Stifel Financial Corporation (NYSE:SF) Stock Has Average Target Price of $85.71

Shares of Stifel Financial Corporation (NYSE:SF) have been given an average rating of “Hold” by the nine analysts that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $85.71.

SF has been the subject of a number of recent research reports. TD Cowen decreased their price objective on Stifel Financial from $84.00 to $78.00 and set a “hold” rating for the company in a report on Monday, October 12th. Capital One Financial set a $75.00 target price on Stifel Financial in a report on Tuesday, October 6th. Citigroup reiterated a “market outperform” rating on shares of Stifel Financial in a research report on Thursday, October 22nd. Wall Street Zen cut Stifel Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. Finally, BMO Capital Markets decreased their price target on Stifel Financial from $85.00 to $75.00 and set a “market perform” rating for the company in a research note on Tuesday, October 6th.

Stifel Financial Trading Down 2.5%

SF opened at $66.65 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.88 and a quick ratio of 0.83. Stifel Financial has a fifty-two week low of $65.40 and a fifty-two week high of $89.83. The company’s 50 day moving average price is $73.32 and its two-hundred day moving average price is $76.28. The firm has a market capitalization of $10.06 billion, a price-to-earnings ratio of 11.57 and a beta of 1.01.

Stifel Financial (NYSE:SF) last released its quarterly earnings results on Wednesday, October 21st. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.02. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.45 billion. Stifel Financial had a net margin of 16.50% and a return on equity of 19.38%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter last year, the firm earned $1.95 earnings per share. As a group, research analysts predict that Stifel Financial will post 6.08 earnings per share for the current year.

Stifel Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were issued a $0.34 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $1.36 annualized dividend and a yield of 2.0%. Stifel Financial’s dividend payout ratio is presently 23.61%.

Institutional Trading of Stifel Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. JTC Employer Solutions Trustee Ltd lifted its position in shares of Stifel Financial by 49.8% in the 1st quarter. JTC Employer Solutions Trustee Ltd now owns 481 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 160 shares during the period. Gradient Investments LLC increased its position in shares of Stifel Financial by 0.7% during the third quarter. Gradient Investments LLC now owns 26,522 shares of the financial services provider’s stock worth $1,858,000 after buying an additional 175 shares during the period. Evergreen Capital Management LLC increased its position in shares of Stifel Financial by 1.3% during the third quarter. Evergreen Capital Management LLC now owns 14,319 shares of the financial services provider’s stock worth $1,003,000 after buying an additional 180 shares during the period. Elevation Wealth Partners LLC increased its position in shares of Stifel Financial by 92.8% during the third quarter. Elevation Wealth Partners LLC now owns 457 shares of the financial services provider’s stock worth $32,000 after buying an additional 220 shares during the period. Finally, Nisa Investment Advisors LLC raised its stake in Stifel Financial by 4.0% during the third quarter. Nisa Investment Advisors LLC now owns 7,031 shares of the financial services provider’s stock worth $492,000 after buying an additional 271 shares during the last quarter. Institutional investors and hedge funds own 82.01% of the company’s stock.

About Stifel Financial

Stifel Financial Corp. is a financial services holding company headquartered in St. Louis, Missouri. Through its principal operating subsidiaries, including Stifel, Nicolaus & Company, Incorporated, the company provides wealth management, investment banking, securities brokerage and related financial services to individual investors, corporations, municipalities and institutional clients.

Its wealth management business offers investment advice, brokerage services, financial planning, banking and lending solutions, and access to a range of investment products.