JMP Securities Issues Positive Forecast for Stifel Financial (NYSE:SF) Stock Price

Stifel Financial (NYSE:SF) had its price target raised by JMP Securities from $120.00 to $130.00 in a research report report published on Monday,Benzinga reports. The firm currently has a market outperform rating on the financial services provider’s stock.

Several other analysts have also issued reports on SF. Wells Fargo & Company boosted their price target on Stifel Financial from $102.00 to $125.00 and gave the company an “overweight” rating in a report on Friday. Wall Street Zen raised Stifel Financial from a “sell” rating to a “hold” rating in a report on Sunday. Wolfe Research raised Stifel Financial from a “peer perform” rating to an “outperform” rating and set a $108.00 price target for the company in a report on Thursday, April 24th. The Goldman Sachs Group cut their price target on Stifel Financial from $121.00 to $105.00 and set a “neutral” rating for the company in a report on Thursday, April 3rd. Finally, JPMorgan Chase & Co. cut their price target on Stifel Financial from $123.00 to $100.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Stifel Financial has an average rating of “Hold” and a consensus price target of $110.88.

Stifel Financial Trading Up 2.0%

NYSE SF opened at $110.33 on Monday. Stifel Financial has a fifty-two week low of $73.27 and a fifty-two week high of $120.64. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 0.81. The stock has a 50 day simple moving average of $98.38 and a two-hundred day simple moving average of $99.47. The stock has a market cap of $11.33 billion, a P/E ratio of 21.10 and a beta of 1.09.

Stifel Financial (NYSE:SF) last posted its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.64 by ($1.15). Stifel Financial had a net margin of 12.26% and a return on equity of 13.88%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the business earned $1.49 EPS. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. On average, analysts forecast that Stifel Financial will post 8.26 earnings per share for the current year.

Stifel Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a $0.46 dividend. The ex-dividend date was Monday, June 2nd. This represents a $1.84 dividend on an annualized basis and a yield of 1.67%. Stifel Financial’s dividend payout ratio (DPR) is presently 35.18%.

Insiders Place Their Bets

In related news, Director Michael J. Zimmerman sold 10,000 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $96.69, for a total transaction of $966,900.00. Following the completion of the transaction, the director directly owned 45,833 shares of the company’s stock, valued at $4,431,592.77. This represents a 17.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 3.28% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Stifel Financial

Institutional investors and hedge funds have recently modified their holdings of the company. Proficio Capital Partners LLC purchased a new position in shares of Stifel Financial in the 4th quarter valued at $162,000. Raymond James Financial Inc. purchased a new stake in Stifel Financial during the 4th quarter worth $11,936,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Stifel Financial by 7.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,115 shares of the financial services provider’s stock worth $1,922,000 after buying an additional 1,274 shares during the period. HighTower Advisors LLC increased its stake in Stifel Financial by 10.6% during the 4th quarter. HighTower Advisors LLC now owns 8,777 shares of the financial services provider’s stock worth $931,000 after buying an additional 843 shares during the period. Finally, Great Lakes Advisors LLC increased its stake in Stifel Financial by 7.1% during the 4th quarter. Great Lakes Advisors LLC now owns 4,216 shares of the financial services provider’s stock worth $447,000 after buying an additional 280 shares during the period. Hedge funds and other institutional investors 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.