Stifel Financial (NYSE:SF) Downgraded to Peer Perform at Wolfe Research

Wolfe Research cut shares of Stifel Financial (NYSE:SF) from an outperform rating to a peer perform rating in a research report report published on Monday, Marketbeat reports.

A number of other analysts have also issued reports on the stock. Citigroup raised their target price on shares of Stifel Financial from $74.00 to $80.00 and gave the stock a neutral rating in a research report on Thursday, April 11th. JMP Securities reaffirmed a market outperform rating and issued a $88.00 price objective on shares of Stifel Financial in a research report on Tuesday, April 9th. StockNews.com upgraded Stifel Financial from a hold rating to a buy rating in a research note on Wednesday, July 17th. Finally, TD Cowen reissued a hold rating and issued a $89.00 price target (down from $94.00) on shares of Stifel Financial in a research note on Monday, July 8th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Stifel Financial currently has an average rating of Hold and an average price target of $83.50.

Stifel Financial Stock Up 2.5 %

Shares of NYSE:SF opened at $86.68 on Monday. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $8.88 billion, a P/E ratio of 19.82 and a beta of 1.11. Stifel Financial has a 52-week low of $54.81 and a 52-week high of $87.28. The stock’s fifty day simple moving average is $81.45 and its 200-day simple moving average is $77.79.

Stifel Financial (NYSE:SF) last released its earnings results on Wednesday, July 24th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.06. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. Stifel Financial had a net margin of 11.34% and a return on equity of 12.40%. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.20 EPS. As a group, equities research analysts forecast that Stifel Financial will post 6.73 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were paid a dividend of $0.42 per share. The ex-dividend date was Monday, June 3rd. This represents a $1.68 annualized dividend and a dividend yield of 1.94%. Stifel Financial’s dividend payout ratio is presently 38.18%.

Insider Transactions at Stifel Financial

In other news, Director David A. Peacock sold 13,000 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $79.90, for a total value of $1,038,700.00. Following the transaction, the director now directly owns 18,646 shares in the company, valued at approximately $1,489,815.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 4.57% of the company’s stock.

Institutional Investors Weigh In On Stifel Financial

Several large investors have recently made changes to their positions in SF. Norges Bank acquired a new position in shares of Stifel Financial during the fourth quarter worth about $84,369,000. Vanguard Group Inc. lifted its position in Stifel Financial by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 10,461,734 shares of the financial services provider’s stock worth $817,794,000 after acquiring an additional 391,384 shares in the last quarter. Earnest Partners LLC boosted its holdings in Stifel Financial by 7.0% in the 1st quarter. Earnest Partners LLC now owns 2,932,059 shares of the financial services provider’s stock worth $229,199,000 after acquiring an additional 191,896 shares during the period. Principal Financial Group Inc. grew its position in Stifel Financial by 12.8% in the first quarter. Principal Financial Group Inc. now owns 1,332,258 shares of the financial services provider’s stock valued at $104,143,000 after acquiring an additional 151,046 shares in the last quarter. Finally, Access Investment Management LLC acquired a new stake in Stifel Financial in the fourth quarter valued at approximately $9,840,000. Institutional investors and hedge funds 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.