Stifel Financial (NYSE:SF) Stock Price Expected to Rise, JMP Securities Analyst Says

Stifel Financial (NYSE:SF) had its price objective increased by JMP Securities from $125.00 to $135.00 in a report released on Thursday morning,Benzinga reports. JMP Securities currently has a market outperform rating on the financial services provider’s stock.

Several other research analysts have also commented on the stock. Wells Fargo & Company lifted their price objective on shares of Stifel Financial from $128.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday. TD Cowen upped their price target on shares of Stifel Financial from $100.00 to $105.00 and gave the company a “hold” rating in a report on Thursday, October 24th. 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. StockNews.com cut Stifel Financial from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Finally, Citigroup raised their price target on Stifel Financial from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $117.33.

Stifel Financial Stock Up 0.2 %

Shares of NYSE SF opened at $117.76 on Thursday. The stock has a market capitalization of $12.05 billion, a price-to-earnings ratio of 18.87 and a beta of 1.11. Stifel Financial has a 12-month low of $71.36 and a 12-month high of $120.64. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.27. The firm’s 50-day moving average price is $110.84 and its 200-day moving average price is $99.57.

Stifel Financial (NYSE:SF) last issued its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.27. Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. On average, equities research analysts anticipate that Stifel Financial will post 7.87 EPS for the current fiscal year.

Stifel Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $0.46 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.84 annualized dividend and a yield of 1.56%. This is a boost from Stifel Financial’s previous quarterly dividend of $0.42. Stifel Financial’s dividend payout ratio is 26.92%.

Insider Buying and Selling at Stifel Financial

In other Stifel Financial news, COO David D. Sliney sold 25,000 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $116.18, for a total transaction of $2,904,500.00. Following the transaction, the chief operating officer now directly owns 159,619 shares in the company, valued at $18,544,535.42. This represents a 13.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.57% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Stifel Financial

Hedge funds and other institutional investors have recently modified their holdings of the business. V Square Quantitative Management LLC purchased a new position in Stifel Financial in the fourth quarter valued at about $26,000. Waldron Private Wealth LLC bought a new stake in shares of Stifel Financial in the 3rd quarter valued at about $34,000. GAMMA Investing LLC grew its position in shares of Stifel Financial by 27.7% in the 3rd quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider’s stock worth $47,000 after buying an additional 109 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Stifel Financial by 46.5% during the 4th quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 145 shares in the last quarter. Finally, Mather Group LLC. boosted its stake in Stifel Financial by 14.6% in the fourth quarter. Mather Group LLC. now owns 707 shares of the financial services provider’s stock valued at $75,000 after acquiring an additional 90 shares in the last quarter. 82.01% of the stock is currently owned by institutional investors.

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.