Stifel Financial Corp. (NYSE:SF) Given Consensus Recommendation of “Hold” by Brokerages

Stifel Financial Corp. (NYSE:SF) has earned an average rating of “Hold” from the eight research firms that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $105.50.

A number of analysts have recently commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of Stifel Financial from $123.00 to $100.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. JMP Securities reduced their target price on shares of Stifel Financial from $135.00 to $120.00 and set a “market outperform” rating for the company in a report on Tuesday, April 8th. TD Cowen dropped their price target on Stifel Financial from $124.00 to $84.00 and set a “hold” rating for the company in a research note on Wednesday, April 9th. Citigroup lowered their target price on Stifel Financial from $125.00 to $105.00 and set a “neutral” rating for the company in a research report on Wednesday, April 2nd. Finally, Wolfe Research upgraded Stifel Financial from a “peer perform” rating to an “outperform” rating and set a $108.00 price target on the stock in a report on Thursday, April 24th.

Insider Activity at Stifel Financial

In related news, Director Michael J. Zimmerman sold 10,000 shares of Stifel Financial stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $96.69, for a total value of $966,900.00. Following the completion of the sale, the director now directly owns 45,833 shares in the company, valued at $4,431,592.77. This trade represents a 17.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.28% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Stifel Financial

A number of institutional investors and hedge funds have recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new stake in shares of Stifel Financial during the fourth quarter worth approximately $26,000. NBC Securities Inc. acquired a new position in shares of Stifel Financial in the 1st quarter valued at $26,000. Alpine Bank Wealth Management acquired a new position in shares of Stifel Financial in the 1st quarter valued at $27,000. Allworth Financial LP lifted its stake in shares of Stifel Financial by 67.7% in the 1st quarter. Allworth Financial LP now owns 337 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 136 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of Stifel Financial by 123.6% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 183 shares during the last quarter. Institutional investors and hedge funds own 82.01% of the company’s stock.

Stifel Financial Trading Up 2.2%

SF stock opened at $97.49 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. Stifel Financial has a one year low of $73.27 and a one year high of $120.64. The company has a market capitalization of $10.01 billion, a PE ratio of 15.62 and a beta of 1.07. The company’s 50 day moving average price is $91.23 and its two-hundred day moving average price is $100.22.

Stifel Financial (NYSE:SF) last issued its earnings results on Wednesday, April 23rd. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($1.15). The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.32 billion. Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.49 EPS. As a group, analysts predict that Stifel Financial will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.84 annualized dividend and a dividend yield of 1.89%. Stifel Financial’s dividend payout ratio is currently 35.18%.

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.