Stifel Financial Corp. (NYSE:SF) Given Average Rating of “Hold” by Analysts

Shares of Stifel Financial Corp. (NYSE:SF) have been given a consensus rating of “Hold” by the eight ratings firms that are covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $107.14.

SF has been the topic of a number of analyst reports. Citigroup boosted their price objective on Stifel Financial from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. StockNews.com downgraded shares of Stifel Financial from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. Wells Fargo & Company reduced their price objective on shares of Stifel Financial from $130.00 to $128.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. JMP Securities increased 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. Finally, The Goldman Sachs Group upped their price target on shares of Stifel Financial from $85.00 to $94.00 and gave the stock a “neutral” rating in a report on Thursday, September 26th.

Insider Buying and Selling

In related news, COO David D. Sliney sold 25,000 shares of Stifel Financial stock in a transaction 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 transaction, the chief operating officer now owns 159,619 shares in the company, valued at $18,544,535.42. This trade represents a 13.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.57% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Stifel Financial

Hedge funds and other institutional investors have recently modified their holdings of the stock. CIBC Asset Management Inc raised its holdings in Stifel Financial by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 3,019 shares of the financial services provider’s stock valued at $283,000 after buying an additional 102 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Stifel Financial by 27.7% in the third 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. Tributary Capital Management LLC raised its stake in shares of Stifel Financial by 1.0% during the third quarter. Tributary Capital Management LLC now owns 12,603 shares of the financial services provider’s stock valued at $1,183,000 after acquiring an additional 126 shares during the last quarter. CWM LLC boosted its holdings in shares of Stifel Financial by 3.8% during the third quarter. CWM LLC now owns 3,940 shares of the financial services provider’s stock worth $370,000 after purchasing an additional 145 shares during the period. Finally, Versant Capital Management Inc grew its stake in shares of Stifel Financial by 46.5% in the fourth quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 145 shares during the last quarter. Institutional investors own 82.01% of the company’s stock.

Stifel Financial Price Performance

Shares of NYSE:SF opened at $113.87 on Monday. The company has a 50-day moving average price of $110.78 and a two-hundred day moving average price of $97.75. Stifel Financial has a twelve month low of $68.40 and a twelve month high of $119.12. 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 firm has a market capitalization of $11.65 billion, a PE ratio of 20.59 and a beta of 1.11.

Stifel Financial (NYSE:SF) last released 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 business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Stifel Financial had a net margin of 12.98% and a return on equity of 14.92%. The firm’s quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.60 earnings per share. Equities analysts forecast that Stifel Financial will post 6.53 EPS for the current year.

Stifel Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a dividend of $0.42 per share. The ex-dividend date was Monday, December 2nd. This represents a $1.68 annualized dividend and a dividend yield of 1.48%. Stifel Financial’s dividend payout ratio (DPR) is presently 30.38%.

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.