Stifel Financial Corporation (NYSE:SF) Stock Has Average Price Target of $91.90 According to Brokerages

Key Points

• Analyst sentiment is moderately positive: Nine brokerages rate Stifel Financial a consensus “Moderate Buy,” with five buy ratings and four holds. The average 12-month price target is $91.90, above the reported share price of $69.62.
• Stifel Financial exceeded quarterly expectations, reporting $1.42 in EPS versus the $1.33 consensus and $1.45 billion in revenue, up 13% year over year. Analysts expect full-year EPS of approximately $6.36.
• The company maintains a quarterly dividend of $0.34 per share, equivalent to a 2.0% yield and a 24.33% payout ratio; institutional investors own 82.01% of outstanding shares.

Stifel Financial Corporation (NYSE:SF - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the nine brokerages that are covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $91.90.

A number of equities research analysts recently weighed in on SF shares. UBS Group set a $90.00 price target on shares of Stifel Financial in a report on Thursday, July 23rd. Wall Street Zen lowered shares of Stifel Financial from a "buy" rating to a "hold" rating in a report on Sunday, August 9th. Weiss Ratings reissued a "buy (b-)" rating on shares of Stifel Financial in a research report on Wednesday, August 26th. Finally, JPMorgan Chase & Co. raised their price objective on Stifel Financial from $80.00 to $86.00 and gave the company a "neutral" rating in a research note on Thursday, July 23rd.

Stifel Financial Stock Down 1.1%

NYSE SF opened at $69.62 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 0.88 and a debt-to-equity ratio of 0.33. Stifel Financial has a fifty-two week low of $67.81 and a fifty-two week high of $89.83. The business has a 50 day moving average price of $80.02 and a two-hundred day moving average price of $76.22. The stock has a market cap of $10.51 billion, a PE ratio of 12.46 and a beta of 0.98.

Stifel Financial (NYSE:SF - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.33 by $0.09. Stifel Financial had a net margin of 16.11% and a return on equity of 19.22%. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the firm posted $1.71 earnings per share. The business's quarterly revenue was up 13.0% on a year-over-year basis. As a group, sell-side analysts predict that Stifel Financial will post 6.36 EPS for the current fiscal year.

Stifel Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $1.36 annualized dividend and a dividend yield of 2.0%. Stifel Financial's dividend payout ratio (DPR) is presently 24.33%.

Insider Activity at Stifel Financial

In related news, Director Maryam Brown sold 4,700 shares of Stifel Financial stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $79.20, for a total value of $372,240.00. Following the completion of the transaction, the director directly owned 5,729 shares in the company, valued at approximately $453,736.80. This trade represents a 45.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.36% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Requisite Capital Management LLC bought a new position in Stifel Financial in the second quarter worth about $5,520,000. Fifth Third Bancorp grew its holdings in shares of Stifel Financial by 430.4% during the first quarter. Fifth Third Bancorp now owns 73,993 shares of the financial services provider's stock valued at $5,470,000 after purchasing an additional 60,042 shares during the last quarter. WINTON GROUP Ltd grew its stake in Stifel Financial by 21.4% during the 2nd quarter. WINTON GROUP Ltd now owns 299,748 shares of the financial services provider's stock worth $20,913,000 after buying an additional 52,778 shares during the last quarter. BlackRock Inc. bought a new position in Stifel Financial during the 2nd quarter worth $1,031,197,000. Finally, Castleark Management LLC acquired a new stake in Stifel Financial in the second quarter worth $6,852,000. Institutional investors own 82.01% of the company's stock.

About Stifel Financial

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company provides wealth management, investment banking, institutional brokerage, equity and fixed-income research, securities trading, and asset management services.

Its wealth management business serves individual investors, families, businesses, and institutions through financial planning, investment advisory, brokerage, banking, and related services.

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