In yesterday’s Wall Street session, Stifel Financial Corp. (NYSE:SF) shares traded at $58.04, down -2.40% from the previous session.
As of this writing, 6 analysts cover Stifel Financial Corp. (NYSE:SF). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $98.00 and a low of $60.00, we find $66.00. Given the previous closing price of $59.47, this indicates a potential upside of 10.98 percent. SF stock price is now -4.71% away from the 50-day moving average and -4.39% away from the 200-day moving average. The market capitalization of the company currently stands at $6.23B.
There are 4 analysts who have given it a hold rating, whereas 2 have given it a buy rating. Brokers who have rated the stock have averaged $73.40 as their price target over the next twelve months.
With the price target of $66, UBS recently initiated with Neutral rating for Stifel Financial Corp. (NYSE: SF). On October 12, 2022, Citigroup recently initiated its ‘Neutral’ rating on the stock quoting a target price of $60, while ‘Wolfe Research’ rates the stock as ‘Outperform’.
In other news, KRUSZEWSKI RONALD J, Chief Executive Officer bought 10,000 shares of the company’s stock on Apr 29. The stock was bought for $619,350 at an average price of $61.94. Upon completion of the transaction, the Chief Executive Officer now directly owns 1,311,325 shares in the company, valued at $76.11 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 01, Co-President Nesi Victor sold 10,000 shares of the business’s stock. A total of $717,400 was realized by selling the stock at an average price of $71.74. This leaves the insider owning 211,032 shares of the company worth $12.25 million. Insiders disposed of 202,838 shares of company stock worth roughly $11.77 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SF stock. A new stake in Stifel Financial Corp. shares was purchased by PHASE 2 PARTNERS, LLC during the first quarter worth $8,365,000. AMALGAMATED FINANCIAL CORP. invested $4,189,000 in shares of SF during the first quarter. In the first quarter, NORTH REEF CAPITAL MANAGEMENT LP acquired a new stake in Stifel Financial Corp. valued at approximately $3,864,000. JANE STREET GROUP, LLC acquired a new stake in SF for approximately $2,010,000. TEZA CAPITAL MANAGEMENT LLC purchased a new stake in SF valued at around $926,000 in the second quarter. In total, there are 486 active investors with 85.90% ownership of the company’s stock.
Wednesday morning saw Stifel Financial Corp. (NYSE: SF) opened at $59.86. During the past 12 months, Stifel Financial Corp. has had a low of $49.31 and a high of $83.28. The fifty day moving average price for SF is $60.91 and a two-hundred day moving average price translates $60.70 for the stock.
The latest earnings results from Stifel Financial Corp. (NYSE: SF) was released for Jun, 2022. According to the Capital Markets Company, earnings per share came in at $1.29, missing analysts’ expectations of $1.45 by -0.16. This compares to $1.54 EPS in the same period last year. The net profit margin was 15.20% and return on equity was 16.00% for SF. The company reported revenue of $1.05 billion for the quarter, compared to $1.14 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -8.72 percent. For the current quarter, analysts expect SF to generate $1.2B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/15/2022. Investors who held shares on 12/01/2022 were paid a $0.30 dividend. On an annualized basis, this represents a $1.20 dividend and a 2.07% percent yield. There was an ex-dividend date of 11/30/2022 for this dividend. In terms of dividend payout ratio, SF is presently at 16.00%.
Stifel Financial Corp.(SF) 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, the rest of Europe, and Canada. It operates in three segments: Global Wealth Management, Institutional Group, and Other. The company provides private client services, including securities transaction and financial planning services; institutional equity and fixed income sales, trading and research, and municipal finance services; investment banking services, such as mergers and acquisitions, public offerings, and private placements; and retail and commercial banking services comprising personal and commercial lending programs, as well as deposit accounts. It also participates in and manages underwritings for corporate and public finance; and offers financial advisory and securities brokerage services. The company was founded in 1890 and is headquartered in St. Louis, Missouri.