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

Stifel Financial Corporation (NYSE:SF) has received a consensus recommendation of “Moderate Buy” from the ten analysts that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $91.1481.

A number of equities research analysts have issued reports on SF shares. UBS Group reduced their price objective on shares of Stifel Financial from $100.00 to $89.00 and set a “buy” rating on the stock in a research note on Wednesday, April 8th. TD Cowen reduced their price target on shares of Stifel Financial from $136.00 to $92.00 and set a “hold” rating on the stock in a research note on Monday, March 23rd. JPMorgan Chase & Co. raised their price target on shares of Stifel Financial from $88.67 to $90.67 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Citigroup restated an “outperform” rating on shares of Stifel Financial in a research note on Monday, January 12th. Finally, Zacks Research downgraded shares of Stifel Financial from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 21st.

Institutional Investors Weigh In On Stifel Financial

A number of hedge funds have recently made changes to their positions in the stock. Meeder Advisory Services Inc. boosted its stake in shares of Stifel Financial by 44.4% in the 1st quarter. Meeder Advisory Services Inc. now owns 6,568 shares of the financial services provider’s stock valued at $486,000 after purchasing an additional 2,021 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Stifel Financial by 51.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,616,616 shares of the financial services provider’s stock valued at $193,403,000 after purchasing an additional 890,810 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of Stifel Financial by 45.4% in the 1st quarter. Parallel Advisors LLC now owns 4,665 shares of the financial services provider’s stock valued at $345,000 after purchasing an additional 1,456 shares in the last quarter. KBC Group NV boosted its stake in shares of Stifel Financial by 50.0% in the 1st quarter. KBC Group NV now owns 4,639 shares of the financial services provider’s stock valued at $343,000 after purchasing an additional 1,546 shares in the last quarter. Finally, Swiss National Bank boosted its stake in shares of Stifel Financial by 50.0% in the 1st quarter. Swiss National Bank now owns 302,119 shares of the financial services provider’s stock valued at $22,333,000 after purchasing an additional 100,706 shares in the last quarter. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Stifel Financial Trading Down 3.0%

Shares of Stifel Financial stock opened at $76.16 on Friday. The company has a market capitalization of $11.68 billion, a price-to-earnings ratio of 14.82 and a beta of 1.05. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 0.29. Stifel Financial has a 12-month low of $59.85 and a 12-month high of $89.83. The firm’s 50-day moving average price is $75.30 and its two-hundred day moving average price is $79.99.

Stifel Financial (NYSE:SF) last announced its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.51 billion. Stifel Financial had a net margin of 15.34% and a return on equity of 18.76%. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.49 earnings per share. On average, analysts forecast that Stifel Financial will post 6.25 earnings per share for the current fiscal year.

Stifel Financial Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Monday, June 1st. Stifel Financial’s dividend payout ratio (DPR) is presently 26.46%.

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.