UBS Group Issues Positive Forecast for Stifel Financial (NYSE:SF) Stock Price

Stifel Financial (NYSE:SF) had its price objective upped by UBS Group from $116.00 to $120.00 in a research report report published on Monday morning,Benzinga reports. They currently have a neutral rating on the financial services provider’s stock.

Other research analysts have also issued reports about the company. JMP Securities increased their price objective on Stifel Financial from $125.00 to $135.00 and gave the stock a “market outperform” rating in a research report on Thursday, January 30th. 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. JPMorgan Chase & Co. assumed coverage on shares of Stifel Financial in a report on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 price objective on the stock. Citigroup increased their target price on shares of Stifel Financial from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. Finally, Wells Fargo & Company boosted their price target on shares of Stifel Financial from $128.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $117.71.

Stifel Financial Trading Up 0.8 %

Shares of Stifel Financial stock opened at $113.07 on Monday. Stifel Financial has a twelve month low of $72.78 and a twelve month high of $120.64. The firm’s 50-day moving average price is $110.59 and its 200 day moving average price is $100.50. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $11.57 billion, a PE ratio of 18.12 and a beta of 1.11.

Stifel Financial (NYSE:SF) last issued its earnings results on Wednesday, January 29th. The financial services provider reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.27. Stifel Financial had a net margin of 14.00% and a return on equity of 16.59%. On average, sell-side analysts predict that Stifel Financial will post 7.91 EPS for the current fiscal year.

Stifel Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.46 per share. This is an increase from Stifel Financial’s previous quarterly dividend of $0.42. The ex-dividend date is Monday, March 3rd. This represents a $1.84 annualized dividend and a dividend yield of 1.63%. Stifel Financial’s dividend payout ratio is 26.92%.

Insider Activity at Stifel Financial

In related news, COO David D. Sliney sold 25,000 shares of Stifel Financial stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $116.18, for a total value of $2,904,500.00. Following the sale, the chief operating officer now directly owns 159,619 shares in the company, valued at $18,544,535.42. The trade was a 13.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.57% of the stock is currently owned by insiders.

Institutional Trading of Stifel Financial

Several hedge funds and other institutional investors have recently made changes to their positions in SF. FMR LLC grew its holdings in Stifel Financial by 18.8% during the 3rd quarter. FMR LLC now owns 7,956,412 shares of the financial services provider’s stock valued at $747,107,000 after buying an additional 1,256,595 shares during the last quarter. State Street Corp lifted its position in shares of Stifel Financial by 1.0% in the third quarter. State Street Corp now owns 3,122,342 shares of the financial services provider’s stock valued at $293,188,000 after acquiring an additional 31,101 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of Stifel Financial by 1.5% during the third quarter. Stifel Financial Corp now owns 2,279,267 shares of the financial services provider’s stock valued at $214,023,000 after acquiring an additional 33,953 shares during the last quarter. Wellington Management Group LLP increased its position in Stifel Financial by 78.3% during the 3rd quarter. Wellington Management Group LLP now owns 1,958,709 shares of the financial services provider’s stock worth $183,923,000 after purchasing an additional 860,465 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Stifel Financial by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,696,605 shares of the financial services provider’s stock valued at $159,355,000 after purchasing an additional 20,110 shares during the last quarter. Institutional investors and hedge funds 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.