Credit Suisse Group began coverage on shares of Stifel Financial (NYSE:SF) in a report issued on Monday morning, BenzingaRatingsTable reports. The brokerage issued a neutral rating and a $52.00 target price on the financial services provider’s stock.
A number of other analysts have also commented on SF. Wolfe Research lowered Stifel Financial from an outperform rating to a peer perform rating and reduced their target price for the stock from $49.00 to $45.00 in a report on Friday, May 1st. ValuEngine lowered Stifel Financial from a hold rating to a sell rating in a report on Thursday, April 2nd. Stifel Nicolaus lowered Stifel Financial from an equal weight rating to an underweight rating in a report on Monday, May 18th. Wells Fargo & Co lowered Stifel Financial from an equal weight rating to an underweight rating and set a $40.00 price objective for the company. in a report on Monday, May 18th. Finally, JMP Securities cut their price objective on Stifel Financial from $72.00 to $60.00 and set a market outperform rating for the company in a report on Thursday, April 9th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $49.25.
NYSE:SF opened at $47.79 on Monday. The business’s 50-day moving average price is $47.21 and its two-hundred day moving average price is $52.69. Stifel Financial has a twelve month low of $31.13 and a twelve month high of $69.10. The stock has a market cap of $3.24 billion, a P/E ratio of 8.95 and a beta of 1.68. The company has a quick ratio of 0.70, a current ratio of 0.74 and a debt-to-equity ratio of 0.63.
Stifel Financial (NYSE:SF) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.17). The business had revenue of $913.00 million during the quarter, compared to analysts’ expectations of $845.96 million. Stifel Financial had a return on equity of 14.73% and a net margin of 12.52%. The company’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.32 EPS.
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.68 annualized dividend and a yield of 1.42%.
In related news, Director John P. Dubinsky sold 3,000 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $48.04, for a total value of $144,120.00. Following the transaction, the director now owns 21,681 shares of the company’s stock, valued at $1,041,555.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director John P. Dubinsky sold 4,000 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $46.19, for a total value of $184,760.00. Following the completion of the transaction, the director now directly owns 21,681 shares in the company, valued at approximately $1,001,445.39. The disclosure for this sale can be found here. Corporate insiders own 3.71% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. First Trust Advisors LP lifted its holdings in Stifel Financial by 56.1% during the first quarter. First Trust Advisors LP now owns 50,096 shares of the financial services provider’s stock worth $2,643,000 after buying an additional 18,008 shares during the period. Acadian Asset Management LLC lifted its holdings in Stifel Financial by 64.9% during the fourth quarter. Acadian Asset Management LLC now owns 19,133 shares of the financial services provider’s stock worth $1,161,000 after buying an additional 7,533 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Stifel Financial by 200.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,796 shares of the financial services provider’s stock valued at $170,000 after purchasing an additional 1,865 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Stifel Financial during the 4th quarter valued at $63,000. Finally, Bank of Montreal Can lifted its holdings in shares of Stifel Financial by 47.9% during the 4th quarter. Bank of Montreal Can now owns 180,309 shares of the financial services provider’s stock valued at $10,936,000 after purchasing an additional 58,395 shares during the last quarter. 81.79% of the stock is currently owned by 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, the United Kingdom, rest of Europe, and Asia. The company operates through three segments: Global Wealth Management, Institutional Group, and Other.
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