Stifel Financial (NYSE:SF) Research Coverage Started at JPMorgan Chase & Co.

JPMorgan Chase & Co. assumed coverage on shares of Stifel Financial (NYSE:SF) in a research report report published on Tuesday morning, Marketbeat reports. The brokerage issued a neutral rating and a $120.00 target price on the financial services provider’s stock.

Other equities research analysts have also recently issued research reports about the company. TD Cowen increased their price target on Stifel Financial from $100.00 to $105.00 and gave the company a “hold” rating in a research note on Thursday, October 24th. Citigroup boosted their price target on shares of Stifel Financial from $90.00 to $102.00 and gave the stock a “neutral” rating in a research report on Friday, September 27th. JMP Securities lifted their target price on shares of Stifel Financial from $105.00 to $110.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 9th. StockNews.com cut shares of Stifel Financial from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Finally, Wells Fargo & Company lifted their target price on Stifel Financial from $113.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Stifel Financial has an average rating of “Hold” and a consensus target price of $105.57.

Stifel Financial Stock Performance

Stifel Financial stock opened at $111.52 on Tuesday. The stock has a market cap of $11.41 billion, a PE ratio of 20.17 and a beta of 1.08. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. The business’s 50-day moving average price is $108.23 and its two-hundred day moving average price is $92.64. Stifel Financial has a 12-month low of $64.58 and a 12-month high of $119.12.

Stifel Financial (NYSE:SF) last issued its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.10). The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.20 billion. Stifel Financial had a return on equity of 14.92% and a net margin of 12.98%. The company’s revenue was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.60 EPS. As a group, analysts expect that Stifel Financial will post 6.44 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.51%. The ex-dividend date is Monday, December 2nd. Stifel Financial’s dividend payout ratio is 30.38%.

Insider Transactions at Stifel Financial

In related news, COO David D. Sliney sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $116.18, for a total value of $2,904,500.00. Following the completion of the transaction, the chief operating officer now directly owns 159,619 shares of the company’s stock, valued at approximately $18,544,535.42. This trade represents a 13.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.57% of the stock is currently owned by company insiders.

Institutional Trading of Stifel Financial

Several institutional investors and hedge funds have recently bought and sold shares of the company. Cetera Advisors LLC bought a new position in shares of Stifel Financial in the first quarter worth approximately $265,000. SG Americas Securities LLC purchased a new stake in Stifel Financial in the second quarter worth approximately $1,543,000. Wealth Enhancement Advisory Services LLC grew its position in Stifel Financial by 21.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,093 shares of the financial services provider’s stock valued at $513,000 after acquiring an additional 1,065 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of Stifel Financial by 6.0% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 18,188 shares of the financial services provider’s stock worth $1,531,000 after acquiring an additional 1,024 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Stifel Financial by 268.6% in the 2nd quarter. Blue Trust Inc. now owns 8,798 shares of the financial services provider’s stock worth $688,000 after acquiring an additional 6,411 shares during the last quarter. 82.01% of the stock is currently owned by hedge funds and other 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 and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.