Stifel Financial Corporation (SF) Receives Consensus Rating of “Buy” from Analysts

Stifel Financial Corporation (NYSE:SF) has received an average recommendation of “Buy” from the nine brokerages that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $70.00.

SF has been the subject of a number of analyst reports. Wells Fargo & Co boosted their price objective on shares of Stifel Financial from $64.00 to $70.00 in a research note on Thursday, January 4th. Nomura upgraded shares of Stifel Financial from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $58.00 to $77.00 in a research note on Wednesday, January 3rd. Instinet upgraded shares of Stifel Financial from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 3rd. Zacks Investment Research upgraded shares of Stifel Financial from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research note on Thursday, October 5th. Finally, Goldman Sachs Group upgraded shares of Stifel Financial from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $56.00 to $77.00 in a research note on Monday.

Stifel Financial (NYSE SF) traded up $1.31 during midday trading on Friday, reaching $67.01. 408,700 shares of the company’s stock were exchanged, compared to its average volume of 581,775. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.67 and a quick ratio of 0.61. The firm has a market capitalization of $4,620.00, a PE ratio of 26.70, a PEG ratio of 1.11 and a beta of 1.70. Stifel Financial has a 1 year low of $41.93 and a 1 year high of $67.08.

Stifel Financial (NYSE:SF) last posted its earnings results on Monday, October 30th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.06. The firm had revenue of $721.20 million during the quarter, compared to analysts’ expectations of $701.12 million. Stifel Financial had a net margin of 7.61% and a return on equity of 9.78%. The company’s revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.69 earnings per share. analysts expect that Stifel Financial will post 3.44 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date was Thursday, November 30th. Stifel Financial’s payout ratio is 15.94%.

In related news, insider Thomas B. Michaud sold 24,536 shares of the company’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $52.40, for a total transaction of $1,285,686.40. Following the completion of the transaction, the insider now directly owns 60,589 shares in the company, valued at approximately $3,174,863.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James M. Oates sold 1,768 shares of the company’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $52.27, for a total transaction of $92,413.36. Following the transaction, the director now owns 28,640 shares of the company’s stock, valued at $1,497,012.80. The disclosure for this sale can be found here. Insiders sold 54,304 shares of company stock valued at $2,869,480 over the last 90 days. 3.60% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio increased its holdings in Stifel Financial by 5.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,379 shares of the financial services provider’s stock valued at $109,000 after buying an additional 113 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Stifel Financial by 9.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,570 shares of the financial services provider’s stock valued at $118,000 after buying an additional 212 shares during the period. Cubist Systematic Strategies LLC bought a new stake in Stifel Financial in the 3rd quarter valued at $137,000. Pacad Investment Ltd. increased its holdings in Stifel Financial by 442.9% in the 2nd quarter. Pacad Investment Ltd. now owns 3,800 shares of the financial services provider’s stock valued at $175,000 after buying an additional 3,100 shares during the period. Finally, Riverhead Capital Management LLC increased its holdings in Stifel Financial by 91.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,827 shares of the financial services provider’s stock valued at $176,000 after buying an additional 1,827 shares during the period. Hedge funds and other institutional investors own 88.54% of the company’s stock.

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About Stifel Financial

Stifel Financial Corp. is a financial holding company. Its principal subsidiary is Stifel, Nicolaus & Company, Incorporated, a retail and institutional wealth management and investment banking firm. It operates through three segments: Global Wealth Management, Institutional Group and Other. The Global Wealth Management segment consists of the Private Client Group and Stifel Bank businesses.

Analyst Recommendations for Stifel Financial (NYSE:SF)

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