Stifel Financial Corporation (NYSE:SF) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Shares of Stifel Financial Corporation (NYSE:SF - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the nine ratings firms that are presently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $91.9048.

A number of brokerages have weighed in on SF. JPMorgan Chase & Co. increased their price target on Stifel Financial from $80.00 to $86.00 and gave the stock a "neutral" rating in a report on Thursday, July 23rd. Wall Street Zen downgraded Stifel Financial from a "buy" rating to a "hold" rating in a research note on Sunday. Zacks Research upgraded Stifel Financial from a "strong sell" rating to a "hold" rating in a research report on Wednesday, May 20th. UBS Group set a $90.00 target price on Stifel Financial in a research note on Thursday, July 23rd. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Stifel Financial in a report on Friday, May 29th.

Stifel Financial Price Performance

Shares of NYSE:SF opened at $83.53 on Tuesday. Stifel Financial has a one year low of $67.81 and a one year high of $89.83. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.88 and a quick ratio of 0.83. The company has a market cap of $12.61 billion, a price-to-earnings ratio of 14.95 and a beta of 0.99. The firm has a 50 day simple moving average of $75.89 and a 200 day simple moving average of $76.49.

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

Stifel Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.36 annualized dividend and a dividend yield of 1.6%. Stifel Financial's payout ratio is presently 24.33%.

Insider Transactions at Stifel Financial

In other news, Director Maryam S. Brown sold 4,700 shares of the company's stock in a transaction that occurred on 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 of the company's stock, valued at $453,736.80. This represents a 45.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 3.36% of the company's stock.

Institutional Investors Weigh In On Stifel Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of SF. Advisory Services Network LLC bought a new position in shares of Stifel Financial in the 3rd quarter worth $29,000. Activest Wealth Management raised its position in shares of Stifel Financial by 12,000.0% during the 4th quarter. Activest Wealth Management now owns 242 shares of the financial services provider's stock valued at $30,000 after buying an additional 240 shares in the last quarter. Danske Bank A S bought a new stake in shares of Stifel Financial during the 2nd quarter worth $31,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Stifel Financial during the 4th quarter worth $34,000. Finally, JTC Employer Solutions Trustee Ltd grew its position in Stifel Financial by 49.8% in the first quarter. JTC Employer Solutions Trustee Ltd now owns 481 shares of the financial services provider's stock worth $36,000 after acquiring an additional 160 shares in the last quarter. Institutional investors own 82.01% of the company's stock.

Stifel Financial Company Profile

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full‐service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research‐driven insights.

The firm's main business activities are organized into two core segments: Private Client Group and Institutional Group.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source