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

StockNews.com downgraded shares of Stifel Financial (NYSE:SF) from a buy rating to a hold rating in a research report report published on Tuesday.

SF has been the topic of several other reports. Citigroup boosted their price target on shares of Stifel Financial from $74.00 to $80.00 and gave the stock a neutral rating in a report on Thursday, April 11th. TD Cowen reissued a hold rating and issued a $89.00 price target (down from $94.00) on shares of Stifel Financial in a report on Monday, July 8th. Finally, JMP Securities restated a market outperform rating and set a $88.00 price objective on shares of Stifel Financial in a report on Tuesday, April 9th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus target price of $83.75.

Stifel Financial Price Performance

SF stock opened at $84.69 on Tuesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.84 and a quick ratio of 0.80. Stifel Financial has a 1 year low of $54.81 and a 1 year high of $85.72. The company’s 50-day moving average is $81.39 and its 200-day moving average is $76.93. The stock has a market capitalization of $8.68 billion, a PE ratio of 19.25 and a beta of 1.11.

Stifel Financial (NYSE:SF) last released its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.13). Stifel Financial had a net margin of 11.34% and a return on equity of 12.40%. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the firm posted $1.40 EPS. Stifel Financial’s revenue for the quarter was up 5.1% on a year-over-year basis. Equities research analysts expect that Stifel Financial will post 6.73 EPS for the current fiscal year.

Stifel Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $1.68 dividend on an annualized basis and a yield of 1.98%. Stifel Financial’s dividend payout ratio (DPR) is 38.18%.

Insider Buying and Selling at Stifel Financial

In other Stifel Financial news, Director David A. Peacock sold 13,000 shares of the firm’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $79.90, for a total value of $1,038,700.00. Following the completion of the transaction, the director now directly owns 18,646 shares of the company’s stock, valued at approximately $1,489,815.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 4.57% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its holdings in shares of 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 last quarter. Fidelis Capital Partners LLC purchased a new position in shares of Stifel Financial in the first quarter worth about $32,000. Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of Stifel Financial in the first quarter worth about $33,000. Montag A & Associates Inc. lifted its stake in shares of Stifel Financial by 336.2% in the 4th quarter. Montag A & Associates Inc. now owns 759 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 585 shares during the last quarter. Finally, Bruce G. Allen Investments LLC purchased a new stake in Stifel Financial during the 4th quarter valued at about $53,000. 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.