Brokerages Set Stifel Financial Corp. (NYSE:SF) PT at $100.33

Stifel Financial Corp. (NYSE:SF) has been assigned a consensus rating of “Hold” from the seven analysts that are presently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $100.33.

SF has been the topic of several analyst reports. Citigroup lifted their price objective on Stifel Financial from $90.00 to $102.00 and gave the stock a “neutral” rating in a report on Friday, September 27th. The Goldman Sachs Group boosted their price target on Stifel Financial from $85.00 to $94.00 and gave the company a “neutral” rating in a report on Thursday, September 26th. StockNews.com downgraded Stifel Financial from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. JMP Securities boosted their price target on Stifel Financial from $105.00 to $110.00 and gave the company a “market outperform” rating in a report on Wednesday, October 9th. Finally, Wells Fargo & Company boosted their price target on Stifel Financial from $108.00 to $113.00 and gave the company an “overweight” rating in a report on Thursday, October 24th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SageView Advisory Group LLC acquired a new position in Stifel Financial during the 1st quarter valued at approximately $1,251,000. SG Americas Securities LLC acquired a new position in Stifel Financial during the 2nd quarter worth $1,543,000. Van ECK Associates Corp boosted its position in Stifel Financial by 36.5% during the 1st quarter. Van ECK Associates Corp now owns 35,083 shares of the financial services provider’s stock worth $2,742,000 after acquiring an additional 9,384 shares during the period. Blue Trust Inc. boosted its position in Stifel Financial by 268.6% during the 2nd quarter. Blue Trust Inc. now owns 8,798 shares of the financial services provider’s stock worth $688,000 after acquiring an additional 6,411 shares during the period. Finally, Capital CS Group LLC acquired a new position in Stifel Financial during the 2nd quarter worth $614,000. Institutional investors and hedge funds own 82.01% of the company’s stock.

Stifel Financial Price Performance

SF stock opened at $102.72 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 0.38. Stifel Financial has a 52-week low of $59.16 and a 52-week high of $106.10. The stock’s 50 day moving average is $94.42 and its two-hundred day moving average is $86.46. The company has a market capitalization of $10.53 billion, a PE ratio of 18.58 and a beta of 1.08.

Stifel Financial (NYSE:SF) last posted its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($0.10). Stifel Financial had a return on equity of 15.11% and a net margin of 12.98%. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the firm earned $0.60 earnings per share. Stifel Financial’s revenue for the quarter was up 17.2% compared to the same quarter last year. Analysts predict that Stifel Financial will post 6.44 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.42 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.68 dividend on an annualized basis and a yield of 1.64%. Stifel Financial’s dividend payout ratio is currently 30.38%.

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.