Stifel Financial Corp (NYSE:SF) has earned a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $64.00.
Several research analysts have weighed in on the stock. Goldman Sachs Group upgraded shares of Stifel Financial from a “neutral” rating to a “buy” rating and upped their target price for the stock from $55.00 to $70.00 in a research report on Thursday, May 9th. Compass Point assumed coverage on shares of Stifel Financial in a research report on Thursday, May 30th. They set a “buy” rating and a $65.00 target price on the stock. Zacks Investment Research lowered shares of Stifel Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, August 6th. Finally, ValuEngine lowered shares of Stifel Financial from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st.
In other news, Director John P. Dubinsky sold 2,000 shares of the stock in a transaction that occurred on Wednesday, June 19th. The shares were sold at an average price of $57.25, for a total value of $114,500.00. Following the sale, the director now directly owns 28,956 shares in the company, valued at $1,657,731. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Victor Nesi sold 3,585 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $60.00, for a total transaction of $215,100.00. Following the completion of the sale, the insider now owns 181,325 shares in the company, valued at $10,879,500. The disclosure for this sale can be found here. Insiders sold 7,000 shares of company stock worth $414,670 over the last quarter. Company insiders own 3.77% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Shine Investment Advisory Services Inc. boosted its position in Stifel Financial by 50.6% during the first quarter. Shine Investment Advisory Services Inc. now owns 661 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 222 shares during the last quarter. NumerixS Investment Technologies Inc boosted its position in Stifel Financial by 75.0% during the second quarter. NumerixS Investment Technologies Inc now owns 700 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 300 shares during the last quarter. Pearl River Capital LLC acquired a new stake in Stifel Financial during the second quarter worth approximately $46,000. Stonebridge Capital Advisors LLC acquired a new stake in Stifel Financial during the second quarter worth approximately $61,000. Finally, Tower Research Capital LLC TRC boosted its position in Stifel Financial by 7,113.3% during the second quarter. Tower Research Capital LLC TRC now owns 1,082 shares of the financial services provider’s stock worth $64,000 after acquiring an additional 1,067 shares during the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.
SF traded up $0.93 on Friday, hitting $52.19. 219,900 shares of the company were exchanged, compared to its average volume of 468,594. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 0.74. The business’s fifty day moving average is $57.68 and its 200 day moving average is $56.24. Stifel Financial has a fifty-two week low of $38.39 and a fifty-two week high of $61.94. The firm has a market capitalization of $3.63 billion, a P/E ratio of 9.88, a price-to-earnings-growth ratio of 1.50 and a beta of 1.84.
Stifel Financial (NYSE:SF) last issued its earnings results on Tuesday, July 30th. The financial services provider reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.07. Stifel Financial had a net margin of 13.73% and a return on equity of 14.73%. The company had revenue of $800.80 million for the quarter, compared to analyst estimates of $780.94 million. During the same period in the prior year, the business posted $1.22 earnings per share. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. Analysts forecast that Stifel Financial will post 5.68 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.60 annualized dividend and a dividend yield of 1.15%. Stifel Financial’s dividend payout ratio is presently 11.36%.
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, rest of Europe, and Asia. The company operates through three segments: Global Wealth Management, Institutional Group, and Other.
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