Brokerages Set Stifel Financial Corp. (NYSE:SF) PT at $105.50

Shares of Stifel Financial Corp. (NYSE:SF) have been assigned a consensus recommendation of “Hold” from the eight analysts that are covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $105.50.

Several research firms have recently issued reports on SF. Wolfe Research upgraded shares of Stifel Financial from a “peer perform” rating to an “outperform” rating and set a $108.00 price objective on the stock in a research report on Thursday, April 24th. UBS Group boosted their target price on shares of Stifel Financial from $116.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Wells Fargo & Company lowered their price objective on shares of Stifel Financial from $106.00 to $102.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. The Goldman Sachs Group lowered their price objective on shares of Stifel Financial from $121.00 to $105.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. Finally, JMP Securities reduced their target price on shares of Stifel Financial from $135.00 to $120.00 and set a “market outperform” rating for the company in a report on Tuesday, April 8th.

Stifel Financial Stock Performance

SF opened at $97.18 on Friday. Stifel Financial has a 12-month low of $73.27 and a 12-month high of $120.64. The company has a market cap of $9.98 billion, a price-to-earnings ratio of 15.57 and a beta of 1.07. The company’s 50 day moving average is $90.28 and its 200 day moving average is $102.84. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.27.

Stifel Financial (NYSE:SF) last released its earnings results on Wednesday, April 23rd. The financial services provider reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $1.64 by ($1.15). Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the business posted $1.49 EPS. Stifel Financial’s revenue was up 7.9% on a year-over-year basis. On average, equities research analysts predict that Stifel Financial will post 8.26 EPS for the current year.

Stifel Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a $0.46 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.84 annualized dividend and a yield of 1.89%. Stifel Financial’s dividend payout ratio (DPR) is presently 35.18%.

Hedge Funds Weigh In On Stifel Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC boosted its position in Stifel Financial by 62.2% in the 3rd quarter. Barclays PLC now owns 107,397 shares of the financial services provider’s stock worth $10,086,000 after purchasing an additional 41,171 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Stifel Financial by 316.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 69,761 shares of the financial services provider’s stock worth $7,400,000 after acquiring an additional 52,991 shares during the last quarter. Park Avenue Securities LLC increased its stake in shares of Stifel Financial by 31.1% in the 4th quarter. Park Avenue Securities LLC now owns 18,584 shares of the financial services provider’s stock worth $1,971,000 after acquiring an additional 4,413 shares during the last quarter. Merit Financial Group LLC acquired a new stake in shares of Stifel Financial in the 4th quarter worth $205,000. Finally, Integrated Investment Consultants LLC increased its position in shares of Stifel Financial by 8.7% during the 4th quarter. Integrated Investment Consultants LLC now owns 5,635 shares of the financial services provider’s stock worth $598,000 after purchasing an additional 449 shares during the last quarter. Institutional investors and hedge funds own 82.01% of the company’s stock.

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.