Stifel Financial (NYSE:SF) PT Raised to $94.00

Stifel Financial (NYSE:SF) had its price objective boosted by The Goldman Sachs Group from $85.00 to $94.00 in a research note issued to investors on Thursday, Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the financial services provider’s stock.

A number of other research analysts also recently issued reports on the stock. Wolfe Research downgraded shares of Stifel Financial from an outperform rating to a peer perform rating in a research report on Monday, July 22nd. TD Cowen upped their target price on shares of Stifel Financial from $85.00 to $88.00 and gave the stock a hold rating in a research note on Thursday, July 25th. Wells Fargo & Company began coverage on shares of Stifel Financial in a research note on Thursday, September 12th. They issued an overweight rating and a $101.00 target price for the company. StockNews.com downgraded shares of Stifel Financial from a buy rating to a hold rating in a report on Friday, September 20th. Finally, JMP Securities reissued a market outperform rating and issued a $105.00 price target on shares of Stifel Financial in a report on Monday, September 9th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $94.67.

Stifel Financial Stock Up 0.8 %

NYSE:SF opened at $93.66 on Thursday. The firm’s 50 day simple moving average is $86.04 and its 200 day simple moving average is $81.92. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.80. Stifel Financial has a one year low of $54.81 and a one year high of $94.18. The company has a market cap of $9.60 billion, a PE ratio of 21.29 and a beta of 1.09.

Stifel Financial (NYSE:SF) last issued its quarterly 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. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.18 billion. Stifel Financial had a net margin of 11.59% and a return on equity of 13.24%. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.20 EPS. On average, research analysts anticipate that Stifel Financial will post 6.55 earnings per share for the current year.

Stifel Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date was Tuesday, September 3rd. Stifel Financial’s payout ratio is 38.18%.

Institutional Investors Weigh In On Stifel Financial

A number of institutional investors and hedge funds have recently modified their holdings of the company. SageView Advisory Group LLC bought a new position in shares of Stifel Financial in the first quarter worth approximately $1,251,000. SG Americas Securities LLC bought a new position in Stifel Financial during the second quarter valued at approximately $1,543,000. Quadrature Capital Ltd bought a new position in Stifel Financial during the fourth quarter valued at approximately $649,000. Van ECK Associates Corp grew its position in Stifel Financial by 36.5% during the first quarter. Van ECK Associates Corp now owns 35,083 shares of the financial services provider’s stock valued at $2,742,000 after acquiring an additional 9,384 shares during the last quarter. Finally, Blue Trust Inc. grew its position in Stifel Financial by 268.6% during the second quarter. Blue Trust Inc. now owns 8,798 shares of the financial services provider’s stock valued at $688,000 after acquiring an additional 6,411 shares during the last quarter. 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.