Stifel Financial (NYSE:SF) Given New $105.00 Price Target at Citigroup

Stifel Financial (NYSE:SF) had its target price lowered by Citigroup from $125.00 to $105.00 in a research note issued to investors on Wednesday morning,Benzinga reports. Citigroup currently has a neutral rating on the financial services provider’s stock.

A number of other equities research analysts have also recently commented on the stock. StockNews.com raised shares of Stifel Financial from a “hold” rating to a “buy” rating in a report on Thursday, March 6th. UBS Group increased their price objective on Stifel Financial from $116.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. JMP Securities boosted their target price on Stifel Financial from $125.00 to $135.00 and gave the company a “market outperform” rating in a report on Thursday, January 30th. Wells Fargo & Company upped their price target on Stifel Financial from $128.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Finally, JPMorgan Chase & Co. began coverage on shares of Stifel Financial in a research report on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Stifel Financial currently has a consensus rating of “Hold” and a consensus price target of $116.29.

Stifel Financial Stock Up 1.8 %

Stifel Financial stock opened at $96.51 on Wednesday. The stock has a 50-day simple moving average of $104.46 and a 200-day simple moving average of $105.34. The company has a market capitalization of $10.01 billion, a P/E ratio of 15.47 and a beta of 1.08. 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 has a fifty-two week low of $73.51 and a fifty-two week high of $120.64.

Stifel Financial (NYSE:SF) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.27. Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. Equities research analysts expect that Stifel Financial will post 8.26 earnings per share for the current year.

Stifel Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.46 dividend. The ex-dividend date was Monday, March 3rd. This is a positive change from Stifel Financial’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a dividend yield of 1.91%. Stifel Financial’s payout ratio is currently 29.49%.

Hedge Funds Weigh In On Stifel Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC lifted its stake in Stifel Financial by 8.5% in the 4th quarter. FMR LLC now owns 8,628,832 shares of the financial services provider’s stock valued at $915,346,000 after buying an additional 672,420 shares in 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. Wellington Management Group LLP boosted its stake in shares of Stifel Financial by 32.2% during the fourth quarter. Wellington Management Group LLP now owns 2,588,964 shares of the financial services provider’s stock valued at $274,637,000 after acquiring an additional 630,255 shares during the last quarter. Stifel Financial Corp increased its position in Stifel Financial by 1.5% during the 3rd quarter. Stifel Financial Corp now owns 2,279,267 shares of the financial services provider’s stock worth $214,023,000 after purchasing an additional 33,953 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.