Stifel Financial’s (SF) Hold Rating Reaffirmed at TD Cowen

TD Cowen reiterated their hold rating on shares of Stifel Financial (NYSE:SF) in a research note issued to investors on Wednesday, MarketBeat.com reports. They currently have a $138.00 target price on the financial services provider’s stock, up from their previous target price of $135.00.

A number of other research analysts have also weighed in on the company. Citizens Jmp increased their price target on Stifel Financial from $140.00 to $155.00 and gave the stock a “market outperform” rating in a research note on Monday. Citigroup reiterated an “outperform” rating on shares of Stifel Financial in a research report on Monday. Stifel Nicolaus set a $138.00 price target on Stifel Financial in a research note on Wednesday. JMP Securities lifted their price target on Stifel Financial from $130.00 to $135.00 and gave the company a “market outperform” rating in a report on Thursday, October 9th. Finally, Wolfe Research reiterated an “outperform” rating and set a $149.00 price objective on shares of Stifel Financial in a report on Wednesday, January 7th. Six research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $135.18.

Stifel Financial Price Performance

Stifel Financial stock opened at $128.79 on Wednesday. The stock has a market capitalization of $13.11 billion, a P/E ratio of 22.75 and a beta of 1.13. Stifel Financial has a 12-month low of $73.27 and a 12-month high of $134.74. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.84 and a quick ratio of 0.79. The firm’s 50-day moving average is $125.14 and its two-hundred day moving average is $117.04.

Stifel Financial (NYSE:SF) last announced its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.06. Stifel Financial had a net margin of 12.44% and a return on equity of 14.95%. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the prior year, the firm posted $1.50 earnings per share. The company’s quarterly revenue was up 16.7% compared to the same quarter last year. Equities analysts predict that Stifel Financial will post 8.26 earnings per share for the current year.

Stifel Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Monday, December 1st. Stifel Financial’s dividend payout ratio (DPR) is 32.51%.

Institutional Trading of Stifel Financial

Institutional investors have recently modified their holdings of the company. Advisory Services Network LLC acquired a new position in Stifel Financial during the third quarter valued at approximately $29,000. Pinnacle Holdings LLC purchased a new position in shares of Stifel Financial in the 3rd quarter valued at $32,000. SJS Investment Consulting Inc. lifted its holdings in shares of Stifel Financial by 2,383.3% during the 3rd quarter. SJS Investment Consulting Inc. now owns 298 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 286 shares in the last quarter. HM Payson & Co. acquired a new position in shares of Stifel Financial during the 3rd quarter valued at $37,000. Finally, Root Financial Partners LLC purchased a new stake in Stifel Financial during the 3rd quarter worth $37,000. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Stifel Financial Company Profile

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full‐service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research‐driven insights.

The firm’s main business activities are organized into two core segments: Private Client Group and Institutional Group.