Analysts Set Stifel Financial Corp. (NYSE:SF) Price Target at $103.17

Shares of Stifel Financial Corp. (NYSE:SF) have earned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $103.17.

Several research analysts have recently issued reports on the company. The Goldman Sachs Group upped their price objective on Stifel Financial from $85.00 to $94.00 and gave the stock a “neutral” rating in a research report on Thursday, September 26th. Citigroup upped their target price on Stifel Financial from $90.00 to $102.00 and gave the company a “neutral” rating in a research report on Friday, September 27th. Wells Fargo & Company upped their target price on Stifel Financial from $113.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. StockNews.com cut Stifel Financial from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Finally, JMP Securities upped their target price on Stifel Financial from $105.00 to $110.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 9th.

Stifel Financial Trading Down 0.9 %

NYSE:SF opened at $116.68 on Friday. The stock has a 50-day simple moving average of $102.74 and a 200-day simple moving average of $89.91. The stock has a market cap of $11.94 billion, a P/E ratio of 20.99 and a beta of 1.08. Stifel Financial has a 1 year low of $60.17 and a 1 year high of $119.12. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82.

Stifel Financial (NYSE:SF) last released its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($0.10). The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.20 billion. Stifel Financial had a return on equity of 14.92% and a net margin of 12.98%. The company’s revenue was up 17.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.60 earnings per share. As a group, analysts anticipate that Stifel Financial will post 6.44 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.44%. The ex-dividend date is Monday, December 2nd. Stifel Financial’s dividend payout ratio is presently 30.38%.

Insider Buying and Selling at Stifel Financial

In other news, COO David D. Sliney sold 25,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $116.18, for a total transaction of $2,904,500.00. Following the completion of the transaction, the chief operating officer now directly owns 159,619 shares of the company’s stock, valued at approximately $18,544,535.42. This represents a 13.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 4.57% of the stock is owned by company insiders.

Hedge Funds Weigh In On Stifel Financial

Large investors have recently modified their holdings of the business. Versant Capital Management Inc grew its holdings in shares of Stifel Financial by 1,818.8% in the 2nd 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 period. Waldron Private Wealth LLC acquired a new stake in shares of Stifel Financial in the 3rd quarter worth approximately $34,000. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of Stifel Financial in the 1st quarter worth approximately $33,000. GAMMA Investing LLC grew its holdings in shares of Stifel Financial by 27.7% in the 3rd quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 109 shares during the period. Finally, Rothschild Investment LLC acquired a new stake in shares of Stifel Financial in the 2nd quarter worth approximately $64,000. 82.01% of the stock is owned by hedge funds and other institutional investors.

About Stifel Financial

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.