Citigroup Has Lowered Expectations for Stifel Financial (NYSE:SF) Stock Price

Stifel Financial (NYSE:SF - Free Report) had its target price trimmed by Citigroup from $125.00 to $105.00 in a research report sent to investors on Wednesday,Benzinga reports. The brokerage currently has a neutral rating on the financial services provider's stock.

Other equities research analysts have also recently issued research reports about the company. JMP Securities raised their price objective on Stifel Financial from $125.00 to $135.00 and gave the stock a "market outperform" rating in a report on Thursday, January 30th. Wells Fargo & Company lifted their price target on Stifel Financial from $128.00 to $135.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. UBS Group increased their price objective on shares of Stifel Financial from $116.00 to $120.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. StockNews.com upgraded shares of Stifel Financial from a "hold" rating to a "buy" rating in a report on Thursday, March 6th. Finally, JPMorgan Chase & Co. began coverage on shares of Stifel Financial in a research note on Tuesday, December 10th. They set a "neutral" rating and a $120.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Stifel Financial has a consensus rating of "Hold" and a consensus price target of $117.86.

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Stifel Financial Price Performance

Shares of NYSE:SF traded down $0.76 on Wednesday, hitting $78.38. The company had a trading volume of 1,624,300 shares, compared to its average volume of 641,431. The company has a market cap of $8.13 billion, a PE ratio of 12.56 and a beta of 1.00. The business has a 50 day moving average of $103.18 and a 200 day moving average of $105.36. Stifel Financial has a 52-week low of $73.49 and a 52-week high of $120.64. 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 - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $2.23 EPS for the quarter, topping analysts' consensus estimates of $1.96 by $0.27. Stifel Financial had a net margin of 14.00% and a return on equity of 16.59%. As a group, equities analysts anticipate that Stifel Financial will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date was Monday, March 3rd. This is a boost from Stifel Financial's previous quarterly dividend of $0.42. Stifel Financial's payout ratio is currently 29.49%.

Institutional Investors Weigh In On Stifel Financial

Several hedge funds have recently modified their holdings of SF. Bank of Montreal Can lifted its position in shares of Stifel Financial by 6.0% during the third quarter. Bank of Montreal Can now owns 54,863 shares of the financial services provider's stock worth $5,138,000 after purchasing an additional 3,112 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Stifel Financial by 28.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,968 shares of the financial services provider's stock valued at $936,000 after buying an additional 2,210 shares during the last quarter. Townsquare Capital LLC acquired a new stake in shares of Stifel Financial during the third quarter valued at about $356,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Stifel Financial by 0.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 278,344 shares of the financial services provider's stock worth $26,137,000 after acquiring an additional 790 shares in the last quarter. Finally, Captrust Financial Advisors boosted its holdings in Stifel Financial by 6.1% in the third quarter. Captrust Financial Advisors now owns 31,343 shares of the financial services provider's stock valued at $2,943,000 after purchasing an additional 1,810 shares during the last quarter. 82.01% of the stock is currently 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.