Stifel Financial (NYSE:SF) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Stifel Financial (NYSE:SF - Free Report) from a sell rating to a hold rating in a report released on Saturday morning.

Other research analysts have also issued research reports about the company. JMP Securities dropped their price target on Stifel Financial from $135.00 to $120.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. dropped their target price on Stifel Financial from $123.00 to $100.00 and set a "neutral" rating for the company in a report on Friday, April 11th. The Goldman Sachs Group decreased their price target on Stifel Financial from $121.00 to $105.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Wolfe Research raised shares of Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 price objective for the company in a research note on Thursday, April 24th. Finally, Citigroup cut their price objective on shares of Stifel Financial from $125.00 to $105.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $105.50.

Stifel Financial Price Performance

Shares of NYSE:SF traded up $1.60 during mid-day trading on Friday, reaching $100.73. The stock had a trading volume of 676,716 shares, compared to its average volume of 680,454. The business's 50 day moving average price is $92.57 and its 200 day moving average price is $99.63. Stifel Financial has a 1 year low of $73.27 and a 1 year high of $120.64. The company has a market cap of $10.35 billion, a P/E ratio of 19.26 and a beta of 1.07. The company has a current ratio of 0.81, a quick ratio of 0.77 and a debt-to-equity ratio of 0.28.

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

Stifel Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.46 per share. The ex-dividend date was Monday, June 2nd. This represents a $1.84 annualized dividend and a dividend yield of 1.83%. Stifel Financial's dividend payout ratio is presently 35.18%.

Insider Transactions at Stifel Financial

In other Stifel Financial news, Director Michael J. Zimmerman sold 10,000 shares of the business'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 transaction of $966,900.00. Following the sale, the director now owns 45,833 shares of the company's stock, valued at approximately $4,431,592.77. The trade was a 17.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 4.57% of the company's stock.

Hedge Funds Weigh In On Stifel Financial

A number of institutional investors have recently bought and sold shares of the business. NBC Securities Inc. purchased a new position in Stifel Financial during the first quarter valued at approximately $26,000. Alpine Bank Wealth Management acquired a new stake in shares of Stifel Financial during the 1st quarter worth approximately $27,000. Allworth Financial LP increased its holdings in shares of Stifel Financial by 67.7% during the 1st quarter. Allworth Financial LP now owns 337 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 136 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Stifel Financial by 123.6% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 183 shares during the period. Finally, Bessemer Group Inc. lifted its stake 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 purchasing an additional 110 shares during the period. 82.01% of the stock is owned by hedge funds and other institutional investors.

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.