Stifel Financial Corp. (NYSE:SF) Receives $100.33 Consensus Target Price from Brokerages

Stifel Financial Corp. (NYSE:SF) has received a consensus rating of “Hold” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $100.33.

A number of research firms have weighed in on SF. Citigroup increased their target price on shares of Stifel Financial from $90.00 to $102.00 and gave the company a “neutral” rating in a research report on Friday, September 27th. The Goldman Sachs Group increased their price objective on shares of Stifel Financial from $85.00 to $94.00 and gave the stock a “neutral” rating in a research report on Thursday, September 26th. Wolfe Research lowered shares of Stifel Financial from an “outperform” rating to a “peer perform” rating in a report on Monday, July 22nd. TD Cowen increased their price target on Stifel Financial from $100.00 to $105.00 and gave the stock a “hold” rating in a report on Thursday, October 24th. Finally, Wells Fargo & Company boosted their target price on shares of Stifel Financial from $108.00 to $113.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th.

Stifel Financial Price Performance

SF stock opened at $103.27 on Wednesday. The company has a market capitalization of $10.59 billion, a P/E ratio of 18.67 and a beta of 1.08. The company has a fifty day moving average price of $93.82 and a 200-day moving average price of $86.00. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.80 and a current ratio of 0.84. Stifel Financial has a 52-week low of $57.69 and a 52-week high of $106.10.

Stifel Financial (NYSE:SF) last announced its earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 EPS for the quarter, missing the consensus estimate of $1.60 by ($0.10). The company 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 15.11% and a net margin of 12.98%. The firm’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 earnings per share. As a group, equities analysts expect that Stifel Financial will post 6.44 EPS for the current year.

Stifel Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.68 annualized dividend and a yield of 1.63%. Stifel Financial’s dividend payout ratio (DPR) is currently 30.38%.

Institutional Investors Weigh In On Stifel Financial

A number of institutional investors have recently added to or reduced their stakes in the company. State of Michigan Retirement System grew its stake in Stifel Financial by 2.5% in the 1st quarter. State of Michigan Retirement System now owns 25,087 shares of the financial services provider’s stock valued at $1,961,000 after purchasing an additional 600 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Stifel Financial by 36.5% in the 1st quarter. Van ECK Associates Corp now owns 35,083 shares of the financial services provider’s stock worth $2,742,000 after buying an additional 9,384 shares during the last quarter. Retirement Systems of Alabama grew its position in Stifel Financial by 3.9% during the first quarter. Retirement Systems of Alabama now owns 309,794 shares of the financial services provider’s stock valued at $24,217,000 after buying an additional 11,663 shares during the period. Diversify Advisory Services LLC purchased a new stake in Stifel Financial during the first quarter worth about $237,000. Finally, BNP Paribas Financial Markets raised its position in Stifel Financial by 16.9% in the first quarter. BNP Paribas Financial Markets now owns 8,223 shares of the financial services provider’s stock worth $643,000 after acquiring an additional 1,187 shares during the period. 82.01% of the stock is owned by 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.