Stifel Financial Corporation (NYSE:SF) Receives $105.50 Consensus Target Price from Brokerages

Stifel Financial Corporation (NYSE:SF - Get Free Report) has received a consensus recommendation of "Hold" from the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $106.75.

Several equities analysts have recently weighed in on the stock. TD Cowen dropped their price objective on shares of Stifel Financial from $124.00 to $84.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Wall Street Zen lowered shares of Stifel Financial from a "hold" rating to a "sell" rating in a research report on Saturday, July 5th. JMP Securities lowered their price target on shares of Stifel Financial from $135.00 to $120.00 and set a "market outperform" rating on the stock in a research report on Tuesday, April 8th. Wells Fargo & Company lowered their price target on shares of Stifel Financial from $106.00 to $102.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Finally, Wolfe Research raised shares of Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 price target on the stock in a research report on Thursday, April 24th.

Insider Transactions at Stifel Financial

In other news, Director Michael J. Zimmerman sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $96.69, for a total value of $966,900.00. Following the sale, the director directly owned 45,833 shares in the company, valued at approximately $4,431,592.77. This trade represents a 17.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.28% of the stock is owned by insiders.

Institutional Investors Weigh In On Stifel Financial

A number of hedge funds have recently made changes to their positions in the stock. Hancock Whitney Corp boosted its position in Stifel Financial by 1.3% during the 4th quarter. Hancock Whitney Corp now owns 7,541 shares of the financial services provider's stock worth $800,000 after buying an additional 99 shares during the period. Bank of New Hampshire boosted its position in Stifel Financial by 1.0% during the 2nd quarter. Bank of New Hampshire now owns 9,639 shares of the financial services provider's stock worth $1,000,000 after buying an additional 100 shares during the period. Bessemer Group Inc. boosted its position in Stifel Financial by 52.1% during the 4th quarter. Bessemer Group Inc. now owns 321 shares of the financial services provider's stock worth $34,000 after buying an additional 110 shares during the period. Smartleaf Asset Management LLC boosted its position in Stifel Financial by 26.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 528 shares of the financial services provider's stock worth $56,000 after buying an additional 111 shares during the period. Finally, Journey Strategic Wealth LLC boosted its position in Stifel Financial by 4.2% during the 1st quarter. Journey Strategic Wealth LLC now owns 2,907 shares of the financial services provider's stock worth $274,000 after buying an additional 117 shares during the period. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Stifel Financial Stock Up 1.1%

SF traded up $1.16 during trading on Monday, reaching $109.66. 926,175 shares of the stock were exchanged, compared to its average volume of 692,278. The stock has a market cap of $11.27 billion, a P/E ratio of 20.97 and a beta of 1.09. Stifel Financial has a twelve month low of $73.27 and a twelve month high of $120.64. The stock's 50 day moving average price is $98.00 and its two-hundred day moving average price is $99.58. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 0.81.

Stifel Financial (NYSE:SF - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.49 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($1.15). The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.32 billion. Stifel Financial had a net margin of 12.26% and a return on equity of 13.88%. Stifel Financial's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.49 earnings per share. Equities analysts expect that Stifel Financial will post 8.26 EPS for the current year.

Stifel Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.84 dividend on an annualized basis and a yield of 1.68%. Stifel Financial's payout ratio is 35.18%.

Stifel Financial Company Profile

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.