of Stifel Financial by 13.7% in the second quarter. Wedge Capital Management L L P NC now owns 35,922 shares of the financial services provider’s stock valued at $2,506,000 after purchasing an additional 4,315 shares in the last quarter. Gradient Investments LLC lifted its holdings in Stifel Financial by 18.1% during the 2nd quarter. Gradient Investments LLC now owns 26,347 shares of the financial services provider’s stock worth $1,838,000 after buying an additional 4,043 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in Stifel Financial by 287.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 490,762 shares of the financial services provider’s stock worth $34,240,000 after buying an additional 364,013 shares in the last quarter. GAMMA Investing LLC boosted its position in Stifel Financial by 3.1% in the 2nd quarter. GAMMA Investing LLC now owns 10,492 shares of the financial services provider’s stock valued at $732,000 after buying an additional 312 shares during the period. Finally, Pacer Advisors Inc. boosted its position in Stifel Financial by 48.7% in the 1st quarter. Pacer Advisors Inc. now owns 18,109 shares of the financial services provider’s stock valued at $1,339,000 after buying an additional 5,927 shares during the period. Hedge funds and other institutional investors own 82.01% of the company’s stock.

About Stifel Financial

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.