Zacks Investment Research downgraded shares of Stifel Financial (NYSE:SF) from a buy rating to a hold rating in a research note released on Tuesday morning.
According to Zacks, “Stifel Financial Corp. is a holding company for Stifel Nicolaus & Company, Incorporated. “
Get Stifel Financial alerts:Separately, ValuEngine cut Stifel Financial from a hold rating to a sell rating in a report on Monday, July 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. Stifel Financial currently has an average rating of Hold and an average price target of $74.00.
NYSE SF opened at $52.55 on Tuesday. The firm has a market cap of $3.70 billion, a PE ratio of 13.17, a price-to-earnings-growth ratio of 0.85 and a beta of 1.73. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.70 and a quick ratio of 0.63. Stifel Financial has a twelve month low of $44.44 and a twelve month high of $68.76.
Stifel Financial (NYSE:SF) last released its quarterly earnings results on Monday, April 30th. The financial services provider reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.07. The business had revenue of $750.36 million during the quarter, compared to analysts’ expectations of $734.84 million. Stifel Financial had a return on equity of 13.14% and a net margin of 6.87%. The company’s revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.74 EPS. equities analysts expect that Stifel Financial will post 5.05 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 15th. Investors of record on Friday, June 1st were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.91%. The ex-dividend date was Thursday, May 31st. Stifel Financial’s payout ratio is 12.03%.
In related news, Director Robert Edward Grady sold 5,000 shares of the stock in a transaction dated Tuesday, May 8th. The stock was sold at an average price of $60.15, for a total transaction of $300,750.00. Following the transaction, the director now owns 5,828 shares of the company’s stock, valued at approximately $350,554.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 5.09% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Mount Yale Investment Advisors LLC acquired a new position in Stifel Financial during the 1st quarter worth about $117,000. Private Capital Group LLC lifted its stake in Stifel Financial by 11,810.0% during the 1st quarter. Private Capital Group LLC now owns 2,382 shares of the financial services provider’s stock worth $141,000 after acquiring an additional 2,362 shares in the last quarter. Quantbot Technologies LP lifted its stake in Stifel Financial by 187.0% during the 1st quarter. Quantbot Technologies LP now owns 2,853 shares of the financial services provider’s stock worth $168,000 after acquiring an additional 1,859 shares in the last quarter. MML Investors Services LLC acquired a new position in Stifel Financial during the 4th quarter worth about $216,000. Finally, Zeke Capital Advisors LLC acquired a new position in Stifel Financial during the 4th quarter worth about $247,000. 86.99% of the stock is currently owned by hedge funds and other institutional investors.
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, and rest of Europe. The company operates through three segments: Global Wealth Management, Institutional Group, and Other.
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