Analysts Set Stifel Financial Corporation (NYSE:SF) PT at $91.90

Shares of Stifel Financial Corporation (NYSE:SF) have been assigned an average recommendation of “Moderate Buy” from the nine research firms that are covering the firm, Marketbeat Ratings reports. Four investment 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 analysts that have updated their coverage on the stock in the last year is $91.9048.

A number of research firms recently commented on SF. UBS Group set a $90.00 target price on Stifel Financial in a research note on Thursday, July 23rd. Wall Street Zen lowered Stifel Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. Zacks Research upgraded Stifel Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Stifel Financial in a research report on Friday, May 29th. Finally, JPMorgan Chase & Co. raised their price objective on Stifel Financial from $80.00 to $86.00 and gave the company a “neutral” rating in a report on Thursday, July 23rd.

Stifel Financial Trading Down 0.0%

Shares of Stifel Financial stock opened at $85.66 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.88 and a quick ratio of 0.83. Stifel Financial has a 1 year low of $67.81 and a 1 year high of $89.83. The firm has a market cap of $12.94 billion, a PE ratio of 15.33 and a beta of 0.99. The company has a 50 day simple moving average of $77.09 and a two-hundred day simple moving average of $76.53.

Stifel Financial (NYSE:SF) last posted 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 net margin of 16.11% and a return on equity of 19.22%. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter last year, the company posted $1.71 EPS. The business’s quarterly revenue was up 13.0% on a year-over-year basis. Analysts expect that Stifel Financial will post 6.36 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 1st. Stifel Financial’s payout ratio is 24.33%.

Insiders Place Their Bets

In related news, Director Maryam S. Brown sold 4,700 shares of the company’s stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $79.20, for a total transaction of $372,240.00. Following the completion of the sale, the director directly owned 5,729 shares in the company, valued at $453,736.80. This represents a 45.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 3.36% of the company’s stock.

Institutional Trading of Stifel Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC boosted its position in Stifel Financial by 5.8% during the 1st quarter. NewEdge Advisors LLC now owns 2,673 shares of the financial services provider’s stock valued at $252,000 after acquiring an additional 147 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of Stifel Financial by 1,162.6% in the 1st quarter. Jones Financial Companies Lllp now owns 2,702 shares of the financial services provider’s stock worth $255,000 after acquiring an additional 2,488 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Stifel Financial by 106.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 974 shares of the financial services provider’s stock worth $101,000 after acquiring an additional 503 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of Stifel Financial by 86.5% in the 2nd quarter. First Trust Advisors LP now owns 128,630 shares of the financial services provider’s stock valued at $13,349,000 after purchasing an additional 59,662 shares during the period. Finally, Amundi lifted its stake in shares of Stifel Financial by 51.0% in the 2nd quarter. Amundi now owns 31,906 shares of the financial services provider’s stock valued at $3,425,000 after purchasing an additional 10,771 shares during the period. Hedge funds and other institutional investors own 82.01% of the company’s stock.

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.