Stifel Financial (NYSE:SF) Price Target Raised to $133.00

Stifel Financial (NYSE:SF) had its price objective raised by JPMorgan Chase & Co. from $125.00 to $133.00 in a research note published on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the financial services provider’s stock.

A number of other analysts have also recently commented on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Stifel Financial in a research note on Wednesday, October 8th. Wells Fargo & Company boosted their price target on shares of Stifel Financial from $102.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, July 11th. Stifel Nicolaus set a $131.00 price objective on Stifel Financial in a research report on Wednesday, October 8th. UBS Group set a $135.00 price target on shares of Stifel Financial in a report on Thursday, October 9th. Finally, TD Cowen upgraded shares of Stifel Financial from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $118.00 to $131.00 in a report on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Stifel Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.90.

Stifel Financial Stock Up 1.0%

Shares of NYSE SF opened at $117.77 on Thursday. The business’s fifty day moving average price is $113.31 and its 200-day moving average price is $104.10. Stifel Financial has a one year low of $73.27 and a one year high of $120.64. The stock has a market capitalization of $12.03 billion, a PE ratio of 20.81 and a beta of 1.13. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.82 and a quick ratio of 0.77.

Stifel Financial (NYSE:SF) last announced its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.06. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Stifel Financial had a return on equity of 15.06% and a net margin of 12.44%.The firm’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.50 EPS. On average, equities research analysts anticipate that Stifel Financial will post 8.26 EPS for the current year.

Stifel Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Tuesday, September 2nd. Stifel Financial’s dividend payout ratio is 32.51%.

Institutional Investors Weigh In On Stifel Financial

A number of large investors have recently made changes to their positions in SF. GAMMA Investing LLC lifted its stake in shares of Stifel Financial by 401.0% in the 1st quarter. GAMMA Investing LLC now owns 4,509 shares of the financial services provider’s stock worth $425,000 after purchasing an additional 3,609 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Stifel Financial by 263.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 19,711 shares of the financial services provider’s stock worth $1,858,000 after acquiring an additional 14,284 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of Stifel Financial by 31.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 10,505 shares of the financial services provider’s stock valued at $990,000 after acquiring an additional 2,505 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Stifel Financial in the 1st quarter worth $361,000. Finally, Asset Management One Co. Ltd. bought a new position in Stifel Financial in the 1st quarter worth $1,165,000. 82.01% of the stock is currently 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.