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

Stifel Financial Corporation (NYSE:SF) has earned an average recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $91.9048.

SF has been the subject of a number of research reports. UBS Group set a $90.00 target price on shares of Stifel Financial in a research report on Thursday, July 23rd. JPMorgan Chase & Co. raised their price objective on shares of Stifel Financial from $80.00 to $86.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Stifel Financial in a research report on Wednesday, August 26th. Zacks Research raised Stifel Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Finally, Wall Street Zen downgraded Stifel Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th.

Insider Transactions at Stifel Financial

In other Stifel Financial news, Director Maryam Brown sold 4,700 shares of the firm’s stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $79.20, for a total transaction of $372,240.00. Following the sale, the director directly owned 5,729 shares of the company’s stock, valued at $453,736.80. This trade represents a 45.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.36% of the company’s stock.

Institutional Trading of Stifel Financial

A number of hedge funds have recently bought and sold shares of SF. Advisory Services Network LLC acquired a new position in Stifel Financial in the 3rd quarter valued at $29,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Stifel Financial during the fourth quarter worth $34,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Stifel Financial in the fourth quarter valued at $50,000. BOKF NA grew its position in shares of Stifel Financial by 1,626.9% in the third quarter. BOKF NA now owns 449 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 423 shares during the period. Finally, Danske Bank A S acquired a new position in Stifel Financial in the second quarter valued at $31,000. Institutional investors and hedge funds own 82.01% of the company’s stock.

Stifel Financial Stock Down 0.8%

SF opened at $81.62 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.83 and a current ratio of 0.88. The company has a market cap of $12.32 billion, a price-to-earnings ratio of 14.61 and a beta of 0.98. Stifel Financial has a one year low of $67.81 and a one year high of $89.83. The business’s fifty day moving average is $79.75 and its two-hundred day moving average is $76.27.

Stifel Financial (NYSE:SF) last announced its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.09. Stifel Financial had a return on equity of 19.22% and a net margin of 16.11%.The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter last year, the business posted $1.71 earnings per share. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. Analysts anticipate that Stifel Financial will post 6.36 EPS for the current fiscal year.

Stifel Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a $0.34 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.36 annualized dividend and a yield of 1.7%. Stifel Financial’s payout ratio is presently 24.33%.

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.