Stifel Financial (NYSE:SF) Downgraded by StockNews.com to Hold

StockNews.com lowered shares of Stifel Financial (NYSE:SF) from a buy rating to a hold rating in a research report sent to investors on Thursday morning.

SF has been the subject of several other reports. TD Cowen upped their target price on shares of Stifel Financial from $85.00 to $88.00 and gave the company a hold rating in a research note on Thursday, July 25th. Citigroup upped their target price on shares of Stifel Financial from $74.00 to $80.00 and gave the company a neutral rating in a research note on Thursday, April 11th. Finally, Wolfe Research cut shares of Stifel Financial from an outperform rating to a peer perform rating in a research note on Monday, July 22nd. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Stifel Financial has an average rating of Hold and an average target price of $83.50.

Stifel Financial Stock Up 0.5 %

SF stock traded up $0.40 during trading hours on Thursday, hitting $81.64. The company’s stock had a trading volume of 481,311 shares, compared to its average volume of 608,325. The stock has a 50 day moving average price of $82.09 and a two-hundred day moving average price of $78.92. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 0.35. Stifel Financial has a 12 month low of $54.81 and a 12 month high of $90.00. The company has a market capitalization of $8.36 billion, a PE ratio of 18.55 and a beta of 1.11.

Stifel Financial (NYSE:SF) last issued its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.06. Stifel Financial had a net margin of 11.59% and a return on equity of 13.33%. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the previous year, the company earned $1.20 earnings per share. Stifel Financial’s revenue for the quarter was up 15.9% on a year-over-year basis. On average, equities research analysts expect that Stifel Financial will post 6.55 earnings per share for the current year.

Stifel Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Tuesday, September 3rd. Stifel Financial’s dividend payout ratio is currently 38.18%.

Institutional Investors Weigh In On Stifel Financial

Hedge funds have recently added to or reduced their stakes in the stock. Versant Capital Management Inc lifted its position in Stifel Financial by 1,818.8% during the 2nd quarter. Versant Capital Management Inc now owns 307 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 291 shares during the period. Fidelis Capital Partners LLC acquired a new position in Stifel Financial during the 1st quarter valued at about $32,000. Mitsubishi UFJ Trust & Banking Corp acquired a new position in Stifel Financial during the 1st quarter valued at about $33,000. Montag A & Associates Inc. lifted its position in Stifel Financial by 336.2% during the 4th quarter. Montag A & Associates Inc. now owns 759 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 585 shares during the period. Finally, Rothschild Investment LLC acquired a new position in Stifel Financial during the 2nd quarter valued at about $64,000. Institutional investors own 82.01% of the company’s stock.

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 and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.