Stifel Financial (NYSE:SF) Price Target Raised to $135.00

Stifel Financial (NYSE:SF) had its price objective increased by JMP Securities from $130.00 to $135.00 in a research report sent to investors on Thursday morning,Benzinga reports. The firm currently has a market outperform rating on the financial services provider’s stock.

Several other research analysts have also recently issued reports on SF. Weiss Ratings reissued a “hold (c+)” rating on shares of Stifel Financial in a report on Wednesday. Cowen raised shares of Stifel Financial from a “hold” rating to a “buy” rating in a report on Wednesday. BMO Capital Markets began coverage on shares of Stifel Financial in a report on Friday, October 3rd. They issued a “market perform” rating and a $121.00 target price for the company. Wall Street Zen raised shares of Stifel Financial from a “sell” rating to a “hold” rating in a report on Sunday, August 3rd. Finally, Zacks Research cut shares of Stifel Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, September 8th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Stifel Financial presently has an average rating of “Moderate Buy” and an average price target of $122.60.

Stifel Financial Price Performance

Shares of SF opened at $107.18 on Thursday. Stifel Financial has a fifty-two week low of $73.27 and a fifty-two week high of $120.64. The company has a market capitalization of $10.95 billion, a price-to-earnings ratio of 20.77 and a beta of 1.13. The firm has a 50-day simple moving average of $113.38 and a 200-day simple moving average of $102.34. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 0.82.

Stifel Financial (NYSE:SF) last announced its earnings results on Wednesday, July 30th. The financial services provider reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.06. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. Stifel Financial had a net margin of 11.90% and a return on equity of 13.93%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.60 earnings per share. On average, equities research analysts anticipate that Stifel Financial will post 8.26 earnings per share for the current year.

Stifel Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, September 2nd. Stifel Financial’s payout ratio is presently 35.66%.

Institutional Trading of Stifel Financial

Several hedge funds and other institutional investors have recently bought and sold shares of SF. Boston Partners grew its stake in Stifel Financial by 2,727.0% in the 2nd quarter. Boston Partners now owns 2,326,249 shares of the financial services provider’s stock worth $241,468,000 after acquiring an additional 2,243,961 shares during the period. Norges Bank purchased a new stake in Stifel Financial in the 2nd quarter worth approximately $143,377,000. AQR Capital Management LLC grew its stake in Stifel Financial by 314.1% in the 1st quarter. AQR Capital Management LLC now owns 1,383,836 shares of the financial services provider’s stock worth $126,925,000 after acquiring an additional 1,049,665 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Stifel Financial by 529.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 398,633 shares of the financial services provider’s stock worth $37,576,000 after acquiring an additional 335,257 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new stake in Stifel Financial in the 3rd quarter worth approximately $35,576,000. 82.01% of the stock is owned by hedge funds and other institutional investors.

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.