Stifel Financial (NYSE:SF) Given New $88.00 Price Target at TD Cowen

Stifel Financial (NYSE:SF) had its target price boosted by TD Cowen from $85.00 to $88.00 in a research report released on Thursday, Benzinga reports. TD Cowen currently has a hold rating on the financial services provider’s stock.

A number of other equities research analysts have also recently weighed in on the stock. Wolfe Research cut shares of Stifel Financial from an outperform rating to a peer perform rating in a research report on Monday, July 22nd. JMP Securities reiterated a market outperform rating and set a $88.00 price target on shares of Stifel Financial in a research report on Tuesday, April 9th. Citigroup lifted their price target on shares of Stifel Financial from $74.00 to $80.00 and gave the company a neutral rating in a research report on Thursday, April 11th. Finally, StockNews.com cut shares of Stifel Financial from a buy rating to a hold rating in a research report on Thursday. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $83.50.

Stifel Financial Price Performance

Stifel Financial stock opened at $88.22 on Thursday. Stifel Financial has a 12-month low of $54.81 and a 12-month high of $88.60. The stock has a market cap of $9.04 billion, a P/E ratio of 20.05 and a beta of 1.11. The company has a 50-day moving average price of $81.63 and a 200 day moving average price of $78.09. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35.

Stifel Financial (NYSE:SF) last released its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.06. Stifel Financial had a net margin of 11.59% and a return on equity of 13.33%. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period last year, the business earned $1.20 earnings per share. Stifel Financial’s revenue was up 15.9% compared to the same quarter last year. Sell-side analysts anticipate that Stifel Financial will post 6.55 earnings per share for the current year.

Stifel Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend was Monday, June 3rd. Stifel Financial’s dividend payout ratio (DPR) is currently 38.18%.

Insider Activity at Stifel Financial

In related news, Director David A. Peacock sold 13,000 shares of Stifel Financial stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $79.90, for a total value of $1,038,700.00. Following the completion of the transaction, the director now owns 18,646 shares in the company, valued at $1,489,815.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 4.57% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SF. Versant Capital Management Inc lifted its stake in Stifel Financial by 1,818.8% in the second quarter. Versant Capital Management Inc now owns 307 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 291 shares during the last quarter. Fidelis Capital Partners LLC purchased a new position in Stifel Financial in the first quarter worth approximately $32,000. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of Stifel Financial during the 1st quarter worth approximately $33,000. Montag A & Associates Inc. lifted its position in shares of Stifel Financial by 336.2% during the 4th quarter. Montag A & Associates Inc. now owns 759 shares of the financial services provider’s stock worth $52,000 after buying an additional 585 shares during the last quarter. Finally, Bessemer Group Inc. lifted its position in shares of Stifel Financial by 388.3% during the 1st quarter. Bessemer Group Inc. now owns 796 shares of the financial services provider’s stock worth $62,000 after buying an additional 633 shares during the last quarter. Hedge funds and other 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.