Brokerages Set Stifel Financial Corp. (NYSE:SF) Price Target at $117.71

Shares of Stifel Financial Corp. (NYSE:SF) have been given a consensus rating of “Hold” by the eight analysts that are covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $117.71.

SF has been the subject of several analyst reports. Wells Fargo & Company raised their target price on Stifel Financial from $128.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. initiated coverage on Stifel Financial in a research report on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 price objective for the company. UBS Group lifted their price objective on Stifel Financial from $116.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Citigroup lifted their price objective on Stifel Financial from $110.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. Finally, TD Cowen lifted their price objective on Stifel Financial from $100.00 to $105.00 and gave the company a “hold” rating in a research report on Thursday, October 24th.

Institutional Investors Weigh In On Stifel Financial

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC grew its stake in shares of Stifel Financial by 62.2% during the third quarter. Barclays PLC now owns 107,397 shares of the financial services provider’s stock worth $10,086,000 after purchasing an additional 41,171 shares during the period. TT International Asset Management LTD acquired a new stake in shares of Stifel Financial during the fourth quarter worth $2,759,000. Curi RMB Capital LLC grew its stake in shares of Stifel Financial by 15.7% during the third quarter. Curi RMB Capital LLC now owns 69,301 shares of the financial services provider’s stock worth $6,507,000 after purchasing an additional 9,396 shares during the period. Larson Financial Group LLC grew its stake in shares of Stifel Financial by 4,308.9% during the third quarter. Larson Financial Group LLC now owns 5,423 shares of the financial services provider’s stock worth $509,000 after purchasing an additional 5,300 shares during the period. Finally, FMR LLC grew its stake in shares of Stifel Financial by 18.8% during the third quarter. FMR LLC now owns 7,956,412 shares of the financial services provider’s stock worth $747,107,000 after purchasing an additional 1,256,595 shares during the period. 82.01% of the stock is owned by institutional investors and hedge funds.

Stifel Financial Price Performance

Stifel Financial stock opened at $108.87 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78. The company has a market capitalization of $11.14 billion, a PE ratio of 17.45 and a beta of 1.11. Stifel Financial has a one year low of $72.78 and a one year high of $120.64. The business has a 50 day simple moving average of $110.18 and a 200 day simple moving average of $101.41.

Stifel Financial (NYSE:SF) last posted its earnings results on Wednesday, January 29th. The financial services provider reported $2.23 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 forecast that Stifel Financial will post 8.26 EPS for the current fiscal year.

Stifel Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.46 dividend. This is a boost from Stifel Financial’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Monday, March 3rd. Stifel Financial’s dividend payout ratio (DPR) is 26.92%.

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.