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

Stifel Financial Corporation (NYSE:SF) has been given an average recommendation of “Hold” by the nine brokerages that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $85.71.

Several research analysts have issued reports on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stifel Financial in a report on Wednesday, August 26th. Zacks Research cut shares of Stifel Financial from a “hold” rating to a “strong sell” rating in a report on Thursday, October 22nd. BMO Capital Markets reduced their price target on shares of Stifel Financial from $85.00 to $75.00 and set a “market perform” rating for the company in a research report on Tuesday, October 6th. Capital One Financial set a $75.00 price objective on shares of Stifel Financial in a report on Tuesday, October 6th. Finally, TD Cowen lowered their price objective on Stifel Financial from $84.00 to $78.00 and set a “hold” rating on the stock in a research report on Monday, October 12th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. bought a new position in Stifel Financial in the second quarter valued at about $1,031,197,000. Dimensional Fund Advisors LP boosted its position in Stifel Financial by 51.6% in the first quarter. Dimensional Fund Advisors LP now owns 2,616,616 shares of the financial services provider’s stock worth $193,403,000 after purchasing an additional 890,810 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Stifel Financial by 58.7% during the 1st quarter. Bank of America Corp DE now owns 1,875,501 shares of the financial services provider’s stock valued at $138,637,000 after purchasing an additional 693,437 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Stifel Financial by 40.6% during the 1st quarter. Bank of New York Mellon Corp now owns 1,367,474 shares of the financial services provider’s stock valued at $101,084,000 after purchasing an additional 394,863 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of Stifel Financial by 48.5% during the 1st quarter. Principal Financial Group Inc. now owns 1,075,067 shares of the financial services provider’s stock valued at $79,469,000 after purchasing an additional 351,146 shares during the period. 82.01% of the stock is owned by institutional investors.

Stifel Financial Price Performance

SF opened at $68.30 on Friday. The firm has a market cap of $10.31 billion, a PE ratio of 10.99 and a beta of 1.01. The stock has a 50-day moving average price of $73.59 and a 200-day moving average price of $76.38. Stifel Financial has a 1 year low of $65.40 and a 1 year high of $89.83. 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 (NYSE:SF) last announced its quarterly earnings data on Wednesday, October 21st. The financial services provider reported $1.46 EPS for the quarter, beating the consensus estimate of $1.44 by $0.02. Stifel Financial had a net margin of 16.50% and a return on equity of 19.38%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the prior year, the firm posted $1.95 EPS. Stifel Financial’s revenue for the quarter was down .2% on a year-over-year basis. Sell-side analysts predict that Stifel Financial will post 6.08 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

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

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.