Stifel Financial (NYSE:SF) Rating Lowered to Hold at StockNews.com

StockNews.com cut shares of Stifel Financial (NYSE:SF) from a buy rating to a hold rating in a research report sent to investors on Friday.

SF has been the subject of several other reports. JMP Securities reissued a market outperform rating and issued a $105.00 target price on shares of Stifel Financial in a report on Monday, September 9th. TD Cowen increased their price objective on shares of Stifel Financial from $85.00 to $88.00 and gave the company a hold rating in a report on Thursday, July 25th. Wolfe Research lowered shares of Stifel Financial from an outperform rating to a peer perform rating in a report on Monday, July 22nd. Finally, Wells Fargo & Company initiated coverage on shares of Stifel Financial in a report on Thursday, September 12th. They set an overweight rating and a $101.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Hold and a consensus target price of $90.40.

Stifel Financial Trading Down 0.1 %

Stifel Financial stock opened at $92.41 on Friday. The firm has a 50 day moving average of $85.29 and a 200 day moving average of $81.40. The firm has a market capitalization of $9.47 billion, a price-to-earnings ratio of 21.00 and a beta of 1.09. Stifel Financial has a 12-month low of $54.81 and a 12-month high of $93.25. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 0.38.

Stifel Financial (NYSE:SF) last released its earnings results on Wednesday, July 24th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.06. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion. Stifel Financial had a net margin of 11.59% and a return on equity of 13.24%. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.20 EPS. As a group, research analysts predict that Stifel Financial will post 6.55 earnings per share for the current year.

Stifel Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date was Tuesday, September 3rd. Stifel Financial’s dividend payout ratio (DPR) is presently 38.18%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets lifted its position in Stifel Financial by 7.2% in the fourth quarter. BNP Paribas Financial Markets now owns 7,036 shares of the financial services provider’s stock worth $487,000 after buying an additional 471 shares during the last quarter. Norges Bank bought a new stake in Stifel Financial in the fourth quarter worth $84,369,000. Quest Partners LLC bought a new stake in Stifel Financial in the fourth quarter worth $496,000. Assetmark Inc. lifted its position in Stifel Financial by 30.5% in the fourth quarter. Assetmark Inc. now owns 12,172 shares of the financial services provider’s stock worth $842,000 after buying an additional 2,844 shares during the last quarter. Finally, HCR Wealth Advisors bought a new stake in Stifel Financial in the fourth quarter worth $211,000. 82.01% of the stock is owned by hedge funds and other institutional investors.

Stifel Financial Company Profile

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.