TD Cowen Reaffirms “Hold” Rating for Stifel Financial (NYSE:SF)

TD Cowen restated their hold rating on shares of Stifel Financial (NYSE:SFFree Report) in a report released on Monday, Marketbeat.com reports. They currently have a $89.00 target price on the financial services provider’s stock, down from their prior target price of $94.00.

A number of other equities research analysts have also issued reports on the company. StockNews.com lowered Stifel Financial from a strong-buy rating to a buy rating in a research note on Thursday, May 9th. Citigroup raised their price objective on Stifel Financial from $74.00 to $80.00 and gave the company a neutral rating in a research note on Thursday, April 11th. Finally, JMP Securities restated a market outperform rating and set a $88.00 price objective on shares of Stifel Financial in a research note on Tuesday, April 9th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Stifel Financial presently has an average rating of Hold and a consensus price target of $83.75.

Read Our Latest Research Report on SF

Stifel Financial Stock Performance

NYSE SF opened at $83.30 on Monday. Stifel Financial has a fifty-two week low of $54.81 and a fifty-two week high of $85.25. The stock has a market cap of $8.53 billion, a price-to-earnings ratio of 18.93 and a beta of 1.11. The business has a fifty day moving average of $81.26 and a 200-day moving average of $76.77. 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 (NYSE:SFGet Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.13). The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Stifel Financial had a net margin of 11.34% and a return on equity of 12.40%. Stifel Financial’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.40 EPS. As a group, analysts predict that Stifel Financial will post 7.04 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were given a dividend of $0.42 per share. The ex-dividend date was Monday, June 3rd. This represents a $1.68 dividend on an annualized basis and a yield of 2.02%. Stifel Financial’s payout ratio is 38.18%.

Insider Activity at Stifel Financial

In other Stifel Financial news, Director David A. Peacock sold 13,000 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $79.90, for a total value of $1,038,700.00. Following the completion of the sale, the director now owns 18,646 shares of the company’s stock, valued at $1,489,815.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 4.57% of the company’s stock.

Hedge Funds Weigh In On Stifel Financial

A number of institutional investors have recently made changes to their positions in the business. Meritage Portfolio Management increased its stake in Stifel Financial by 48.3% during the fourth quarter. Meritage Portfolio Management now owns 6,779 shares of the financial services provider’s stock valued at $469,000 after acquiring an additional 2,207 shares during the period. Knights of Columbus Asset Advisors LLC increased its stake in Stifel Financial by 94.6% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 76,224 shares of the financial services provider’s stock valued at $5,271,000 after acquiring an additional 37,047 shares during the period. Quadrature Capital Ltd bought a new position in Stifel Financial during the fourth quarter valued at about $649,000. Van ECK Associates Corp increased its stake in Stifel Financial by 36.5% during the first quarter. Van ECK Associates Corp now owns 35,083 shares of the financial services provider’s stock valued at $2,742,000 after acquiring an additional 9,384 shares during the period. Finally, Axiom Investors LLC DE increased its stake in Stifel Financial by 248.2% during the fourth quarter. Axiom Investors LLC DE now owns 106,725 shares of the financial services provider’s stock valued at $7,380,000 after acquiring an additional 76,075 shares during the period. 82.01% of the stock is currently owned by institutional investors.

Stifel Financial Company Profile

(Get Free Report)

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.

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