Stifel Financial Corp (NYSE:SF) has been assigned a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $61.67.
Several brokerages have recently weighed in on SF. Wolfe Research upgraded Stifel Financial from a “market perform” rating to an “outperform” rating in a research note on Friday, November 2nd. Stifel Nicolaus upgraded Stifel Financial to an “outperform” rating in a research note on Wednesday, October 3rd. ValuEngine cut shares of Stifel Financial from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 2nd. Wells Fargo & Co reduced their price target on shares of Stifel Financial from $61.00 to $49.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 31st. Finally, Zacks Investment Research raised shares of Stifel Financial from a “sell” rating to a “hold” rating in a research report on Thursday, November 15th.
Shares of NYSE SF opened at $45.94 on Monday. Stifel Financial has a 12-month low of $42.51 and a 12-month high of $68.76. The firm has a market capitalization of $3.31 billion, a P/E ratio of 11.51, a P/E/G ratio of 1.10 and a beta of 1.86. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.72 and a quick ratio of 0.66.
Stifel Financial (NYSE:SF) last announced its quarterly earnings results on Tuesday, October 30th. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.01. The firm had revenue of $738.34 million during the quarter, compared to the consensus estimate of $764.90 million. Stifel Financial had a return on equity of 14.99% and a net margin of 9.16%. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.89 EPS. On average, analysts forecast that Stifel Financial will post 5.2 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, November 30th. This represents a $0.48 annualized dividend and a dividend yield of 1.04%. Stifel Financial’s payout ratio is 12.03%.
In other Stifel Financial news, Director Frederick O. Hanser sold 10,000 shares of the firm’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $54.42, for a total value of $544,200.00. Following the transaction, the director now owns 40,905 shares of the company’s stock, valued at $2,226,050.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James M. Zemlyak bought 3,565 shares of the business’s stock in a transaction on Thursday, November 1st. The stock was acquired at an average cost of $46.99 per share, for a total transaction of $167,519.35. Following the acquisition, the insider now directly owns 835,485 shares of the company’s stock, valued at $39,259,440.15. The disclosure for this purchase can be found here. Company insiders own 3.86% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Stratos Wealth Partners LTD. bought a new position in Stifel Financial in the third quarter worth about $133,000. First Republic Investment Management Inc. acquired a new stake in Stifel Financial in the second quarter valued at $220,000. Point72 Hong Kong Ltd acquired a new stake in Stifel Financial in the second quarter valued at $225,000. MML Investors Services LLC acquired a new stake in Stifel Financial in the third quarter valued at $241,000. Finally, Gator Capital Management LLC acquired a new stake in Stifel Financial in the second quarter valued at $251,000. 85.75% of the stock is currently owned by hedge funds and other institutional investors.
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, the United Kingdom, and rest of Europe. The company operates through three segments: Global Wealth Management, Institutional Group, and Other.
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