Stifel Financial Corporation (NYSE:SF) Stock Has Consensus Price Target of $85.71 According to Brokerages

Shares of Stifel Financial Corporation (NYSE:SF) have been given an average recommendation of “Hold” by the nine brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $85.71.

A number of brokerages have commented on SF. TD Cowen reduced their price objective on Stifel Financial from $84.00 to $78.00 and set a “hold” rating on the stock in a research note on Monday, October 12th. Wall Street Zen cut shares of Stifel Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. BMO Capital Markets lowered their target price on Stifel Financial from $85.00 to $75.00 and set a “market perform” rating for the company in a research note on Tuesday, October 6th. UBS Group set a $83.00 target price on Stifel Financial and gave the stock a “buy” rating in a research report on Thursday, October 22nd. Finally, Zacks Research cut Stifel Financial from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 22nd.

Hedge Funds Weigh In On Stifel Financial

Several institutional investors and hedge funds have recently made changes to their positions in SF. BlackRock Inc. bought a new position in shares of Stifel Financial in the 2nd quarter worth about $1,031,197,000. Dimensional Fund Advisors LP grew its position in shares of Stifel Financial by 51.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,616,616 shares of the financial services provider’s stock valued at $193,403,000 after buying an additional 890,810 shares during the last quarter. Bank of America Corp DE grew its position in shares of Stifel Financial by 58.7% during the 1st quarter. Bank of America Corp DE now owns 1,875,501 shares of the financial services provider’s stock valued at $138,637,000 after buying an additional 693,437 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Stifel Financial by 40.6% during the 1st quarter. Bank of New York Mellon Corp now owns 1,367,474 shares of the financial services provider’s stock valued at $101,084,000 after buying an additional 394,863 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in Stifel Financial by 48.5% during the first quarter. Principal Financial Group Inc. now owns 1,075,067 shares of the financial services provider’s stock worth $79,469,000 after acquiring an additional 351,146 shares during the period. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

Stifel Financial Stock Performance

Stifel Financial stock opened at $67.19 on Friday. Stifel Financial has a 12 month low of $65.40 and a 12 month high of $89.83. The stock’s 50-day moving average is $74.21 and its 200-day moving average is $76.58.

Stifel Financial (NYSE:SF) last released its quarterly earnings data on Wednesday, October 21st. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.02. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the prior year, the firm earned $1.95 earnings per share. Stifel Financial’s quarterly revenue was down .2% compared to the same quarter last year. Sell-side analysts expect that Stifel Financial will post 6.08 EPS for the current year.

Stifel Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were issued a dividend of $0.34 per share. The ex-dividend date was Tuesday, September 1st. This represents a $1.36 annualized dividend and a yield of 2.0%.

Stifel Financial Company Profile

Stifel Financial Corp. is a financial services holding company headquartered in St. Louis, Missouri. Through its principal operating subsidiaries, including Stifel, Nicolaus & Company, Incorporated, the company provides wealth management, investment banking, securities brokerage and related financial services to individual investors, corporations, municipalities and institutional clients.

Its wealth management business offers investment advice, brokerage services, financial planning, banking and lending solutions, and access to a range of investment products.