Stifel Financial Corporation (NYSE:SF) Receives $115.78 Consensus PT from Analysts

Key Points

• Stifel Financial Corporation has received a consensus rating of "Moderate Buy" from eight brokerages, with an average target price of $115.78 over the next year.
• Recent insider trading activity includes director Michael J. Zimmerman selling 10,000 shares for nearly $967,000, resulting in a notable decrease in his ownership stake.
• The company reported a quarterly earnings per share (EPS) of $1.71, exceeding expectations and reflecting a 5.4% year-over-year revenue growth.

Shares of Stifel Financial Corporation (NYSE:SF - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the eight brokerages that are currently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $115.7778.

SF has been the subject of a number of analyst reports. Wells Fargo & Company increased their target price on shares of Stifel Financial from $102.00 to $125.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. Wolfe Research raised shares of Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 price objective on the stock in a report on Thursday, April 24th. TD Cowen decreased their price target on shares of Stifel Financial from $124.00 to $84.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. JMP Securities lifted their target price on shares of Stifel Financial from $120.00 to $130.00 and gave the stock a "market outperform" rating in a research note on Monday, July 14th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Stifel Financial from $123.00 to $100.00 and set a "neutral" rating for the company in a research report on Friday, April 11th.

Stifel Financial Stock Up 0.9%

SF traded up $1.03 on Friday, hitting $112.20. The company had a trading volume of 119,836 shares, compared to its average volume of 801,213. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.81 and a quick ratio of 0.77. Stifel Financial has a 52-week low of $73.27 and a 52-week high of $120.64. The stock has a fifty day simple moving average of $103.15 and a 200-day simple moving average of $99.81. The firm has a market capitalization of $11.53 billion, a P/E ratio of 21.74 and a beta of 1.11.

Stifel Financial (NYSE:SF - Get Free Report) last posted its earnings results on Wednesday, July 30th. The financial services provider reported $1.71 EPS for the quarter, topping analysts' consensus estimates of $1.65 by $0.06. Stifel Financial had a net margin of 11.90% and a return on equity of 13.93%. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the previous year, the firm posted $1.60 EPS. The firm's revenue was up 5.4% on a year-over-year basis. As a group, equities analysts expect that Stifel Financial will post 8.26 EPS for the current fiscal year.

Stifel Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a dividend of $0.46 per share. The ex-dividend date was Monday, June 2nd. This represents a $1.84 annualized dividend and a yield of 1.6%. Stifel Financial's dividend payout ratio (DPR) is 35.66%.

Insider Transactions at Stifel Financial

In related news, Director Michael J. Zimmerman sold 10,000 shares of Stifel Financial stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $96.69, for a total transaction of $966,900.00. Following the sale, the director directly owned 45,833 shares in the company, valued at $4,431,592.77. The trade was a 17.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.57% of the stock is owned by company insiders.

Institutional Investors Weigh In On Stifel Financial

Institutional investors have recently bought and sold shares of the business. Hancock Whitney Corp lifted its stake in shares of Stifel Financial by 1.3% during the fourth quarter. Hancock Whitney Corp now owns 7,541 shares of the financial services provider's stock valued at $800,000 after acquiring an additional 99 shares during the period. Bank of New Hampshire increased its stake in shares of Stifel Financial by 1.0% in the 2nd quarter. Bank of New Hampshire now owns 9,639 shares of the financial services provider's stock valued at $1,000,000 after purchasing an additional 100 shares during the last quarter. Securian Asset Management Inc. grew its position in Stifel Financial by 1.3% during the 2nd quarter. Securian Asset Management Inc. now owns 7,837 shares of the financial services provider's stock worth $813,000 after acquiring an additional 100 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of Stifel Financial by 2.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,085 shares of the financial services provider's stock valued at $424,000 after buying an additional 108 shares during the last quarter. Finally, Bessemer Group Inc. grew its position in shares of Stifel Financial by 52.1% in the 4th quarter. Bessemer Group Inc. now owns 321 shares of the financial services provider's stock valued at $34,000 after buying an additional 110 shares during the last quarter. 82.01% of the stock is currently owned by institutional investors and hedge funds.

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.