Stifel Financial (NYSE:SF) Downgraded to “Hold” at StockNews.com

StockNews.com cut shares of Stifel Financial (NYSE:SF) from a buy rating to a hold rating in a report issued on Thursday.

Several other analysts also recently issued reports on the company. Wolfe Research downgraded Stifel Financial from an outperform rating to a peer perform rating in a research note on Monday, July 22nd. TD Cowen upped their target price on Stifel Financial from $85.00 to $88.00 and gave the stock a hold rating in a research report on Thursday, July 25th. Finally, Citigroup lifted their price target on shares of Stifel Financial from $74.00 to $80.00 and gave the company a neutral rating in a research report on Thursday, April 11th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Hold and an average price target of $83.50.

Stifel Financial Price Performance

NYSE SF opened at $81.67 on Thursday. 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 stock has a market capitalization of $8.37 billion, a PE ratio of 18.56 and a beta of 1.11. Stifel Financial has a 12-month low of $54.81 and a 12-month high of $90.00. The company has a 50 day moving average price of $82.09 and a two-hundred day moving average price of $79.02.

Stifel Financial (NYSE:SF) last released its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.06. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion. Stifel Financial had a net margin of 11.59% and a return on equity of 13.33%. Stifel Financial’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.20 EPS. As a group, equities analysts predict that Stifel Financial will post 6.55 earnings per share for the current fiscal 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 given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Tuesday, September 3rd. Stifel Financial’s dividend payout ratio is currently 38.18%.

Hedge Funds Weigh In On Stifel Financial

Large investors have recently bought and sold shares of the stock. Versant Capital Management Inc lifted its position in shares of Stifel Financial by 1,818.8% in the 2nd quarter. Versant Capital Management Inc now owns 307 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 291 shares during the period. Fidelis Capital Partners LLC bought a new position in Stifel Financial in the first quarter worth $32,000. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Stifel Financial during the first quarter worth $33,000. Montag A & Associates Inc. increased its holdings in Stifel Financial by 336.2% in the 4th quarter. Montag A & Associates Inc. now owns 759 shares of the financial services provider’s stock valued at $52,000 after buying an additional 585 shares during the period. Finally, Bessemer Group Inc. increased its holdings in Stifel Financial by 388.3% in the 1st quarter. Bessemer Group Inc. now owns 796 shares of the financial services provider’s stock valued at $62,000 after buying an additional 633 shares during the period. 82.01% of the stock is currently owned by institutional investors and hedge funds.

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.