Stifel Financial Corp (NYSE:SF) has received an average rating of “Hold” from the seven analysts that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $49.25.
A number of research firms have recently issued reports on SF. JMP Securities cut their price objective on Stifel Financial from $72.00 to $60.00 and set a “market outperform” rating for the company in a research report on Thursday, April 9th. Stifel Nicolaus cut Stifel Financial from an “equal weight” rating to an “underweight” rating in a report on Monday, May 18th. Credit Suisse Group started coverage on Stifel Financial in a report on Monday, June 22nd. They set a “neutral” rating and a $52.00 price target for the company. ValuEngine cut Stifel Financial from a “hold” rating to a “sell” rating in a report on Thursday, April 2nd. Finally, Wells Fargo & Co cut Stifel Financial from an “equal weight” rating to an “underweight” rating and set a $40.00 price target for the company. in a report on Monday, May 18th.
Shares of SF traded down $1.81 during mid-day trading on Thursday, reaching $45.41. The company’s stock had a trading volume of 27,571 shares, compared to its average volume of 461,071. Stifel Financial has a 1-year low of $31.13 and a 1-year high of $69.10. The stock has a market cap of $3.14 billion, a P/E ratio of 8.84 and a beta of 1.72. The business has a 50-day simple moving average of $48.05 and a two-hundred day simple moving average of $51.75. The company has a current ratio of 0.74, a quick ratio of 0.70 and a debt-to-equity ratio of 0.63.
Stifel Financial (NYSE:SF) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.37 by ($0.17). Stifel Financial had a net margin of 12.52% and a return on equity of 14.73%. The business had revenue of $913.00 million during the quarter, compared to analyst estimates of $845.96 million. During the same period in the previous year, the business earned $1.32 earnings per share. The business’s quarterly revenue was up 18.6% on a year-over-year basis.
The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a $0.17 dividend. The ex-dividend date was Friday, May 29th. This represents a $0.68 annualized dividend and a dividend yield of 1.50%.
In other news, Director John P. Dubinsky sold 4,000 shares of Stifel Financial stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $46.19, for a total value of $184,760.00. Following the transaction, the director now owns 21,681 shares in the company, valued at approximately $1,001,445.39. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John P. Dubinsky sold 3,000 shares of Stifel Financial stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $48.04, for a total value of $144,120.00. Following the completion of the transaction, the director now owns 21,681 shares in the company, valued at approximately $1,041,555.24. The disclosure for this sale can be found here. Company insiders own 3.71% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Harbor Investment Advisory LLC acquired a new position in Stifel Financial during the 1st quarter worth about $34,000. Quantbot Technologies LP acquired a new position in Stifel Financial during the 4th quarter worth about $63,000. Ladenburg Thalmann Financial Services Inc. lifted its holdings in Stifel Financial by 20.6% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,368 shares of the financial services provider’s stock worth $83,000 after buying an additional 234 shares during the period. Meeder Asset Management Inc. lifted its holdings in Stifel Financial by 240.6% during the 1st quarter. Meeder Asset Management Inc. now owns 2,258 shares of the financial services provider’s stock worth $93,000 after buying an additional 1,595 shares during the period. Finally, FDx Advisors Inc. acquired a new position in Stifel Financial during the 1st quarter worth about $297,000. 81.79% of the stock is currently owned by institutional investors.
Stifel Financial Company Profile
Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States, the United Kingdom, rest of Europe, and Asia. The company operates through three segments: Global Wealth Management, Institutional Group, and Other.
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