Stifel Financial (NYSE:SF) Stock Gets Price Target Trim from JPMorgan Chase & Co.

Stifel Financial (NYSE:SF) had its price target reduced by JPMorgan Chase & Co. from $82.00 to $80.00 in a report released on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the financial services provider’s stock.

Several other research firms have also issued reports on SF. Citigroup restated a “market outperform” rating on shares of Stifel Financial in a research note on Thursday. TD Cowen cut their price objective on Stifel Financial from $84.00 to $78.00 and set a “hold” rating for the company in a research report on Monday, October 12th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Stifel Financial in a research note on Wednesday, August 26th. Capital One Financial set a $75.00 target price on Stifel Financial in a research note on Tuesday, October 6th. Finally, Wall Street Zen lowered Stifel Financial from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $85.71.

Stifel Financial Stock Down 1.7%

Stifel Financial stock opened at $66.69 on Thursday. The firm has a market capitalization of $10.07 billion, a PE ratio of 11.58 and a beta of 1.01. The company’s 50-day moving average is $74.85 and its 200-day moving average is $75.82. Stifel Financial has a fifty-two week low of $65.40 and a fifty-two week high of $89.83. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.88 and a quick ratio of 0.83.

Stifel Financial (NYSE:SF) last issued its earnings results on Wednesday, October 21st. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.02. Stifel Financial had a net margin of 16.50% and a return on equity of 19.38%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same period last year, the business posted $1.95 EPS. Stifel Financial’s revenue was down .2% on a year-over-year basis. Sell-side analysts anticipate that Stifel Financial will post 6.08 earnings per share for the current year.

Stifel Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Tuesday, September 1st. Stifel Financial’s dividend payout ratio (DPR) is currently 24.33%.

Institutional Trading of Stifel Financial

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in Stifel Financial in the 2nd quarter valued at about $1,031,197,000. Dimensional Fund Advisors LP lifted its position in Stifel Financial by 51.6% during the first quarter. Dimensional Fund Advisors LP now owns 2,616,616 shares of the financial services provider’s stock worth $193,403,000 after acquiring an additional 890,810 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Stifel Financial by 58.7% during the first quarter. Bank of America Corp DE now owns 1,875,501 shares of the financial services provider’s stock worth $138,637,000 after acquiring an additional 693,437 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Stifel Financial by 40.6% during the first quarter. Bank of New York Mellon Corp now owns 1,367,474 shares of the financial services provider’s stock worth $101,084,000 after acquiring an additional 394,863 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in shares of Stifel Financial by 48.5% during the first quarter. Principal Financial Group Inc. now owns 1,075,067 shares of the financial services provider’s stock worth $79,469,000 after acquiring an additional 351,146 shares during the period. Institutional investors own 82.01% of the company’s stock.

Stifel Financial Company Profile

Stifel Financial Corp. is a financial services holding company headquartered in St. Louis, Missouri. Through its principal operating subsidiaries, including Stifel, Nicolaus & Company, Incorporated, the company provides wealth management, investment banking, securities brokerage and related financial services to individual investors, corporations, municipalities and institutional clients.

Its wealth management business offers investment advice, brokerage services, financial planning, banking and lending solutions, and access to a range of investment products.