Stifel Financial (NYSE:SF) Upgraded to “Hold” at BMO Capital Markets

BMO Capital Markets upgraded shares of Stifel Financial (NYSE:SF) to a hold rating in a research note released on Thursday,Zacks.com reports.

A number of other equities research analysts also recently commented on the company. Zacks Research downgraded Stifel Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, September 8th. Wall Street Zen raised Stifel Financial from a “sell” rating to a “hold” rating in a report on Sunday, August 3rd. Stifel Nicolaus set a $135.00 target price on Stifel Financial in a report on Thursday, July 31st. Citigroup raised Stifel Financial from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $115.00 to $135.00 in a report on Thursday, July 31st. Finally, JMP Securities lifted their target price on Stifel Financial from $120.00 to $130.00 and gave the stock a “market outperform” rating in a report on Monday, July 14th. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Stifel Financial currently has an average rating of “Hold” and a consensus target price of $116.30.

Stifel Financial Trading Down 0.7%

Stifel Financial stock opened at $111.29 on Thursday. The stock has a 50-day moving average of $113.51 and a two-hundred day moving average of $101.93. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 0.82. Stifel Financial has a one year low of $73.27 and a one year high of $120.64. The stock has a market cap of $11.37 billion, a PE ratio of 21.57 and a beta of 1.13.

Stifel Financial (NYSE:SF) last released its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.06. Stifel Financial had a return on equity of 13.93% and a net margin of 11.90%.The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period last year, the business posted $1.60 earnings per share. The firm’s revenue was up 5.4% compared to the same quarter last year. On average, research analysts anticipate that Stifel Financial will post 8.26 EPS for the current fiscal year.

Stifel Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.7%. The ex-dividend date was Tuesday, September 2nd. Stifel Financial’s dividend payout ratio (DPR) is currently 35.66%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. NBC Securities Inc. purchased a new position in Stifel Financial during the first quarter valued at approximately $26,000. Alpine Bank Wealth Management purchased a new position in Stifel Financial during the first quarter valued at approximately $27,000. Allworth Financial LP increased its position in shares of Stifel Financial by 67.7% in the first quarter. Allworth Financial LP now owns 337 shares of the financial services provider’s stock valued at $29,000 after buying an additional 136 shares in the last quarter. Hantz Financial Services Inc. increased its position in shares of Stifel Financial by 5,528.6% in the second quarter. Hantz Financial Services Inc. now owns 394 shares of the financial services provider’s stock valued at $41,000 after buying an additional 387 shares in the last quarter. Finally, Caldwell Trust Co purchased a new stake in shares of Stifel Financial in the second quarter valued at approximately $47,000. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

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.