Stifel Financial Corp. (NYSE:SF) Given Average Recommendation of “Hold” by Brokerages

Shares of Stifel Financial Corp. (NYSE:SF) have received a consensus recommendation of “Hold” from the eight brokerages that are covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $117.71.

Several research firms recently weighed in on SF. UBS Group upped their price target on Stifel Financial from $116.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Citigroup boosted their target price on Stifel Financial from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. TD Cowen boosted their target price on Stifel Financial from $100.00 to $105.00 and gave the company a “hold” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. initiated coverage on Stifel Financial in a research note on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 target price on the stock. Finally, JMP Securities boosted their target price on Stifel Financial from $125.00 to $135.00 and gave the company a “market outperform” rating in a research note on Thursday, January 30th.

Hedge Funds Weigh In On Stifel Financial

Several large investors have recently added to or reduced their stakes in SF. FMR LLC lifted its position in shares of Stifel Financial by 8.5% in the 4th quarter. FMR LLC now owns 8,628,832 shares of the financial services provider’s stock worth $915,346,000 after acquiring an additional 672,420 shares during the period. State Street Corp lifted its position in shares of Stifel Financial by 1.0% in the 3rd quarter. State Street Corp now owns 3,122,342 shares of the financial services provider’s stock worth $293,188,000 after acquiring an additional 31,101 shares during the period. Wellington Management Group LLP lifted its position in shares of Stifel Financial by 32.2% in the 4th quarter. Wellington Management Group LLP now owns 2,588,964 shares of the financial services provider’s stock worth $274,637,000 after acquiring an additional 630,255 shares during the period. Stifel Financial Corp lifted its position in shares of Stifel Financial by 1.5% in the 3rd quarter. Stifel Financial Corp now owns 2,279,267 shares of the financial services provider’s stock worth $214,023,000 after acquiring an additional 33,953 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Stifel Financial by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,696,605 shares of the financial services provider’s stock worth $159,355,000 after acquiring an additional 20,110 shares during the period. Institutional investors and hedge funds own 82.01% of the company’s stock.

Stifel Financial Stock Up 0.8 %

Shares of Stifel Financial stock opened at $108.87 on Friday. The stock’s fifty day moving average is $110.18 and its 200-day moving average is $101.41. The firm has a market capitalization of $11.14 billion, a PE ratio of 17.45 and a beta of 1.11. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. Stifel Financial has a 12-month low of $72.78 and a 12-month high of $120.64.

Stifel Financial (NYSE:SF) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.27. Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. Equities analysts anticipate that Stifel Financial will post 8.26 earnings per share for the current year.

Stifel Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a dividend of $0.46 per share. This is an increase from Stifel Financial’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.84 annualized dividend and a yield of 1.69%. Stifel Financial’s dividend payout ratio is presently 26.92%.

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.