Stifel Financial Corp. (NYSE:SF) Receives $105.57 Average Target Price from Analysts

Stifel Financial Corp. (NYSE:SF) has been assigned an average rating of “Hold” from the eight research firms that are presently covering the company, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $105.57.

SF has been the topic of several recent research reports. JPMorgan Chase & Co. started coverage on Stifel Financial in a report on Tuesday, December 10th. They set a “neutral” rating and a $120.00 price target on the stock. StockNews.com lowered shares of Stifel Financial from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. JMP Securities lifted their price target 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. TD Cowen increased their price objective on shares of Stifel Financial from $100.00 to $105.00 and gave the company a “hold” rating in a research report on Thursday, October 24th. Finally, Wells Fargo & Company raised their price objective on shares of Stifel Financial from $113.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th.

Stifel Financial Stock Up 2.2 %

SF stock opened at $104.49 on Thursday. 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 stock has a market capitalization of $10.69 billion, a PE ratio of 18.90 and a beta of 1.08. The firm has a 50 day moving average of $109.42 and a 200 day moving average of $93.84. Stifel Financial has a 52 week low of $66.64 and a 52 week high of $119.12.

Stifel Financial (NYSE:SF) last issued its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 EPS for the quarter, missing the consensus estimate of $1.60 by ($0.10). Stifel Financial had a net margin of 12.98% and a return on equity of 14.92%. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the prior year, the business earned $0.60 EPS. The business’s quarterly revenue was up 17.2% on a year-over-year basis. Sell-side analysts forecast that Stifel Financial will post 6.5 earnings per share for the current year.

Stifel Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a dividend of $0.42 per share. The ex-dividend date was Monday, December 2nd. This represents a $1.68 annualized dividend and a yield of 1.61%. Stifel Financial’s dividend payout ratio is currently 30.38%.

Insider Activity at Stifel Financial

In other news, COO David D. Sliney sold 25,000 shares of Stifel Financial stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $116.18, for a total transaction of $2,904,500.00. Following the sale, the chief operating officer now owns 159,619 shares in the company, valued at approximately $18,544,535.42. The trade was a 13.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.57% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SF. Waldron Private Wealth LLC purchased a new position in Stifel Financial during the 3rd quarter worth $34,000. GAMMA Investing LLC increased its position in Stifel Financial by 27.7% in the 3rd quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 109 shares during the period. Rothschild Investment LLC purchased a new stake in Stifel Financial during the 2nd quarter valued at approximately $64,000. UMB Bank n.a. lifted its position in Stifel Financial by 36.6% during the 3rd quarter. UMB Bank n.a. now owns 870 shares of the financial services provider’s stock worth $82,000 after acquiring an additional 233 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in shares of Stifel Financial by 148.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,201 shares of the financial services provider’s stock valued at $113,000 after purchasing an additional 717 shares during the last quarter. Hedge funds and other institutional investors own 82.01% of the company’s stock.

About Stifel Financial

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.