Stifel Financial Corporation (NYSE:SF) Stock Has Average Price Target of $91.90

Stifel Financial Corporation (NYSE:SF) has been given an average recommendation of “Moderate Buy” by the eight ratings firms that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $93.78.

A number of research analysts have weighed in on SF shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stifel Financial in a research note on Wednesday, August 26th. UBS Group set a $90.00 price target on shares of Stifel Financial in a report on Thursday, July 23rd. Wall Street Zen lowered shares of Stifel Financial from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Stifel Financial from $80.00 to $86.00 and gave the company a “neutral” rating in a research report on Thursday, July 23rd.

Stifel Financial Trading Down 0.0%

NYSE SF opened at $70.26 on Wednesday. The firm has a market cap of $10.61 billion, a P/E ratio of 12.58 and a beta of 1.01. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.88 and a quick ratio of 0.83. The stock’s 50-day moving average is $79.44 and its 200-day moving average is $76.22. Stifel Financial has a one year low of $67.81 and a one year high of $89.83.

Stifel Financial (NYSE:SF) last released its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.09. Stifel Financial had a return on equity of 19.22% and a net margin of 16.11%.The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the previous year, the business posted $1.71 EPS. Stifel Financial’s revenue for the quarter was up 13.0% on a year-over-year basis. Sell-side analysts anticipate that Stifel Financial will post 6.36 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a $0.34 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $1.36 annualized dividend and a dividend yield of 1.9%. Stifel Financial’s dividend payout ratio (DPR) is currently 24.33%.

Insider Activity at Stifel Financial

In other news, Director Maryam Brown sold 4,700 shares of the business’s stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $79.20, for a total value of $372,240.00. Following the sale, the director directly owned 5,729 shares in the company, valued at $453,736.80. The trade was a 45.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 3.36% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. BlackRock Inc. acquired a new position in Stifel Financial during the 2nd quarter worth approximately $1,031,197,000. Geode Capital Management LLC raised its holdings in shares of Stifel Financial by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 1,844,635 shares of the financial services provider’s stock valued at $231,034,000 after purchasing an additional 17,008 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Stifel Financial by 51.6% in the first quarter. Dimensional Fund Advisors LP now owns 2,616,616 shares of the financial services provider’s stock valued at $193,403,000 after purchasing an additional 890,810 shares during the last quarter. Norges Bank bought a new stake in shares of Stifel Financial in the fourth quarter worth $172,446,000. Finally, Bank of America Corp DE lifted its position in shares of Stifel Financial by 58.7% in the first quarter. Bank of America Corp DE now owns 1,875,501 shares of the financial services provider’s stock worth $138,637,000 after purchasing an additional 693,437 shares in the last quarter. 82.01% of the stock is currently owned by institutional investors.

Stifel Financial Company Profile

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company provides wealth management, investment banking, institutional brokerage, equity and fixed-income research, securities trading, and asset management services.

Its wealth management business serves individual investors, families, businesses, and institutions through financial planning, investment advisory, brokerage, banking, and related services.