Stifel Financial Corporation (NYSE:SF) Receives $125.90 Average Price Target from Analysts

Shares of Stifel Financial Corporation (NYSE:SF) have been given a consensus recommendation of “Moderate Buy” by the twelve analysts that are presently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $125.90.

A number of research analysts have issued reports on the company. Wall Street Zen raised Stifel Financial from a “sell” rating to a “hold” rating in a research note on Sunday, August 3rd. JPMorgan Chase & Co. lifted their price objective on Stifel Financial from $125.00 to $133.00 and gave the company a “neutral” rating in a report on Thursday, October 23rd. Stifel Nicolaus set a $131.00 price objective on Stifel Financial in a research report on Wednesday, October 8th. JMP Securities raised their target price on shares of Stifel Financial from $130.00 to $135.00 and gave the stock a “market outperform” rating in a report on Thursday, October 9th. Finally, Citigroup reiterated an “outperform” rating on shares of Stifel Financial in a report on Thursday, October 9th.

Stifel Financial Stock Up 0.4%

Shares of NYSE:SF opened at $122.37 on Friday. The company has a 50 day moving average price of $114.57 and a two-hundred day moving average price of $107.34. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 0.82. The company has a market capitalization of $12.46 billion, a PE ratio of 21.62 and a beta of 1.19. Stifel Financial has a 52 week low of $73.27 and a 52 week high of $123.57.

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

Stifel Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a $0.46 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $1.84 dividend on an annualized basis and a yield of 1.5%. Stifel Financial’s dividend payout ratio is presently 32.51%.

Institutional Trading of Stifel Financial

Several hedge funds and other institutional investors have recently modified their holdings of SF. Zurich Insurance Group Ltd FI bought a new stake in Stifel Financial during the 1st quarter worth about $1,386,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of Stifel Financial in the 1st quarter valued at about $361,000. Stratos Wealth Partners LTD. raised its holdings in Stifel Financial by 3.0% during the first quarter. Stratos Wealth Partners LTD. now owns 4,328 shares of the financial services provider’s stock worth $408,000 after acquiring an additional 127 shares in the last quarter. Whitener Capital Management Inc. bought a new stake in Stifel Financial during the first quarter worth about $436,000. Finally, Sequoia Financial Advisors LLC acquired a new position in Stifel Financial during the second quarter valued at approximately $606,000. 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.