Stifel Financial (NYSE:SF) Price Target Lowered to $92.00 at TD Cowen

Stifel Financial (NYSE:SF) had its price objective cut by TD Cowen from $136.00 to $92.00 in a research note published on Monday morning,Benzinga reports. They currently have a hold rating on the financial services provider’s stock.

A number of other equities research analysts also recently commented on SF. Zacks Research downgraded Stifel Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. Weiss Ratings upgraded Stifel Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. UBS Group set a $100.00 price target on Stifel Financial and gave the stock a “buy” rating in a research note on Thursday, December 11th. Wolfe Research restated an “outperform” rating and issued a $99.33 price target on shares of Stifel Financial in a report on Wednesday, January 7th. Finally, Stifel Nicolaus set a $92.00 price objective on shares of Stifel Financial in a research note on Wednesday, January 14th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $90.13.

Stifel Financial Stock Performance

Shares of SF opened at $72.17 on Monday. Stifel Financial has a 1 year low of $48.85 and a 1 year high of $89.83. The company’s 50 day simple moving average is $79.28 and its 200 day simple moving average is $79.62. The company has a market capitalization of $11.17 billion, a price-to-earnings ratio of 18.41 and a beta of 1.13. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.80 and a current ratio of 0.84.

Stifel Financial (NYSE:SF) last released its earnings results on Wednesday, January 28th. The financial services provider reported $1.75 EPS for the quarter, topping the consensus estimate of $1.65 by $0.10. Stifel Financial had a net margin of 12.37% and a return on equity of 15.53%. The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the previous year, the company earned $1.49 EPS. Stifel Financial’s revenue for the quarter was up 14.4% on a year-over-year basis. On average, sell-side analysts predict that Stifel Financial will post 8.26 EPS for the current year.

Stifel Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Monday, March 2nd. This is a positive change from Stifel Financial’s previous quarterly dividend of $0.46. Stifel Financial’s payout ratio is currently 34.69%.

Insider Buying and Selling at Stifel Financial

In related news, insider David Rubulotta sold 600 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $82.87, for a total value of $49,724.00. Following the transaction, the insider directly owned 1,488 shares of the company’s stock, valued at approximately $123,315.52. This trade represents a 28.74% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 4.57% of the company’s stock.

Institutional Investors Weigh In On Stifel Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in SF. Essex Financial Services Inc. lifted its stake in shares of Stifel Financial by 4.2% in the 3rd quarter. Essex Financial Services Inc. now owns 2,533 shares of the financial services provider’s stock valued at $287,000 after purchasing an additional 102 shares in the last quarter. Brown Brothers Harriman & Co. increased its position in Stifel Financial by 15.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 811 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 106 shares in the last quarter. State of Wyoming raised its holdings in Stifel Financial by 8.6% in the third quarter. State of Wyoming now owns 1,418 shares of the financial services provider’s stock valued at $161,000 after buying an additional 112 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in Stifel Financial by 0.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 23,449 shares of the financial services provider’s stock valued at $2,936,000 after buying an additional 114 shares during the period. Finally, B. Riley Wealth Advisors Inc. lifted its position in Stifel Financial by 1.8% during the third quarter. B. Riley Wealth Advisors Inc. now owns 6,666 shares of the financial services provider’s stock valued at $757,000 after buying an additional 115 shares in the last quarter. 82.01% of the stock is currently owned by institutional investors and hedge funds.

About Stifel Financial

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.