Stifel Financial (SF) AI Stock Analysis

• Market Cap: $11.82B
• Dividend Yield: 1.59%
• Average Volume (3M): 714.90K
• Price to Earnings (P/E): 21.9
• Beta (1Y): 1.30
• Revenue Growth: 8.76%
• EPS Growth: 10.32%
• Country: US
• Employees: 8,887
• Sector: Financial
• Sector Strength: 75
• Industry: Financial - Capital Markets
• EPS (TTM): 1.71
• Shares Outstanding: 102,173,410
• 10 Day Avg. Volume: 604,474
• 30 Day Avg. Volume: 714,901
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.04
• Enterprise Value/Revenue: 1.97
• Enterprise Value/Gross Profit: 3.62
• Enterprise Value/Ebitda: 11.69
• 1Y Price Target: $126.60
• Price Target Upside: 9.41% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5

• Rating: 77 Outperform
• Price Target: $132.00 ▲(14.08% Upside)

Stifel Financial's overall stock score reflects a strong earnings call performance and positive technical indicators, which are the most significant factors. The company's financial performance is moderate, with strengths in cash flow and a stable balance sheet, but challenges in profitability metrics. Valuation is less attractive due to a high P/E ratio. Corporate events further bolster the score with strong asset and deposit growth.

Positive Factors

Capital Markets and Recruitment

Looking ahead, a continued pickup in capital markets activity and positive recruiting trends are expected to provide a tailwind to the stock.

Client Assets

Client assets increased to $501B, reflecting a rise in equity market levels and successful recruiting efforts.

Recruitment and Growth

Recruiting momentum continued to accelerate, with 2Q representing the strongest quarter since 2015, and a healthy pipeline of larger teams should provide a tailwind over the coming quarters.

Negative Factors

Client Cash Decline

A 5% decline in client cash outpaced peers and previous declines, contributing to a negative outlook for the shares.

Client Money Markets

Client money markets and insured product balances fell 1% month-over-month, driven by a decrease in sweep deposits and lower Smart Rate balances.

Investment Banking Revenue

Investment banking guidance indicates a 10% decline in revenue compared to the previous year, partly due to market volatility.

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, it earns income from Wealth Management services, which include commissions from trading, advisory fees from managed accounts, and performance-based fees. The Institutional Group contributes to revenue through trading and underwriting services, while the Investment Banking segment generates fees from advisory services related to mergers and acquisitions, public offerings, and private placements. Additionally, Stifel has strategic partnerships and alliances that enhance its service offerings, and it benefits from a network of offices and advisors that expand its market reach. Overall, the company's diversified revenue model helps mitigate risks associated with market fluctuations and provides steady income across various economic conditions.

Stifel Financial Financial Statement Overview

Summary

Stifel Financial's financial health is moderate, with strengths in cash flow management and a stable balance sheet. However, the income statement shows areas of concern, particularly in profitability metrics like EBIT and net profit margins. The company should focus on stabilizing revenue growth and enhancing operational efficiency to strengthen financial performance.

Income Statement

Stifel Financial's income statement shows mixed results. The gross profit margin is solid, indicating efficient cost management. However, the recent negative EBIT margin in TTM reflects operational challenges. Net profit margin has declined, suggesting pressure on profitability. Revenue growth is inconsistent, with a recent decline in TTM compared to the previous year.

Balance Sheet

The balance sheet is relatively strong, with a reasonable debt-to-equity ratio indicating controlled leverage. The equity ratio is stable, reflecting a solid capital structure. However, return on equity has seen a downward trend, which can be concerning for long-term profitability potential.

