Stifel Financial (NYSE:SF) Price Target Raised to $108.00

Stifel Financial (NYSE:SF) had its target price upped by Wells Fargo & Company from $101.00 to $108.00 in a research report report published on Wednesday morning, Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

Several other equities analysts also recently weighed in on the stock. The Goldman Sachs Group lifted their target price on shares of Stifel Financial from $85.00 to $94.00 and gave the stock a neutral rating in a research note on Thursday, September 26th. StockNews.com cut shares of Stifel Financial from a buy rating to a hold rating in a report on Thursday, October 3rd. Citigroup raised their price target on Stifel Financial from $90.00 to $102.00 and gave the stock a neutral rating in a report on Friday, September 27th. TD Cowen boosted their price objective on Stifel Financial from $85.00 to $88.00 and gave the company a hold rating in a research note on Thursday, July 25th. Finally, JMP Securities raised their target price on Stifel Financial from $105.00 to $110.00 and gave the stock a market outperform rating in a research note on Wednesday. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Stifel Financial presently has a consensus rating of Hold and an average price target of $96.67.

Stifel Financial Trading Up 1.6 %

NYSE:SF opened at $97.44 on Wednesday. Stifel Financial has a 12 month low of $54.81 and a 12 month high of $98.40. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 0.38. The firm’s 50 day moving average is $88.00 and its 200 day moving average is $83.29. The stock has a market capitalization of $9.98 billion, a PE ratio of 22.15 and a beta of 1.09.

Stifel Financial (NYSE:SF) last issued its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.06. Stifel Financial had a return on equity of 13.24% and a net margin of 11.59%. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the prior year, the firm earned $1.20 EPS. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. Sell-side analysts expect that Stifel Financial will post 6.55 earnings per share for the current year.

Stifel Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were paid a $0.42 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.68 dividend on an annualized basis and a yield of 1.72%. Stifel Financial’s dividend payout ratio is currently 38.18%.

Institutional Trading of Stifel Financial

Large investors have recently modified their holdings of the business. GAMMA Investing LLC lifted its position in Stifel Financial by 27.7% during the third quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 109 shares during the last quarter. CWM LLC raised its position in shares of Stifel Financial by 3.8% during the 3rd quarter. CWM LLC now owns 3,940 shares of the financial services provider’s stock valued at $370,000 after buying an additional 145 shares in the last quarter. Delphi Management Inc. MA lifted its holdings in shares of Stifel Financial by 0.8% during the 2nd quarter. Delphi Management Inc. MA now owns 22,778 shares of the financial services provider’s stock worth $1,917,000 after acquiring an additional 176 shares during the last quarter. UMB Bank n.a. grew its position in Stifel Financial by 36.6% in the third quarter. UMB Bank n.a. now owns 870 shares of the financial services provider’s stock worth $82,000 after acquiring an additional 233 shares in the last quarter. Finally, Wedge Capital Management L L P NC increased its stake in Stifel Financial by 1.2% in the third quarter. Wedge Capital Management L L P NC now owns 19,913 shares of the financial services provider’s stock valued at $1,870,000 after acquiring an additional 234 shares during the last quarter. Institutional investors own 82.01% of the company’s stock.

Stifel Financial 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 and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.