Stifel Financial (NYSE:SF) Given New $94.00 Price Target at The Goldman Sachs Group

Stifel Financial (NYSE:SF - Free Report) had its price objective increased by The Goldman Sachs Group from $85.00 to $94.00 in a research note published on Thursday morning, Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the financial services provider's stock.

A number of other equities research analysts have also weighed in 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 downgraded Stifel Financial from a buy rating to a hold rating in a research report on Friday, September 20th. JMP Securities restated a market outperform rating and issued a $105.00 target price on shares of Stifel Financial in a report on Monday, September 9th. TD Cowen increased their price objective on Stifel Financial from $85.00 to $88.00 and gave the stock a hold rating in a research note on Thursday, July 25th. Finally, Wells Fargo & Company began coverage on Stifel Financial in a research report on Thursday, September 12th. They issued an overweight rating and a $101.00 target price on the stock. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of $91.00.

Stifel Financial Stock Up 0.1 %

Shares of NYSE:SF traded up $0.07 during trading on Thursday, hitting $92.91. 464,693 shares of the company were exchanged, compared to its average volume of 568,461. The firm's 50 day moving average price is $85.83 and its 200-day moving average price is $81.68. Stifel Financial has a 12-month low of $54.81 and a 12-month high of $94.18. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.80. The stock has a market capitalization of $9.52 billion, a P/E ratio of 21.12 and a beta of 1.09.

Stifel Financial (NYSE:SF - Get Free Report) last announced its earnings results on Wednesday, July 24th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.54 by $0.06. Stifel Financial had a net margin of 11.59% and a return on equity of 13.24%. The company had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.18 billion. During the same quarter in the previous year, the business posted $1.20 earnings per share. The firm's quarterly revenue was up 15.9% compared to the same quarter last year. On average, research analysts predict that Stifel Financial will post 6.55 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.81%. The ex-dividend date was Tuesday, September 3rd. Stifel Financial's dividend payout ratio is 38.18%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SF. Versant Capital Management Inc boosted 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 valued at $26,000 after acquiring an additional 291 shares in the last quarter. Fidelis Capital Partners LLC bought a new stake in shares of Stifel Financial in the 1st quarter worth approximately $32,000. Mitsubishi UFJ Trust & Banking Corp bought a new stake in Stifel Financial during the 1st quarter valued at $33,000. Bessemer Group Inc. boosted its position in shares of Stifel Financial by 388.3% in the first quarter. Bessemer Group Inc. now owns 796 shares of the financial services provider's stock valued at $62,000 after acquiring an additional 633 shares during the period. Finally, Rothschild Investment LLC bought a new position in Stifel Financial in the 2nd quarter worth about $64,000. Institutional investors own 82.01% of the company's stock.

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.