Stifel Financial Corporation (NYSE:SF) Receives $135.18 Average PT from Brokerages

Shares of Stifel Financial Corporation (NYSE:SF) have been assigned a consensus recommendation of “Hold” from the eleven brokerages that are presently covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $135.20.

A number of analysts recently issued reports on the company. Citizens Jmp boosted their price objective on Stifel Financial from $140.00 to $155.00 and gave the company a “market outperform” rating in a research note on Monday, January 12th. Wolfe Research reiterated an “outperform” rating and set a $149.00 price target on shares of Stifel Financial in a research report on Wednesday, January 7th. Zacks Research lowered shares of Stifel Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Stifel Financial in a report on Wednesday, January 21st. Finally, UBS Group set a $150.00 price target on shares of Stifel Financial and gave the company a “buy” rating in a report on Thursday, December 11th.

Insiders Place Their Bets

In other Stifel Financial news, insider David Rubulotta sold 400 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $124.31, for a total value of $49,724.00. Following the sale, the insider owned 992 shares of the company’s stock, valued at $123,315.52. This trade represents a 28.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.28% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SF. Advisory Services Network LLC bought a new stake in Stifel Financial during the third quarter valued at approximately $29,000. Activest Wealth Management lifted its holdings in shares of Stifel Financial by 12,000.0% during the 4th quarter. Activest Wealth Management now owns 242 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 240 shares during the last quarter. Pinnacle Holdings LLC purchased a new position in Stifel Financial in the third quarter worth $32,000. SJS Investment Consulting Inc. increased its stake in Stifel Financial by 2,383.3% in the third quarter. SJS Investment Consulting Inc. now owns 298 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 286 shares during the last quarter. Finally, HM Payson & Co. bought a new position in Stifel Financial in the third quarter valued at $37,000. 82.01% of the stock is currently owned by institutional investors.

Stifel Financial Price Performance

Shares of NYSE:SF opened at $119.77 on Tuesday. The firm has a market capitalization of $12.20 billion, a PE ratio of 20.37 and a beta of 1.13. The company has a quick ratio of 0.79, a current ratio of 0.84 and a debt-to-equity ratio of 0.28. The company has a 50-day moving average price of $126.80 and a two-hundred day moving average price of $120.00. Stifel Financial has a twelve month low of $73.27 and a twelve month high of $134.74.

Stifel Financial’s stock is going to split before the market opens on Friday, February 27th. The 3-2 split was announced on Tuesday, January 27th. The newly issued shares will be distributed to shareholders after the closing bell on Thursday, February 26th.

Stifel Financial (NYSE:SF) last released its quarterly earnings data on Wednesday, January 28th. The financial services provider reported $2.63 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.15. Stifel Financial had a net margin of 12.37% and a return on equity of 15.80%. The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.50 billion. Stifel Financial’s revenue was up 14.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.23 EPS. Equities analysts forecast that Stifel Financial will post 8.26 EPS for the current year.

Stifel Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be paid a dividend of $0.51 per share. This is a positive change from Stifel Financial’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Monday, March 2nd. Stifel Financial’s dividend payout ratio is 31.29%.

About Stifel Financial

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full‐service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research‐driven insights.

The firm’s main business activities are organized into two core segments: Private Client Group and Institutional Group.