Zacks Investment Research upgraded shares of Stifel (NYSE:SF) from a hold rating to a buy rating in a research report sent to investors on Wednesday, March 14th. The brokerage currently has $76.00 price target on the financial services provider’s stock.
According to Zacks, “Stifel Financial Corp. is a holding company for Stifel Nicolaus & Company, Incorporated. “
A number of other equities research analysts also recently issued reports on SF. Goldman Sachs raised Stifel from a neutral rating to a buy rating and increased their price target for the stock from $56.00 to $77.00 in a research report on Monday, January 8th. Wells Fargo increased their price target on Stifel from $64.00 to $70.00 in a research report on Thursday, January 4th. ValuEngine raised Stifel from a hold rating to a buy rating in a research report on Wednesday, March 7th. Nomura raised Stifel from a neutral rating to a buy rating and increased their price target for the stock from $58.00 to $77.00 in a research report on Wednesday, January 3rd. Finally, Instinet raised Stifel from a neutral rating to a buy rating in a research report on Wednesday, January 3rd. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of Buy and an average price target of $71.20.
Shares of Stifel stock traded down $1.66 on Wednesday, hitting $56.42. The stock had a trading volume of 462,729 shares, compared to its average volume of 463,841. Stifel has a twelve month low of $41.93 and a twelve month high of $68.76. The company has a current ratio of 0.69, a quick ratio of 0.62 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $4,173.10, a price-to-earnings ratio of 14.14, a PEG ratio of 0.97 and a beta of 1.72.
Stifel (NYSE:SF) last posted its earnings results on Tuesday, January 30th. The financial services provider reported $1.47 EPS for the quarter, beating the consensus estimate of $0.92 by $0.55. Stifel had a return on equity of 12.04% and a net margin of 6.25%. The company had revenue of $804.10 million for the quarter, compared to the consensus estimate of $745.44 million. During the same quarter in the prior year, the business earned $0.68 earnings per share. The firm’s revenue for the quarter was up 21.6% on a year-over-year basis. equities research analysts predict that Stifel will post 5 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date was Wednesday, February 28th. This is an increase from Stifel’s previous quarterly dividend of $0.10. Stifel’s dividend payout ratio (DPR) is currently 12.03%.
In other Stifel news, Vice Chairman Ben A. Plotkin sold 9,012 shares of the firm’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $63.30, for a total value of $570,459.60. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 3.60% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio lifted its stake in shares of Stifel by 5.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,379 shares of the financial services provider’s stock valued at $109,000 after acquiring an additional 113 shares during the last quarter. Rothschild Asset Management Inc. lifted its stake in shares of Stifel by 0.5% in the 3rd quarter. Rothschild Asset Management Inc. now owns 210,395 shares of the financial services provider’s stock valued at $11,248,000 after acquiring an additional 1,065 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Stifel by 11.7% in the 3rd quarter. Pacer Advisors Inc. now owns 10,262 shares of the financial services provider’s stock valued at $549,000 after acquiring an additional 1,075 shares during the last quarter. Advisor Group Inc. lifted its stake in shares of Stifel by 19.3% in the 4th quarter. Advisor Group Inc. now owns 7,198 shares of the financial services provider’s stock valued at $429,000 after acquiring an additional 1,164 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Stifel by 47.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,796 shares of the financial services provider’s stock valued at $226,000 after acquiring an additional 1,226 shares during the last quarter. Institutional investors own 86.00% of the company’s stock.
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Stifel Financial Corp. is a financial holding company. Its principal subsidiary is Stifel, Nicolaus & Company, Incorporated, a retail and institutional wealth management and investment banking firm. It operates through three segments: Global Wealth Management, Institutional Group and Other. The Global Wealth Management segment consists of the Private Client Group and Stifel Bank businesses.
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