Stifel Financial (NYSE:SF) Price Target Cut to $75.00 by Analysts at BMO Capital Markets

Stifel Financial (NYSE:SF) had its price objective lowered by BMO Capital Markets from $85.00 to $75.00 in a research note issued to investors on Tuesday morning,Benzinga reports. BMO Capital Markets currently has a market perform rating on the financial services provider’s stock.

A number of other research firms have also recently commented on SF. JPMorgan Chase & Co. boosted their target price on shares of Stifel Financial from $80.00 to $86.00 and gave the stock a “neutral” rating in a research report on Thursday, July 23rd. Wall Street Zen lowered shares of Stifel Financial from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stifel Financial in a research note on Wednesday, August 26th. Finally, UBS Group set a $90.00 price objective on shares of Stifel Financial in a report on Thursday, July 23rd. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $88.58.

Stifel Financial Stock Performance

Shares of NYSE:SF opened at $70.11 on Tuesday. The business’s 50-day simple moving average is $78.92 and its 200 day simple moving average is $76.22. The company has a market cap of $10.59 billion, a P/E ratio of 12.55 and a beta of 1.01. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.83 and a current ratio of 0.88. Stifel Financial has a one year low of $67.81 and a one year high of $89.83.

Stifel Financial (NYSE:SF) last released its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share for the quarter, topping 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 firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the prior year, the business earned $1.71 EPS. Stifel Financial’s quarterly revenue was up 13.0% compared to the same quarter last year. On average, sell-side analysts forecast that Stifel Financial will post 6.31 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were issued a dividend of $0.34 per share. The ex-dividend date was Tuesday, September 1st. This represents a $1.36 annualized dividend and a yield of 1.9%. Stifel Financial’s payout ratio is currently 24.33%.

Insider Activity

In related news, Director Maryam Brown sold 4,700 shares of the company’s stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $79.20, for a total value 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 represents a 45.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.36% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Stifel Financial

Hedge funds and other institutional investors have recently modified their holdings of the stock. Argent Capital Management LLC acquired a new stake in shares of Stifel Financial in the 3rd quarter valued at about $14,002,000. QRG Capital Management Inc. grew its stake in Stifel Financial by 24.0% in the second quarter. QRG Capital Management Inc. now owns 26,051 shares of the financial services provider’s stock worth $1,818,000 after purchasing an additional 5,039 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in Stifel Financial by 13.5% in the second quarter. Sequoia Financial Advisors LLC now owns 15,393 shares of the financial services provider’s stock worth $1,074,000 after purchasing an additional 1,830 shares in the last quarter. WINTON GROUP Ltd increased its holdings in Stifel Financial by 21.4% in the second quarter. WINTON GROUP Ltd now owns 299,748 shares of the financial services provider’s stock valued at $20,913,000 after buying an additional 52,778 shares during the last quarter. Finally, NewEdge Advisors LLC increased its holdings in Stifel Financial by 1.8% in the second quarter. NewEdge Advisors LLC now owns 18,061 shares of the financial services provider’s stock valued at $1,260,000 after buying an additional 321 shares during the last quarter. Institutional investors own 82.01% of the company’s stock.

Stifel Financial Company Profile

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company provides wealth management, investment banking, institutional brokerage, equity and fixed-income research, securities trading, and asset management services.

Its wealth management business serves individual investors, families, businesses, and institutions through financial planning, investment advisory, brokerage, banking, and related services.