Shares of Stifel Financial Corp (NYSE:SF) have been given a consensus rating of “Buy” by the eight research firms that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $52.33.
A number of research firms recently weighed in on SF. Zacks Investment Research upgraded shares of Stifel Financial from a “sell” rating to a “buy” rating and set a $57.00 price objective on the stock in a research report on Wednesday, February 6th. ValuEngine raised Stifel Financial from a “sell” rating to a “hold” rating in a report on Friday, March 1st. TheStreet downgraded Stifel Financial from a “b-” rating to a “c+” rating in a report on Monday, December 24th. Finally, Wells Fargo & Co reissued a “market perform” rating and issued a $44.00 target price (down previously from $49.00) on shares of Stifel Financial in a report on Wednesday, December 19th.
In other news, insider Victor Nesi sold 2,500 shares of Stifel Financial stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $55.03, for a total transaction of $137,575.00. Following the completion of the transaction, the insider now owns 186,160 shares of the company’s stock, valued at approximately $10,244,384.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director David A. Peacock purchased 2,000 shares of the business’s stock in a transaction dated Tuesday, February 12th. The shares were purchased at an average cost of $53.14 per share, with a total value of $106,280.00. The disclosure for this purchase can be found here. 3.86% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in SF. Bank of New York Mellon Corp raised its stake in shares of Stifel Financial by 0.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,218,612 shares of the financial services provider’s stock worth $63,673,000 after buying an additional 6,065 shares during the last quarter. First Trust Advisors LP raised its stake in Stifel Financial by 144.8% in the 3rd quarter. First Trust Advisors LP now owns 30,927 shares of the financial services provider’s stock valued at $1,585,000 after purchasing an additional 18,294 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in Stifel Financial by 16.1% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 38,660 shares of the financial services provider’s stock valued at $1,982,000 after purchasing an additional 5,358 shares during the last quarter. Stratos Wealth Partners LTD. acquired a new position in Stifel Financial in the 3rd quarter valued at about $133,000. Finally, Wells Fargo & Company MN raised its stake in Stifel Financial by 1.0% in the 3rd quarter. Wells Fargo & Company MN now owns 881,974 shares of the financial services provider’s stock valued at $45,209,000 after purchasing an additional 8,769 shares during the last quarter. 85.14% of the stock is owned by institutional investors and hedge funds.
NYSE:SF traded down $0.51 during midday trading on Wednesday, reaching $54.46. The stock had a trading volume of 5,416 shares, compared to its average volume of 389,986. Stifel Financial has a 12-month low of $38.39 and a 12-month high of $64.60. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.75 and a quick ratio of 0.68. The firm has a market cap of $3.95 billion, a price-to-earnings ratio of 10.31, a price-to-earnings-growth ratio of 1.31 and a beta of 1.86.
Stifel Financial (NYSE:SF) last posted its quarterly earnings data on Friday, February 1st. The financial services provider reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.09. Stifel Financial had a net margin of 13.02% and a return on equity of 14.85%. The firm had revenue of $793.50 million for the quarter, compared to analyst estimates of $765.48 million. During the same period last year, the firm posted $1.47 EPS. Stifel Financial’s quarterly revenue was down 1.3% on a year-over-year basis. As a group, analysts expect that Stifel Financial will post 5.4 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $0.15 dividend. The ex-dividend date was Thursday, February 28th. This represents a $0.60 dividend on an annualized basis and a yield of 1.10%. This is an increase from Stifel Financial’s previous quarterly dividend of $0.12. Stifel Financial’s dividend payout ratio (DPR) is 11.36%.
Stifel Financial Company Profile
Stifel Financial Corp. provides securities brokerage, investment banking, trading, investment advisory and related financial services. It operates through the following segments: Global Wealth Management, Institutional Group and Other. The Global Wealth Management segment provides securities transaction, brokerage and investment services to clients.
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