Stifel Financial Corporation (NYSE:SF) Given Consensus Recommendation of “Moderate Buy” by Analysts

Stifel Financial Corporation (NYSE:SF) has been assigned a consensus rating of “Moderate Buy” from the ten analysts that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $91.1481.

A number of analysts have recently weighed in on SF shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Stifel Financial in a research report on Friday, May 29th. UBS Group lowered their target price on Stifel Financial from $100.00 to $89.00 and set a “buy” rating on the stock in a research report on Wednesday, April 8th. Zacks Research upgraded Stifel Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Finally, TD Cowen lowered their target price on Stifel Financial from $136.00 to $92.00 and set a “hold” rating on the stock in a research report on Monday, March 23rd.

Stifel Financial Stock Up 0.1%

Shares of Stifel Financial stock opened at $69.37 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. The business’s 50 day simple moving average is $74.20 and its 200-day simple moving average is $78.13. The stock has a market capitalization of $10.64 billion, a price-to-earnings ratio of 13.50 and a beta of 1.00. Stifel Financial has a twelve month low of $67.96 and a twelve month high of $89.83.

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

Stifel Financial Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 2.0%. The ex-dividend date was Monday, June 1st. Stifel Financial’s dividend payout ratio (DPR) is currently 26.46%.

Hedge Funds Weigh In On Stifel Financial

Hedge funds have recently modified their holdings of the company. Horizon Investments LLC increased its position in shares of Stifel Financial by 146.7% during the 4th quarter. Horizon Investments LLC now owns 63,089 shares of the financial services provider’s stock valued at $7,900,000 after purchasing an additional 37,516 shares during the period. Strs Ohio grew its holdings in shares of Stifel Financial by 25.8% in the 4th quarter. Strs Ohio now owns 72,168 shares of the financial services provider’s stock worth $9,037,000 after acquiring an additional 14,779 shares during the last quarter. Brandywine Oak Private Wealth LLC boosted its position in shares of Stifel Financial by 40.0% in the first quarter. Brandywine Oak Private Wealth LLC now owns 66,682 shares of the financial services provider’s stock worth $4,929,000 after buying an additional 19,053 shares during the period. New Age Alpha Advisors LLC boosted its position in shares of Stifel Financial by 38.2% in the fourth quarter. New Age Alpha Advisors LLC now owns 55,946 shares of the financial services provider’s stock worth $7,006,000 after buying an additional 15,470 shares during the period. Finally, Fiera Capital Corp boosted its position in shares of Stifel Financial by 33.1% in the fourth quarter. Fiera Capital Corp now owns 804,609 shares of the financial services provider’s stock worth $100,753,000 after buying an additional 199,983 shares during the period. 82.01% of the stock is currently owned by institutional investors and hedge funds.

About Stifel Financial

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.