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

Shares of Stifel Financial Corporation (NYSE:SF) have earned an average recommendation of “Moderate Buy” from the nine brokerages that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $91.9048.

Several analysts have weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Stifel Financial from $80.00 to $86.00 and gave the company a “neutral” rating in a research report on Thursday, July 23rd. Wall Street Zen downgraded shares of Stifel Financial from a “buy” rating to a “hold” rating in a research report on Sunday. Zacks Research raised Stifel Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stifel Financial in a research report on Friday, May 29th. Finally, UBS Group set a $90.00 price objective on Stifel Financial in a report on Thursday, July 23rd.

Insider Transactions at Stifel Financial

In related news, Director Maryam S. Brown sold 4,700 shares of the firm’s stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $79.20, for a total value of $372,240.00. Following the transaction, the director owned 5,729 shares of the company’s stock, valued at approximately $453,736.80. This trade represents a 45.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 3.36% of the company’s stock.

Institutional Investors Weigh In On Stifel Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Activest Wealth Management increased its stake in shares of Stifel Financial by 12,000.0% in the fourth quarter. Activest Wealth Management now owns 242 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 240 shares in the last quarter. Advisory Services Network LLC bought a new position in Stifel Financial in the 3rd quarter worth $29,000. Caitong International Asset Management Co. Ltd purchased a new stake in Stifel Financial in the 4th quarter worth $34,000. Cullen Frost Bankers Inc. purchased a new stake in Stifel Financial in the 4th quarter worth $50,000. Finally, BOKF NA raised its holdings in Stifel Financial by 1,626.9% during the third quarter. BOKF NA now owns 449 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 423 shares during the period. 82.01% of the stock is owned by hedge funds and other institutional investors.

Stifel Financial Price Performance

Shares of Stifel Financial stock opened at $83.53 on Tuesday. Stifel Financial has a 52-week low of $67.81 and a 52-week high of $89.83. The stock has a market capitalization of $12.61 billion, a price-to-earnings ratio of 14.95 and a beta of 0.99. The company has a fifty day moving average of $75.89 and a 200-day moving average of $76.49. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.83 and a current ratio of 0.88.

Stifel Financial (NYSE:SF) last released its earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.09. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.42 billion. Stifel Financial had a return on equity of 19.22% and a net margin of 16.11%.Stifel Financial’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.71 EPS. Equities research analysts expect that Stifel Financial will post 6.36 EPS for the current year.

Stifel Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a $0.34 dividend. 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%.

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.