Stifel Financial Corp. (NYSE:SF) Receives $41.00 Average Price Target from Analysts
Shares of Stifel Financial Corp. (NYSE:SF) have been given a consensus rating of “Hold” by the seven ratings firms that are covering the firm. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $41.00.
A number of analysts recently weighed in on SF shares. Zacks Investment Research raised shares of Stifel Financial Corp. from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research report on Wednesday, June 8th. Nomura reissued a “buy” rating on shares of Stifel Financial Corp. in a research report on Monday, July 11th. Finally, Macquarie increased their price objective on shares of Stifel Financial Corp. from $39.00 to $44.00 and gave the stock an “outperform” rating in a research report on Friday, September 9th.
In other news, Director Allen Brautigam sold 2,725 shares of the stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $36.94, for a total transaction of $100,661.50. Following the transaction, the director now directly owns 35,268 shares in the company, valued at $1,302,799.92. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.14% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in SF. Victory Capital Management Inc. increased its position in Stifel Financial Corp. by 83,190.2% in the second quarter. Victory Capital Management Inc. now owns 1,140,243 shares of the financial services provider’s stock worth $35,860,000 after buying an additional 1,138,874 shares in the last quarter. Boston Partners acquired a new position in Stifel Financial Corp. during the second quarter worth about $25,224,000. Prudential Financial Inc. increased its position in Stifel Financial Corp. by 192.6% in the first quarter. Prudential Financial Inc. now owns 775,754 shares of the financial services provider’s stock worth $22,962,000 after buying an additional 510,600 shares in the last quarter. Fairpointe Capital LLC acquired a new position in Stifel Financial Corp. during the first quarter worth about $10,606,000. Finally, Channing Capital Management LLC increased its position in Stifel Financial Corp. by 47.7% in the second quarter. Channing Capital Management LLC now owns 910,231 shares of the financial services provider’s stock worth $28,627,000 after buying an additional 293,838 shares in the last quarter. Hedge funds and other institutional investors own 85.21% of the company’s stock.
Stifel Financial Corp. (NYSE:SF) opened at 39.04 on Friday. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of 46.31 and a beta of 1.66. The stock’s 50 day moving average is $38.19 and its 200 day moving average is $34.56. Stifel Financial Corp. has a 12-month low of $25.00 and a 12-month high of $47.17.
Stifel Financial Corp. (NYSE:SF) last posted its quarterly earnings data on Tuesday, August 2nd. The financial services provider reported $0.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.11. Stifel Financial Corp. had a net margin of 2.67% and a return on equity of 6.52%. The company had revenue of $652.10 million for the quarter, compared to analyst estimates of $615.82 million. During the same period in the prior year, the company posted $0.71 EPS. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. Equities analysts predict that Stifel Financial Corp. will post $2.54 earnings per share for the current fiscal year.
About Stifel Financial Corp.
Stifel Financial Corp. is a financial holding company. Its principal subsidiary is Stifel, Nicolaus & Company, Incorporated, a retail and institutional wealth management and investment banking firm. Its principal activities are private client services, including securities transaction and financial planning services; institutional equity and fixed income sales, trading, research and municipal finance; investment banking services, including mergers and acquisitions, public offerings and private placements, and retail and commercial banking, including personal and commercial lending programs.
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