Stifel Financial Corp. (NYSE:SF) Receives Average Recommendation of “Hold” from Analysts

Shares of Stifel Financial Corp. (NYSE:SF) have earned an average rating of “Hold” from the five ratings firms that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $87.75.

A number of research firms recently commented on SF. JMP Securities reiterated a “market outperform” rating and set a $105.00 price objective on shares of Stifel Financial in a research note on Monday. StockNews.com downgraded Stifel Financial from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. Wolfe Research lowered Stifel Financial from an “outperform” rating to a “peer perform” rating in a report on Monday, July 22nd. Finally, TD Cowen lifted their target price on Stifel Financial from $85.00 to $88.00 and gave the stock a “hold” rating in a report on Thursday, July 25th.

Hedge Funds Weigh In On Stifel Financial

A number of hedge funds have recently modified their holdings of SF. Charles Schwab Investment Management Inc. lifted its holdings in shares of Stifel Financial by 0.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,208,077 shares of the financial services provider’s stock valued at $83,539,000 after purchasing an additional 6,645 shares during the last quarter. Principal Securities Inc. acquired a new stake in Stifel Financial during the 4th quarter worth about $99,000. BNP Paribas Financial Markets raised its holdings in Stifel Financial by 7.2% during the 4th quarter. BNP Paribas Financial Markets now owns 7,036 shares of the financial services provider’s stock worth $487,000 after buying an additional 471 shares during the period. QRG Capital Management Inc. lifted its stake in Stifel Financial by 24.3% during the fourth quarter. QRG Capital Management Inc. now owns 15,583 shares of the financial services provider’s stock valued at $1,078,000 after buying an additional 3,043 shares in the last quarter. Finally, Boston Partners boosted its holdings in shares of Stifel Financial by 0.5% in the fourth quarter. Boston Partners now owns 37,765 shares of the financial services provider’s stock worth $2,611,000 after buying an additional 199 shares during the period. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Stifel Financial Trading Up 1.3 %

NYSE:SF opened at $84.46 on Tuesday. Stifel Financial has a 1 year low of $54.81 and a 1 year high of $90.00. The business has a fifty day moving average of $84.31 and a 200-day moving average of $80.52. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.80 and a current ratio of 0.84. The stock has a market cap of $8.66 billion, a price-to-earnings ratio of 19.20 and a beta of 1.09.

Stifel Financial (NYSE:SF) last announced its earnings results on Wednesday, July 24th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.06. Stifel Financial had a net margin of 11.59% and a return on equity of 13.24%. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the prior year, the firm posted $1.20 EPS. Stifel Financial’s revenue was up 15.9% compared to the same quarter last year. Equities analysts predict that Stifel Financial will post 6.55 earnings per share for the current year.

Stifel Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be given a dividend of $0.42 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.99%. Stifel Financial’s dividend payout ratio (DPR) is presently 38.18%.

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.