Zacks Investment Research upgraded shares of Stifel (NYSE:SF) from a hold rating to a buy rating in a research note issued to investors on Wednesday, March 14th. Zacks Investment Research currently has $76.00 price objective on the financial services provider’s stock.
According to Zacks, “Stifel Financial Corp. is a holding company for Stifel Nicolaus & Company, Incorporated. “
A number of other equities analysts also recently commented on SF. ValuEngine raised shares of Stifel from a hold rating to a buy rating in a report on Wednesday, March 7th. Nomura raised shares of Stifel from a neutral rating to a buy rating and lifted their price target for the company from $58.00 to $77.00 in a report on Wednesday, January 3rd. Wells Fargo lifted their price target on shares of Stifel from $71.00 to $72.00 and gave the stock an outperform rating in a research report on Wednesday, January 31st. Instinet upgraded shares of Stifel from a neutral rating to a buy rating in a research report on Wednesday, January 3rd. Finally, Goldman Sachs upgraded shares of Stifel from a neutral rating to a buy rating and boosted their price objective for the company from $56.00 to $77.00 in a report on Monday, January 8th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $71.20.
Stifel (NYSE:SF) opened at $63.47 on Wednesday. Stifel has a 12 month low of $41.93 and a 12 month high of $68.76. The company has a quick ratio of 0.62, a current ratio of 0.69 and a debt-to-equity ratio of 0.85. The stock has a market cap of $4,554.63, a price-to-earnings ratio of 15.85, a P/E/G ratio of 1.04 and a beta of 1.67.
Stifel (NYSE:SF) last posted its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.55. The company had revenue of $804.10 million for the quarter, compared to analyst estimates of $745.44 million. Stifel had a net margin of 6.25% and a return on equity of 12.04%. The business’s quarterly revenue was up 21.6% on a year-over-year basis. During the same period last year, the business posted $0.68 EPS. equities analysts anticipate that Stifel will post 5.1 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st were paid a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.48 dividend on an annualized basis and a yield of 0.76%. This is a positive change from Stifel’s previous quarterly dividend of $0.10. Stifel’s payout ratio is presently 22.43%.
In other Stifel news, Vice Chairman Ben A. Plotkin sold 9,012 shares of Stifel stock in a transaction that occurred on 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 document filed with the SEC, which is available at this hyperlink. Insiders own 3.60% of the company’s stock.
Several hedge funds have recently made changes to their positions in SF. Public Employees Retirement System of Ohio lifted its position in shares of Stifel by 5.0% in the second quarter. Public Employees Retirement System of Ohio now owns 2,379 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 113 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in Stifel during the fourth quarter worth $125,000. Cubist Systematic Strategies LLC bought a new stake in Stifel during the third quarter worth $137,000. MML Investors Services LLC bought a new stake in Stifel during the fourth quarter worth $216,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Stifel by 47.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,796 shares of the financial services provider’s stock worth $226,000 after acquiring an additional 1,226 shares in the last quarter. 86.00% of the stock is currently owned by institutional investors and hedge funds.
Stifel Company Profile
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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