Cash Flow

Cash flow analysis reveals positive trends, with a strong free cash flow to net income ratio, indicating efficient cash generation. Operating cash flow has increased, showcasing robust cash management. However, the free cash flow growth rate is inconsistent, highlighting potential volatility in cash generation.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	6.27B	5.95B	5.10B	4.54B	4.68B	3.70B
Gross Profit	3.41B	4.94B	4.27B	4.33B	1.33B	849.82M
EBITDA	1.05B	1.18B	788.15M	955.33M	1.24B	0.00
Net Income	620.80M	731.38M	522.54M	662.15M	824.86M	503.47M
Balance Sheet
Total Assets	40.38B	39.90B	37.73B	37.20B	34.05B	26.60B
Cash, Cash Equivalents and Short-Term Investments	3.03B	3.00B	3.36B	1.67B	4.08B	4.51B
Total Debt	3.03B	1.54B	2.00B	1.17B	1.17B	1.17B
Total Liabilities	34.85B	34.21B	32.43B	31.87B	29.01B	22.37B
Stockholders Equity	5.54B	5.69B	5.29B	5.33B	5.03B	4.24B
Cash Flow
Free Cash Flow	808.23M	416.65M	447.35M	1.08B	683.92M	1.59B
Operating Cash Flow	888.95M	490.44M	499.33M	1.16B	872.09M	1.66B
Investing Cash Flow	-2.96B	-2.31B	1.04B	-4.32B	-6.97B	-1.69B
Financing Cash Flow	1.35B	980.10M	-254.58M	3.19B	5.79B	1.20B

Stifel Financial Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 115.71
• 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 115.71 is above the 20-day moving average (MA) of 113.35, above the 50-day MA of 110.29, and above the 200-day MA of 102.83, indicating a bullish trend. The MACD of 1.37 indicates Positive momentum. The RSI at 53.33 is Neutral, neither overbought nor oversold. The STOCH value of 57.63 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
LAZ	78 Outperform	$5.32B	19.46	50.41%	3.52%	10.40%	91.75%
HLI	78 Outperform	$13.80B	33.09	20.38%	1.19%	23.39%	29.86%
EVR	77 Outperform	$12.26B	28.89	29.16%	1.03%	23.24%	55.76%
SF	77 Outperform	$11.82B	21.94	11.11%	1.59%	8.76%	10.32%
PIPR	76 Outperform	$5.82B	27.75	17.91%	1.75%	10.46%	50.47%
Sector *	68 Neutral	$18.05B	11.73	10.24%	3.73%	9.66%	1.70%
JEF	68 Neutral	$13.23B	24.30	5.75%	2.39%	1.00%	46.98%

Stifel Financial Corporate Events

Stifel Financial Reports Strong Asset and Deposit Growth

On August 28, 2025, Stifel Financial Corp. reported its operating results for July 31, 2025. The company experienced significant growth in total client assets and fee-based client assets, increasing by 9% and 14% year-over-year, respectively. Treasury deposits surged by 87%, offsetting declines in client money market and insured product balances, while bank loans rose by 1%, driven by increased fund banking and residential lending. This performance highlights Stifel’s strong market position and resilience in asset and deposit growth.

Stifel Financial Reports May 2025 Operating Results

On June 26, 2025, Stifel Financial Corp. reported its operating results for May 31, 2025, highlighting a 3% increase in total client assets and a 4% rise in fee-based assets due to recruiting and market appreciation. Despite a slight decline in client money market and insured product levels, investment banking activity showed signs of recovery after being affected by market volatility in April, with expectations of a 10% decrease in investment banking revenue for the quarter compared to the same period in 2024.

Stifel Financial Announces Co-President Victor Nesi’s Retirement

On June 6, 2025, Stifel Financial Corp. announced the retirement of Victor Nesi, Co-President and Head of the Institutional Group, effective July 1, 2025. Nesi, who has been with the company since 2009, will join the Board of Directors upon his retirement. Under his leadership, the Institutional Group saw significant growth, with revenues increasing from $391 million in 2008 to $2.2 billion in 2021. His strategic vision and leadership have positioned the group for continued success, and he leaves behind a seasoned leadership team to carry forward the firm’s culture and momentum.

Stifel Financial Holds Annual Shareholders Meeting

On June 4, 2025, Stifel Financial Corp. held its Annual Meeting of Shareholders, where eleven directors were elected to serve until the 2026 annual meeting. Additionally, shareholders approved the executive compensation and ratified KPMG LLP as the independent public accounting firm for 2025. The meeting saw a significant shareholder turnout, with 97,820,030 shares represented, indicating strong engagement in corporate governance matters.