Stifel Financial Corp. (NYSE:SF) Receives Consensus Recommendation of "Hold" from Brokerages

Shares of Stifel Financial Corp. (NYSE:SF - Get Free Report) have earned an average rating of "Hold" from the eight analysts that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $105.50.

SF has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Stifel Financial from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. TD Cowen cut their price objective on shares of Stifel Financial from $124.00 to $84.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. JPMorgan Chase & Co. reduced their price objective on shares of Stifel Financial from $123.00 to $100.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Wolfe Research upgraded shares of Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 target price on the stock in a research note on Thursday, April 24th. Finally, The Goldman Sachs Group reduced their price target on shares of Stifel Financial from $121.00 to $105.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd.

Insider Buying and Selling

In related news, Director Michael J. Zimmerman sold 10,000 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $96.69, for a total transaction of $966,900.00. Following the completion of the sale, the director now directly owns 45,833 shares in the company, valued at $4,431,592.77. This represents a 17.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.28% of the stock is owned by company insiders.

Institutional Trading of Stifel Financial

A number of institutional investors have recently modified their holdings of the company. Van ECK Associates Corp lifted its holdings in Stifel Financial by 35.6% in the 4th quarter. Van ECK Associates Corp now owns 72,889 shares of the financial services provider's stock worth $7,732,000 after buying an additional 19,118 shares during the period. V Square Quantitative Management LLC bought a new position in shares of Stifel Financial during the fourth quarter valued at approximately $26,000. Legacy Capital Wealth Partners LLC lifted its stake in Stifel Financial by 5.1% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 3,936 shares of the financial services provider's stock worth $418,000 after acquiring an additional 190 shares during the period. Principal Securities Inc. boosted its holdings in Stifel Financial by 10.1% in the fourth quarter. Principal Securities Inc. now owns 1,642 shares of the financial services provider's stock valued at $174,000 after acquiring an additional 150 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its position in Stifel Financial by 0.9% during the 4th quarter. Sanctuary Advisors LLC now owns 49,578 shares of the financial services provider's stock valued at $5,830,000 after purchasing an additional 465 shares during the period. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

Stifel Financial Trading Up 0.2%

NYSE SF traded up $0.20 during mid-day trading on Thursday, reaching $96.88. 389,506 shares of the stock were exchanged, compared to its average volume of 675,408. The stock has a market cap of $9.95 billion, a P/E ratio of 15.53 and a beta of 1.07. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78. The stock has a 50 day simple moving average of $90.05 and a 200-day simple moving average of $100.85. Stifel Financial has a one year low of $73.27 and a one year high of $120.64.

Stifel Financial (NYSE:SF - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.64 by ($1.15). The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.32 billion. Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. Stifel Financial's revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.49 earnings per share. On average, analysts anticipate that Stifel Financial will post 8.26 EPS for the current year.

Stifel Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend is Monday, June 2nd. Stifel Financial's dividend payout ratio is currently 35.18%.

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 and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.