Stifel Financial Corporation (NYSE:SF) Receives $92.37 Consensus PT from Brokerages

Shares of Stifel Financial Corporation (NYSE:SF) have received a consensus recommendation of “Moderate Buy” from the ten analysts that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $91.1481.

A number of brokerages have weighed in on SF. UBS Group cut their price target 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. Weiss Ratings raised shares of Stifel Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. Citigroup reaffirmed an “outperform” rating on shares of Stifel Financial in a research note on Monday, January 12th. Citizens Jmp lifted their price target on shares of Stifel Financial from $93.33 to $103.33 and gave the company a “market outperform” rating in a research note on Monday, January 12th. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $99.33 price target on shares of Stifel Financial in a research note on Wednesday, January 7th.

Stifel Financial Stock Up 0.1%

Stifel Financial stock opened at $77.25 on Wednesday. The company’s 50 day simple moving average is $76.06 and its 200 day simple moving average is $79.36. Stifel Financial has a fifty-two week low of $51.49 and a fifty-two week high of $89.83. The firm has a market capitalization of $11.96 billion, a price-to-earnings ratio of 19.71 and a beta of 1.10. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.84 and a quick ratio of 0.80.

Stifel Financial (NYSE:SF) last released its quarterly earnings data on Wednesday, January 28th. The financial services provider reported $2.63 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.15. Stifel Financial had a net margin of 12.37% and a return on equity of 15.53%. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the firm earned $1.49 EPS. Stifel Financial’s quarterly revenue was up 14.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Stifel Financial will post 8.26 EPS for the current year.

Stifel Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were paid a $0.51 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This is an increase from Stifel Financial’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a yield of 2.6%. Stifel Financial’s payout ratio is presently 34.69%.

Insiders Place Their Bets

In other Stifel Financial news, insider David Rubulotta sold 600 shares of Stifel Financial stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $82.87, for a total value of $49,724.00. Following the transaction, the insider owned 1,488 shares of the company’s stock, valued at approximately $123,315.52. The trade was a 28.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 3.28% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. lifted its position in shares of Stifel Financial by 22.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 9,996 shares of the financial services provider’s stock worth $1,252,000 after purchasing an additional 1,836 shares in the last quarter. Bank of New Hampshire lifted its position in shares of Stifel Financial by 1.6% in the fourth quarter. Bank of New Hampshire now owns 10,010 shares of the financial services provider’s stock worth $1,253,000 after purchasing an additional 157 shares in the last quarter. Corient Private Wealth LLC lifted its position in shares of Stifel Financial by 35.4% in the fourth quarter. Corient Private Wealth LLC now owns 15,116 shares of the financial services provider’s stock worth $1,893,000 after purchasing an additional 3,953 shares in the last quarter. Rehmann Capital Advisory Group lifted its position in shares of Stifel Financial by 2.9% in the fourth quarter. Rehmann Capital Advisory Group now owns 5,202 shares of the financial services provider’s stock worth $653,000 after purchasing an additional 148 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Stifel Financial in the fourth quarter worth $34,000. Institutional investors own 82.01% of the company’s stock.

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.