Stifel Financial (SF) AI Stock Analysis

• Market Cap: $13.07B
• Dividend Yield: 1.43%
• Average Volume (3M): 757.07K
• Price to Earnings (P/E): 22.7
• Beta (1Y): 1.28
• Revenue Growth: 7.54%
• EPS Growth: 2.73%
• Country: US
• Employees: 8,887
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): 1.95
• Shares Outstanding: 101,828,330
• 10 Day Avg. Volume: 955,922
• 30 Day Avg. Volume: 757,074
• PEG Ratio: 0.32
• Price to Book (P/B): 1.94
• Price to Sales (P/S): 1.87
• P/FCF Ratio: 26.50
• Enterprise Value/Market Cap: 0.94
• Enterprise Value/Revenue: 2.00
• Enterprise Value/Gross Profit: 2.34
• Enterprise Value/Ebitda: 13.41
• 1Y Price Target: $135.00
• Price Target Upside: 5.15% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 7
• EPS Forecast (FY): 7.39
• Revenue Forecast (FY): $5.45B

• Rating: 75 Outperform
• Price Target: $141.00 ▲(9.82% Upside)

Stifel Financial's overall stock score reflects strong financial performance, positive technical indicators, and robust corporate events. The earnings call further supports a positive outlook with record revenues and strategic growth. However, the high P/E ratio suggests potential overvaluation, and operational efficiency needs improvement.

Positive Factors

Diversified Revenue Model

The diversified revenue model allows Stifel to leverage various market conditions, enhancing financial stability and resilience.

Record Client Assets

Record client assets indicate strong client engagement and effective asset management, supporting long-term growth and stability.

Shift to Fee-Based Revenue

The shift to fee-based revenue enhances predictability and stability of income, reducing reliance on volatile transactional income.

Negative Factors

Operational Efficiency Challenges

Challenges in operational efficiency can limit profitability and growth, necessitating improvements to sustain competitive advantage.

Declining Free Cash Flow Growth

Negative free cash flow growth can strain financial flexibility, impacting the company's ability to invest in growth opportunities.

Regulatory Challenges

Regulatory challenges can disrupt operations and growth, requiring strategic adjustments to navigate market and policy changes.

Stifel Financial Business Overview & Revenue Model

Company Description

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.

How the Company Makes Money

Stifel Financial generates revenue through multiple key streams, primarily from its Wealth Management segment, which earns fees from investment advisory services, commissions on trades, and management fees from assets under management. The Institutional Group contributes significantly to revenue through investment banking services, including underwriting, advisory fees from mergers and acquisitions, and commissions from institutional brokerage activities. Additionally, Stifel Bank & Trust generates income through interest on loans and fees for banking services. The company's diversified revenue model allows it to leverage various market conditions and client needs, enhancing its financial stability. Strategic partnerships with financial institutions and a strong network of financial advisors further contribute to Stifel's earnings, enabling it to attract a broad client base and expand its service offerings.

Stifel Financial Financial Statement Overview

Summary

Stifel Financial demonstrates strong revenue growth and profitability, with a solid balance sheet characterized by low leverage and high return on equity. However, operational efficiency and cash flow growth present challenges.

Income Statement

Stifel Financial shows a consistent revenue growth trend, with a TTM revenue growth rate of 2.73%. The gross profit margin is strong at 48.61% for TTM, though it has decreased from previous years. The net profit margin is healthy at 12.92% for TTM, indicating profitability. However, the EBIT margin is negative, suggesting operational challenges. Overall, the income statement reflects solid revenue growth and profitability, but operational efficiency needs improvement.

Balance Sheet

The company's debt-to-equity ratio is low at 0.15 for TTM, indicating a conservative leverage approach. Return on equity is robust at 14.68% for TTM, showcasing effective use of equity. The equity ratio is not explicitly calculated, but the balance sheet shows a strong equity base relative to assets. Overall, the balance sheet is stable with low leverage and strong equity returns, but there is room for optimizing asset utilization.

