Stifel Financial (NYSE:SF) Hits New 12-Month High Following Analyst Upgrade

Stifel Financial Corp. (NYSE:SF - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Thursday after TD Cowen raised their price target on the stock from $100.00 to $105.00. TD Cowen currently has a hold rating on the stock. Stifel Financial traded as high as $104.80 and last traded at $103.95, with a volume of 73779 shares trading hands. The stock had previously closed at $101.22.

Several other analysts have also issued reports on the company. Wolfe Research lowered Stifel Financial from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 22nd. StockNews.com lowered Stifel Financial from a "buy" rating to a "hold" rating in a research note on Thursday, October 3rd. The Goldman Sachs Group increased their target price on Stifel Financial from $85.00 to $94.00 and gave the stock a "neutral" rating in a research note on Thursday, September 26th. Citigroup increased their target price on Stifel Financial from $90.00 to $102.00 and gave the stock a "neutral" rating in a research note on Friday, September 27th. Finally, JMP Securities increased their target price on Stifel Financial from $105.00 to $110.00 and gave the stock a "market outperform" rating in a research note on Wednesday, October 9th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $100.33.

Institutional Investors Weigh In On Stifel Financial

A number of large investors have recently bought and sold shares of SF. Versant Capital Management Inc lifted its holdings in shares of Stifel Financial by 1,818.8% during the 2nd quarter. Versant Capital Management Inc now owns 307 shares of the financial services provider's stock worth $26,000 after acquiring an additional 291 shares during the period. Waldron Private Wealth LLC bought a new stake in Stifel Financial during the third quarter worth $34,000. Fidelis Capital Partners LLC bought a new stake in Stifel Financial during the first quarter worth $32,000. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of Stifel Financial in the 1st quarter valued at $33,000. Finally, GAMMA Investing LLC increased its stake in shares of Stifel Financial by 27.7% in the 3rd quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider's stock valued at $47,000 after purchasing an additional 109 shares during the last quarter. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Stifel Financial Price Performance

The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.80 and a current ratio of 0.84. The company has a market cap of $10.69 billion, a price-to-earnings ratio of 22.14 and a beta of 1.09. The business has a fifty day moving average price of $91.61 and a 200 day moving average price of $84.75.

Stifel Financial (NYSE:SF - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 EPS for the quarter, missing analysts' consensus estimates of $1.60 by ($0.10). The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.20 billion. Stifel Financial had a return on equity of 13.24% and a net margin of 11.59%. The firm's revenue was up 17.2% compared to the same quarter last year. During the same period last year, the company posted $0.60 EPS. As a group, research analysts anticipate that Stifel Financial Corp. will post 6.49 earnings per share for the current year.

Stifel Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.61%. Stifel Financial's payout ratio is presently 35.67%.

Stifel Financial Company Profile

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.