Stifel Financial (NYSE:SF) Price Target Raised to $136.00

by · The Cerbat Gem

Stifel Financial (NYSE:SF – Free Report) had its target price lifted by JPMorgan Chase & Co. from $133.00 to $136.00 in a research report sent to investors on Thursday,Benzinga reports. JPMorgan Chase & Co. 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. Wolfe Research reaffirmed an “outperform” rating and set a $149.00 price target on shares of Stifel Financial in a report on Wednesday. TD Cowen raised Stifel Financial from a “hold” rating to a “buy” rating and lifted their target price for the company from $118.00 to $131.00 in a research note on Wednesday, October 8th. BMO Capital Markets began coverage on Stifel Financial in a research note on Friday, October 3rd. They issued a “market perform” rating and a $121.00 price target for the company. Citigroup reissued an “outperform” rating on shares of Stifel Financial in a report on Thursday, October 9th. Finally, JMP Securities upped their price objective on shares of Stifel Financial from $130.00 to $135.00 and gave the stock a “market outperform” rating in a report on Thursday, October 9th. Seven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Stifel Financial currently has a consensus rating of “Moderate Buy” and an average price target of $131.80.

Check Out Our Latest Stock Analysis on SF

Stifel Financial Stock Performance

Shares of SF opened at $130.10 on Thursday. The firm has a fifty day moving average of $124.51 and a 200-day moving average of $116.48. The company has a market cap of $13.25 billion, a price-to-earnings ratio of 22.99 and a beta of 1.13. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.79 and a current ratio of 0.84. Stifel Financial has a 1 year low of $73.27 and a 1 year high of $134.74.

Stifel Financial (NYSE:SF – Get Free Report) last released its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.06. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Stifel Financial had a net margin of 12.44% and a return on equity of 14.95%. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.50 EPS. As a group, equities analysts anticipate that Stifel Financial will post 8.26 earnings per share for the current year.

Stifel Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were issued a $0.46 dividend. The ex-dividend date was Monday, December 1st. This represents a $1.84 annualized dividend and a dividend yield of 1.4%. Stifel Financial’s dividend payout ratio is 32.51%.

Institutional Investors Weigh In On Stifel Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Amundi boosted its position in shares of Stifel Financial by 352,150.0% during the 1st quarter. Amundi now owns 21,135 shares of the financial services provider’s stock valued at $1,818,000 after purchasing an additional 21,129 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Stifel Financial by 5.8% during the first quarter. NewEdge Advisors LLC now owns 2,673 shares of the financial services provider’s stock valued at $252,000 after purchasing an additional 147 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in Stifel Financial by 1,162.6% during the first quarter. Jones Financial Companies Lllp now owns 2,702 shares of the financial services provider’s stock worth $255,000 after buying an additional 2,488 shares in the last quarter. Caxton Associates LLP bought a new stake in Stifel Financial during the first quarter worth approximately $452,000. Finally, Focus Partners Wealth grew its position in Stifel Financial by 17.5% in the first quarter. Focus Partners Wealth now owns 26,144 shares of the financial services provider’s stock worth $2,464,000 after buying an additional 3,887 shares during the last quarter. 82.01% of the stock is currently owned by institutional investors.

Stifel Financial Company Profile

(Get Free Report)

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full‐service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research‐driven insights.

The firm’s main business activities are organized into two core segments: Private Client Group and Institutional Group.

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