Stifel Financial Corp. (NYSE:SF) Receives $83.50 Consensus Target Price from Analysts

Stifel Financial Corp. (NYSE:SF) has earned a consensus rating of “Hold” from the five research firms that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $83.50.

Several research analysts recently issued reports on the stock. Wolfe Research cut shares of Stifel Financial from an “outperform” rating to a “peer perform” rating in a report on Monday, July 22nd. StockNews.com cut Stifel Financial from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. Finally, TD Cowen upped their price objective on Stifel Financial from $85.00 to $88.00 and gave the stock a “hold” rating in a report on Thursday, July 25th.

Stifel Financial Stock Performance

NYSE SF opened at $84.88 on Friday. The company has a fifty day moving average of $82.84 and a two-hundred day moving average of $79.50. The company has a debt-to-equity ratio of 0.38, 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 $90.00. The company has a market capitalization of $8.70 billion, a PE ratio of 19.29 and a beta of 1.11.

Stifel Financial (NYSE:SF) last announced its earnings results on Wednesday, July 24th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.06. Stifel Financial had a net margin of 11.59% and a return on equity of 13.24%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the firm posted $1.20 earnings per share. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. As a group, analysts expect that Stifel Financial will post 6.55 earnings per share for the current year.

Stifel Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be issued a $0.42 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $1.68 annualized dividend and a yield of 1.98%. Stifel Financial’s dividend payout ratio (DPR) is presently 38.18%.

Hedge Funds Weigh In On Stifel Financial

Several large investors have recently added to or reduced their stakes in SF. International Assets Investment Management LLC purchased a new position in Stifel Financial during the fourth quarter worth approximately $139,000. Cerity Partners LLC purchased a new position in shares of Stifel Financial in the 4th quarter worth $268,000. Louisiana State Employees Retirement System acquired a new position in Stifel Financial in the fourth quarter valued at $1,978,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Stifel Financial by 6.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,460 shares of the financial services provider’s stock valued at $1,553,000 after acquiring an additional 1,281 shares during the last quarter. Finally, Federated Hermes Inc. grew its position in Stifel Financial by 1.3% during the fourth quarter. Federated Hermes Inc. now owns 52,699 shares of the financial services provider’s stock valued at $3,644,000 after acquiring an additional 687 shares during the period. 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.