Stifel Financial (NYSE:SF - Free Report) had its target price cut by Wells Fargo & Company from $135.00 to $106.00 in a research note released on Tuesday,Benzinga reports. They currently have an overweight rating on the financial services provider's stock.
SF has been the subject of a number of other research reports. JPMorgan Chase & Co. initiated coverage on shares of Stifel Financial in a research report on Tuesday, December 10th. They set a "neutral" rating and a $120.00 target price for the company. Citigroup cut their target price on shares of Stifel Financial from $125.00 to $105.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. JMP Securities dropped their target price on shares of Stifel Financial from $135.00 to $120.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. UBS Group upped their target price on shares of Stifel Financial from $116.00 to $120.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. Finally, The Goldman Sachs Group dropped their target price on shares of Stifel Financial from $121.00 to $105.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Stifel Financial currently has a consensus rating of "Hold" and a consensus target price of $105.71.
Check Out Our Latest Report on SF
Stifel Financial Trading Up 2.4 %
Shares of NYSE:SF traded up $1.95 during mid-day trading on Tuesday, hitting $82.12. The stock had a trading volume of 1,368,341 shares, compared to its average volume of 656,872. Stifel Financial has a 12-month low of $73.27 and a 12-month high of $120.64. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. The company has a market cap of $8.52 billion, a PE ratio of 13.16 and a beta of 1.00. The company's 50 day moving average is $98.41 and its 200-day moving average is $104.69.
Stifel Financial (NYSE:SF - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.27. Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. On average, sell-side analysts predict that Stifel Financial will post 8.26 EPS for the current year.
Stifel Financial Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.46 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.24%. This is a positive change from Stifel Financial's previous quarterly dividend of $0.42. Stifel Financial's dividend payout ratio (DPR) is currently 29.49%.
Institutional Investors Weigh In On Stifel Financial
A number of hedge funds and other institutional investors have recently made changes to their positions in SF. Mather Group LLC. raised its holdings in shares of Stifel Financial by 14.6% in the fourth quarter. Mather Group LLC. now owns 707 shares of the financial services provider's stock valued at $75,000 after purchasing an additional 90 shares during the last quarter. Hancock Whitney Corp grew its holdings in shares of Stifel Financial by 1.3% in the 4th quarter. Hancock Whitney Corp now owns 7,541 shares of the financial services provider's stock valued at $800,000 after acquiring an additional 99 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Stifel Financial by 52.1% in the fourth quarter. Bessemer Group Inc. now owns 321 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 110 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in Stifel Financial by 26.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 528 shares of the financial services provider's stock worth $56,000 after acquiring an additional 111 shares in the last quarter. Finally, MML Investors Services LLC boosted its position in Stifel Financial by 0.5% during the fourth quarter. MML Investors Services LLC now owns 28,657 shares of the financial services provider's stock valued at $3,040,000 after purchasing an additional 136 shares during the last quarter. 82.01% of the stock is currently owned by institutional investors and hedge funds.
About Stifel Financial
(
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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.
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