Stifel Financial Corporation (NYSE:SF) Receives $91.15 Consensus Price Target from Brokerages

Shares of Stifel Financial Corporation (NYSE:SF) have been given a consensus rating of “Moderate Buy” by the ten brokerages that are presently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $91.1481.

SF has been the topic of a number of analyst reports. TD Cowen decreased their price target 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. Weiss Ratings restated a “buy (b-)” rating on shares of Stifel Financial in a research note on Friday, May 29th. Zacks Research upgraded Stifel Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Finally, UBS Group decreased their target price on Stifel Financial from $100.00 to $89.00 and set a “buy” rating on the stock in a research report on Wednesday, April 8th.

Stifel Financial Stock Down 0.2%

Stifel Financial stock opened at $69.22 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.85 and a quick ratio of 0.80. Stifel Financial has a 1-year low of $61.88 and a 1-year high of $89.83. The company has a market cap of $10.62 billion, a PE ratio of 13.47 and a beta of 1.00. The stock’s 50 day moving average price is $75.16 and its 200 day moving average price is $79.10.

Stifel Financial (NYSE:SF) last posted its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.06. Stifel Financial had a return on equity of 18.76% and a net margin of 15.34%.The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the previous year, the business earned $0.49 earnings per share. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. On average, sell-side analysts predict that Stifel Financial will post 6.25 EPS for the current fiscal year.

Stifel Financial Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Monday, June 1st. Stifel Financial’s payout ratio is presently 26.46%.

Institutional Trading of Stifel Financial

A number of institutional investors have recently bought and sold shares of SF. NewEdge Advisors LLC boosted its position in Stifel Financial by 5.8% during 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 position 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 worth $255,000 after purchasing an additional 2,488 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Stifel Financial by 106.8% during the second quarter. EverSource Wealth Advisors LLC now owns 974 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 503 shares in the last quarter. First Trust Advisors LP boosted its position in Stifel Financial by 86.5% during the second quarter. First Trust Advisors LP now owns 128,630 shares of the financial services provider’s stock worth $13,349,000 after purchasing an additional 59,662 shares in the last quarter. Finally, Amundi boosted its position in Stifel Financial by 51.0% during the second quarter. Amundi now owns 31,906 shares of the financial services provider’s stock worth $3,425,000 after purchasing an additional 10,771 shares in the last quarter. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

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.