Stifel Financial Corp. (NYSE:SF) Receives Consensus Recommendation of "Hold" from Analysts

Shares of Stifel Financial Corp. (NYSE:SF - Get Free Report) have been given an average rating of "Hold" by the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $105.50.

SF has been the topic of several analyst reports. Wolfe Research raised Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 target price on the stock in a report on Thursday. UBS Group boosted their price target on shares of Stifel Financial from $116.00 to $120.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Citigroup lowered their price target on shares of Stifel Financial from $125.00 to $105.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. The Goldman Sachs Group decreased their price objective on Stifel Financial from $121.00 to $105.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Stifel Financial from $123.00 to $100.00 and set a "neutral" rating for the company in a research report on Friday, April 11th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Peregrine Capital Management LLC boosted its holdings in Stifel Financial by 3.3% in the first quarter. Peregrine Capital Management LLC now owns 154,653 shares of the financial services provider's stock valued at $14,578,000 after purchasing an additional 5,012 shares in the last quarter. KBC Group NV lifted its position in Stifel Financial by 7.8% in the first quarter. KBC Group NV now owns 4,751 shares of the financial services provider's stock valued at $448,000 after acquiring an additional 344 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. acquired a new position in Stifel Financial in the first quarter valued at $1,648,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Stifel Financial by 11.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 84,400 shares of the financial services provider's stock valued at $8,001,000 after purchasing an additional 8,405 shares during the last quarter. Finally, Diversified Trust Co acquired a new stake in shares of Stifel Financial in the 1st quarter valued at about $1,112,000. Hedge funds and other institutional investors own 82.01% of the company's stock.

Stifel Financial Stock Performance

Stifel Financial stock traded down $0.01 during mid-day trading on Wednesday, reaching $85.73. 916,923 shares of the company traded hands, compared to its average volume of 679,634. Stifel Financial has a fifty-two week low of $73.27 and a fifty-two week high of $120.64. The firm's fifty day moving average is $93.19 and its two-hundred day moving average is $103.87. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78. The company has a market capitalization of $8.89 billion, a price-to-earnings ratio of 13.74 and a beta of 1.00.

Stifel Financial (NYSE:SF - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.49 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($1.12). The firm had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.32 billion. Stifel Financial had a net margin of 14.00% and a return on equity of 16.59%. During the same quarter in the previous year, the firm posted $1.49 EPS. On average, equities research analysts expect that Stifel Financial will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.15%. This is an increase from Stifel Financial's previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, March 3rd. Stifel Financial's payout ratio is 29.49%.

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.