Stifel Financial (SF) – Research Analysts’ Weekly Ratings Updates

A number of research firms have changed their ratings and price targets for Stifel Financial (NYSE: SF):

• 7/25/2024 – Stifel Financial had its price target raised by analysts at TD Cowen from $85.00 to $88.00. They now have a “hold” rating on the stock.
• 7/25/2024 – Stifel Financial was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 7/22/2024 – Stifel Financial was downgraded by analysts at Wolfe Research from an “outperform” rating to a “peer perform” rating.
• 7/17/2024 – Stifel Financial was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 7/9/2024 – Stifel Financial was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 7/8/2024 – Stifel Financial had its “hold” rating reaffirmed by analysts at TD Cowen. They now have a $89.00 price target on the stock, down previously from $94.00.

Stifel Financial Price Performance

NYSE:SF traded up $1.56 during trading hours on Friday, hitting $88.24. 611,193 shares of the stock traded hands, compared to its average volume of 605,565. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 0.35. Stifel Financial Corp. has a 1 year low of $54.81 and a 1 year high of $88.60. The company has a market cap of $9.04 billion, a price-to-earnings ratio of 20.05 and a beta of 1.11. The stock has a 50 day moving average price of $81.52 and a 200 day moving average price of $77.85.

Stifel Financial (NYSE:SF) last released its earnings results on Wednesday, July 24th. The financial services provider reported $1.60 EPS for the quarter, topping the consensus estimate of $1.54 by $0.06. Stifel Financial had a net margin of 11.59% and a return on equity of 13.33%. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the previous year, the firm earned $1.20 earnings per share. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. Sell-side analysts forecast that Stifel Financial Corp. will post 6.73 EPS for the current fiscal year.

Stifel Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.90%. The ex-dividend date was Monday, June 3rd. Stifel Financial’s dividend payout ratio is presently 38.18%.

Insider Buying and Selling

In related news, Director David A. Peacock sold 13,000 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $79.90, for a total value of $1,038,700.00. Following the sale, the director now owns 18,646 shares in the company, valued at $1,489,815.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.57% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Versant Capital Management Inc increased its position in Stifel Financial by 1,818.8% during the second quarter. Versant Capital Management Inc now owns 307 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 291 shares during the last quarter. Fidelis Capital Partners LLC bought a new position in Stifel Financial during the first quarter valued at $32,000. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of Stifel Financial in the first quarter worth about $33,000. Montag A & Associates Inc. grew its holdings in shares of Stifel Financial by 336.2% in the fourth quarter. Montag A & Associates Inc. now owns 759 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 585 shares during the last quarter. Finally, Bessemer Group Inc. grew its holdings in shares of Stifel Financial by 388.3% in the first quarter. Bessemer Group Inc. now owns 796 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 633 shares during the last quarter. Institutional investors own 82.01% of the company’s stock.

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.