Stifel Financial (NYSE:SF) Price Target Raised to $110.00 at JMP Securities

Stifel Financial (NYSE:SF) had its price objective increased by JMP Securities from $105.00 to $110.00 in a report issued on Wednesday, Benzinga reports. They currently have a market outperform rating on the financial services provider’s stock.

Several other brokerages have also weighed in on SF. TD Cowen lifted their price objective on Stifel Financial from $85.00 to $88.00 and gave the stock a hold rating in a report on Thursday, July 25th. Citigroup lifted their price objective on Stifel Financial from $90.00 to $102.00 and gave the company a neutral rating in a report on Friday, September 27th. StockNews.com downgraded Stifel Financial from a buy rating to a hold rating in a research report on Thursday, October 3rd. The Goldman Sachs Group upped their price target on Stifel Financial from $85.00 to $94.00 and gave the company a neutral rating in a research report on Thursday, September 26th. Finally, Wolfe Research cut Stifel Financial from an outperform rating to a peer perform rating in a report on Monday, July 22nd. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $96.67.

Stifel Financial Stock Up 1.7 %

Stifel Financial stock opened at $96.67 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 0.38. Stifel Financial has a 1-year low of $54.81 and a 1-year high of $97.24. The firm’s fifty day simple moving average is $87.49 and its 200-day simple moving average is $83.00. The company has a market capitalization of $9.91 billion, a P/E ratio of 21.97 and a beta of 1.09.

Stifel Financial (NYSE:SF) last announced its earnings results on Wednesday, July 24th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the prior year, the business earned $1.20 earnings per share. The company’s revenue was up 15.9% on a year-over-year basis. Sell-side analysts forecast that Stifel Financial will post 6.55 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.68 annualized dividend and a dividend yield of 1.74%. Stifel Financial’s dividend payout ratio (DPR) is currently 38.18%.

Institutional Investors Weigh In On Stifel Financial

Hedge funds and other institutional investors have recently made changes to their positions in the company. UMB Bank n.a. grew its position in shares of Stifel Financial by 36.6% during the 3rd quarter. UMB Bank n.a. now owns 870 shares of the financial services provider’s stock worth $82,000 after buying an additional 233 shares during the period. CWM LLC lifted its stake in shares of Stifel Financial by 3.8% in the 3rd quarter. CWM LLC now owns 3,940 shares of the financial services provider’s stock valued at $370,000 after purchasing an additional 145 shares during the period. GAMMA Investing LLC grew its stake in shares of Stifel Financial by 27.7% during the third quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 109 shares during the period. Handelsbanken Fonder AB increased its holdings in Stifel Financial by 20.3% in the third quarter. Handelsbanken Fonder AB now owns 23,132 shares of the financial services provider’s stock valued at $2,172,000 after purchasing an additional 3,900 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in Stifel Financial in the second quarter valued at about $3,815,000. 82.01% of the stock is owned by institutional investors and hedge funds.

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.