Stifel Financial Corporation (NYSE:SF) Stock Has Average Target Price of $91.90

Shares of Stifel Financial Corporation (NYSE:SF) have been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $93.78.

SF has been the topic of a number of recent research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Stifel Financial in a research note on Wednesday, August 26th. UBS Group set a $90.00 price target on Stifel Financial in a research note on Thursday, July 23rd. JPMorgan Chase & Co. upped their price objective on Stifel Financial from $80.00 to $86.00 and gave the company a “neutral” rating in a report on Thursday, July 23rd. Finally, Wall Street Zen cut Stifel Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th.

Stifel Financial Price Performance

Shares of NYSE SF opened at $70.26 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 0.88 and a debt-to-equity ratio of 0.33. The business’s 50 day moving average price is $79.44 and its two-hundred day moving average price is $76.18. The company has a market cap of $10.61 billion, a PE ratio of 12.58 and a beta of 1.01. Stifel Financial has a twelve month low of $67.81 and a twelve month high of $89.83.

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

Stifel Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were paid a $0.34 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $1.36 annualized dividend and a dividend yield of 1.9%. Stifel Financial’s dividend payout ratio (DPR) is presently 24.33%.

Insider Buying and Selling at Stifel Financial

In related news, Director Maryam Brown sold 4,700 shares of Stifel Financial stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $79.20, for a total transaction of $372,240.00. Following the sale, the director directly owned 5,729 shares of the company’s stock, valued at approximately $453,736.80. The trade was a 45.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.36% of the company’s stock.

Hedge Funds Weigh In On Stifel Financial

Large investors have recently bought and sold shares of the company. BlackRock Inc. bought a new stake in Stifel Financial in the second quarter valued at $1,031,197,000. Bank of America Corp DE bought a new position in shares of Stifel Financial in the 2nd quarter worth $123,551,000. Norges Bank bought a new position in shares of Stifel Financial in the 4th quarter worth $172,446,000. Bank of New York Mellon Corp acquired a new position in Stifel Financial during the 2nd quarter valued at about $93,235,000. Finally, Algebris UK Ltd. purchased a new position in shares of Stifel Financial during the 2nd quarter valued at $70,086,000. 82.01% of the stock is currently owned by institutional investors.

Stifel Financial Company Profile

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company provides wealth management, investment banking, institutional brokerage, equity and fixed-income research, securities trading, and asset management services.

Its wealth management business serves individual investors, families, businesses, and institutions through financial planning, investment advisory, brokerage, banking, and related services.