Stifel Financial (NYSE:SF) PT Raised to $105.00 at TD Cowen

Stifel Financial (NYSE:SF - Free Report) had its target price increased by TD Cowen from $100.00 to $105.00 in a research note released on Thursday morning, Benzinga reports. They currently have a hold rating on the financial services provider's stock.

SF has been the topic of several other research reports. The Goldman Sachs Group raised their target price on shares of Stifel Financial from $85.00 to $94.00 and gave the stock a "neutral" rating in a report on Thursday, September 26th. Citigroup raised their price target on shares of Stifel Financial from $90.00 to $102.00 and gave the stock a "neutral" rating in a report on Friday, September 27th. JMP Securities upped their price objective on shares of Stifel Financial from $105.00 to $110.00 and gave the company a "market outperform" rating in a research note on Wednesday, October 9th. Wolfe Research cut Stifel Financial from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 22nd. Finally, Wells Fargo & Company upped their price target on Stifel Financial from $108.00 to $113.00 and gave the company an "overweight" rating in a research report on Thursday. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $100.33.

Stifel Financial Price Performance

SF traded up $3.04 during midday trading on Thursday, hitting $104.26. The stock had a trading volume of 735,996 shares, compared to its average volume of 565,058. The company has a market cap of $10.69 billion, a P/E ratio of 21.99 and a beta of 1.09. Stifel Financial has a 1 year low of $54.81 and a 1 year high of $104.80. The business has a fifty day moving average of $91.23 and a 200 day moving average of $84.61. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.80 and a current ratio of 0.84.

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

Stifel Financial Announces Dividend

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

Hedge Funds Weigh In On Stifel Financial

A number of institutional investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its stake in shares of Stifel Financial by 1,818.8% in the 2nd quarter. Versant Capital Management Inc now owns 307 shares of the financial services provider's stock worth $26,000 after buying an additional 291 shares during the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of Stifel Financial in the first quarter worth $32,000. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of Stifel Financial during the first quarter valued at $33,000. Waldron Private Wealth LLC purchased a new position in shares of Stifel Financial in the 3rd quarter worth about $34,000. Finally, GAMMA Investing LLC boosted its stake in Stifel Financial by 27.7% in the 3rd quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider's stock worth $47,000 after purchasing an additional 109 shares in the last quarter. 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.