Stifel Financial (SF) Lifted to “Buy” at ValuEngine
ValuEngine upgraded shares of Stifel Financial (NYSE:SF) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning.
A number of other equities analysts also recently commented on SF. Zacks Investment Research downgraded shares of Stifel Financial from a buy rating to a hold rating in a research note on Thursday, January 4th. Nomura upgraded shares of Stifel Financial from a neutral rating to a buy rating and increased their price objective for the stock from $58.00 to $77.00 in a research note on Wednesday, January 3rd. Wells Fargo & Co increased their price objective on shares of Stifel Financial from $71.00 to $72.00 and gave the stock an outperform rating in a research note on Wednesday, January 31st. Instinet upgraded shares of Stifel Financial from a neutral rating to a buy rating in a research note on Wednesday, January 3rd. Finally, Goldman Sachs Group upgraded shares of Stifel Financial from a neutral rating to a buy rating and increased their price objective for the stock from $56.00 to $77.00 in a research note on Monday, January 8th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of Buy and a consensus price target of $67.67.
Stifel Financial (NYSE:SF) opened at $67.71 on Wednesday. The firm has a market cap of $4,865.03, a price-to-earnings ratio of 16.93, a P/E/G ratio of 1.11 and a beta of 1.67. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.62. Stifel Financial has a one year low of $41.93 and a one year high of $68.76.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.71%. This is an increase from Stifel Financial’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Wednesday, February 28th. Stifel Financial’s dividend payout ratio is currently 22.43%.
In other news, Vice Chairman Ben A. Plotkin sold 9,012 shares of the company’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $63.30, for a total value of $570,459.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.60% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Stifel Financial in the 4th quarter valued at about $125,000. Public Employees Retirement System of Ohio raised its holdings in shares of Stifel Financial by 5.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,379 shares of the financial services provider’s stock valued at $109,000 after purchasing an additional 113 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of Stifel Financial in the 3rd quarter valued at about $137,000. MML Investors Services LLC bought a new stake in shares of Stifel Financial in the 4th quarter valued at about $216,000. Finally, Cornerstone Wealth Management LLC bought a new stake in shares of Stifel Financial in the 4th quarter valued at about $236,000. 85.21% of the stock is currently owned by institutional investors.
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About Stifel Financial
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. It operates through three segments: Global Wealth Management, Institutional Group and Other. The Global Wealth Management segment consists of the Private Client Group and Stifel Bank businesses.
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