Shares of Stifel Financial Corp (NYSE:SF) have earned a consensus rating of “Hold” from the nine research firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $64.00.

Several analysts have recently issued reports on SF shares. Zacks Investment Research lowered shares of Stifel Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, August 6th. Goldman Sachs Group raised shares of Stifel Financial from a “neutral” rating to a “buy” rating and boosted their price target for the company from $55.00 to $70.00 in a research report on Thursday, May 9th. ValuEngine lowered shares of Stifel Financial from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, Compass Point started coverage on shares of Stifel Financial in a research report on Thursday, May 30th. They issued a “buy” rating and a $65.00 price target on the stock.

In related news, insider Victor Nesi sold 1,415 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $60.12, for a total transaction of $85,069.80. Following the sale, the insider now owns 179,910 shares of the company’s stock, valued at approximately $10,816,189.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John P. Dubinsky sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 19th. The stock was sold at an average price of $57.25, for a total transaction of $114,500.00. Following the sale, the director now directly owns 28,956 shares in the company, valued at approximately $1,657,731. The disclosure for this sale can be found here. Insiders have sold a total of 7,000 shares of company stock worth $414,670 in the last ninety days. 3.77% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC boosted its position in shares of Stifel Financial by 5.3% during the 1st quarter. Nisa Investment Advisors LLC now owns 4,000 shares of the financial services provider’s stock worth $211,000 after acquiring an additional 200 shares in the last quarter. Shine Investment Advisory Services Inc. raised its stake in shares of Stifel Financial by 50.6% during the first quarter. Shine Investment Advisory Services Inc. now owns 661 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 222 shares during the last quarter. NumerixS Investment Technologies Inc increased its stake in Stifel Financial by 75.0% in the second quarter. NumerixS Investment Technologies Inc now owns 700 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 300 shares in the last quarter. First Mercantile Trust Co. increased its stake in Stifel Financial by 14.1% in the second quarter. First Mercantile Trust Co. now owns 2,499 shares of the financial services provider’s stock valued at $148,000 after purchasing an additional 309 shares in the last quarter. Finally, LPL Financial LLC increased its stake in Stifel Financial by 6.5% in the second quarter. LPL Financial LLC now owns 5,704 shares of the financial services provider’s stock valued at $337,000 after purchasing an additional 347 shares in the last quarter. 86.44% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE SF traded up $0.08 during midday trading on Friday, hitting $51.30. The company’s stock had a trading volume of 2,793 shares, compared to its average volume of 454,894. The company’s fifty day simple moving average is $57.86. Stifel Financial has a one year low of $38.39 and a one year high of $61.94. The company has a quick ratio of 0.67, a current ratio of 0.74 and a debt-to-equity ratio of 0.69. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of 9.74, a price-to-earnings-growth ratio of 1.55 and a beta of 1.84.

Stifel Financial (NYSE:SF) last posted its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.07. Stifel Financial had a net margin of 13.73% and a return on equity of 14.73%. The company had revenue of $800.80 million for the quarter, compared to analyst estimates of $780.94 million. During the same quarter in the previous year, the firm posted $1.22 earnings per share. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. As a group, analysts expect that Stifel Financial will post 5.68 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Tuesday, September 3rd will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Friday, August 30th. Stifel Financial’s dividend payout ratio (DPR) is presently 11.36%.

About Stifel Financial

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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Analyst Recommendations for Stifel Financial (NYSE:SF)

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