Cash Flow

Free cash flow growth is negative at -26.55% for TTM, indicating cash flow challenges. The operating cash flow to net income ratio is not available for TTM, but historical data shows variability. The free cash flow to net income ratio is high at 93.96% for TTM, reflecting good cash conversion. Overall, the cash flow statement indicates strong cash conversion, but declining free cash flow growth is a concern.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	6.12B	5.89B	5.10B	4.54B	4.72B	3.76B
Gross Profit	5.23B	4.88B	4.27B	4.30B	4.69B	3.66B
EBITDA	912.56M	1.01B	788.15M	955.33M	1.13B	711.64M
Net Income	663.42M	731.38M	522.54M	662.15M	824.86M	503.47M
Balance Sheet
Total Assets	41.69B	39.90B	37.73B	37.20B	34.05B	26.60B
Cash, Cash Equivalents and Short-Term Investments	3.72B	3.00B	3.68B	3.84B	4.08B	4.51B
Total Debt	3.08B	2.77B	2.92B	1.84B	2.32B	1.80B
Total Liabilities	35.93B	34.21B	32.43B	31.87B	29.01B	22.37B
Stockholders Equity	5.76B	5.69B	5.29B	5.33B	5.03B	4.24B
Cash Flow
Free Cash Flow	1.36B	416.65M	447.35M	1.08B	683.92M	1.59B
Operating Cash Flow	1.43B	490.44M	499.33M	1.16B	872.09M	1.66B
Investing Cash Flow	-1.71B	-2.31B	1.04B	-4.32B	-6.97B	-1.69B
Financing Cash Flow	1.55B	980.10M	-254.58M	3.19B	5.79B	1.20B

Stifel Financial Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 128.39
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SF, the sentiment is Positive. The current price of 128.39 is above the 20-day moving average (MA) of 125.63, above the 50-day MA of 120.43, and above the 200-day MA of 106.21, indicating a bullish trend. The MACD of 2.32 indicates Positive momentum. The RSI at 60.46 is Neutral, neither overbought nor oversold. The STOCH value of 41.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SF.

Stifel Financial Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EVR	76 Outperform	$13.48B	27.79	31.39%	0.95%	27.00%	63.47%
SF	75 Outperform	$13.07B	22.67	11.73%	1.43%	7.54%	2.73%
HLI	70 Outperform	$12.47B	28.74	20.29%	1.33%	20.99%	25.02%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
PIPR	67 Neutral	$6.18B	26.33	19.30%	1.63%	12.77%	36.43%
LAZ	66 Neutral	$4.67B	19.56	36.41%	4.06%	1.58%	1.93%
JEF	63 Neutral	$13.09B	21.86	6.29%	2.52%	-5.41%	25.28%

Stifel Financial Corporate Events

Stifel Financial Reports Record Client Assets and Deposits

On December 18, 2025, Stifel Financial reported selected operating results as of November 30, 2025, highlighting record total client assets of $553.6 billion, up 8% year over year, and record fee-based client assets of $224.7 billion, up 14%, driven by strong advisor recruiting and market gains. Client money market and insured product balances rose 1% from October as higher Sweep balances offset declines in Smart Rate, while Treasury deposits surged 9% month over month and 96% from a year earlier, underscoring accelerating deposit growth; management noted elevated activity in the Institutional Group and, despite disruption from the government shutdown, indicated expectations for a strong fourth quarter, signaling solid operational momentum and resilient client engagement.

Stifel Financial Reports Record High Client Assets

On November 20, 2025, Stifel Financial Corp. announced its operating results for October 31, 2025, highlighting record highs in total and fee-based client assets, which increased by 12% and 18% year-over-year, respectively. The company also reported a 35% growth in treasury deposits, offsetting declines in client money market and insured product balances, with bank loans rising 1% since September, supported by increased residential, securities-based, and commercial lending.

Stifel Financial Reports Record High Client Assets

On September 25, 2025, Stifel Financial Corp. reported its operating results for August 31, 2025, highlighting record highs in total and fee-based client assets, which increased by 9% and 14% year-over-year, respectively. The growth was attributed to strong recruiting and market gains, alongside a 6% month-over-month increase in treasury deposits that offset a decline in client money market and insured product balances. The company anticipates a stronger second half of the year for its Institutional Group, driven by improvements in the capital raising and M&A environment.