Stifel Financial Corporation (NYSE:SF) Receives $125.90 Consensus Price Target from Brokerages

Stifel Financial Corporation (NYSE:SF) has earned a consensus rating of “Moderate Buy” from the twelve research firms that are currently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $125.90.

Several analysts recently commented on the stock. Stifel Nicolaus set a $131.00 target price on shares of Stifel Financial in a research note on Wednesday, October 8th. Citigroup reissued an “outperform” rating on shares of Stifel Financial in a research note on Thursday, October 9th. Cowen raised Stifel Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, October 8th. Zacks Research raised Stifel Financial from a “hold” rating to a “strong-buy” rating in a report on Friday, October 24th. Finally, JPMorgan Chase & Co. lifted their price target on Stifel Financial from $125.00 to $133.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd.

Stifel Financial Stock Down 2.4%

Shares of SF stock opened at $121.98 on Friday. Stifel Financial has a 1 year low of $73.27 and a 1 year high of $125.73. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 0.82. The business’s fifty day moving average is $114.93 and its 200-day moving average is $107.57. The stock has a market cap of $12.42 billion, a PE ratio of 21.55 and a beta of 1.19.

Stifel Financial (NYSE:SF) last released its earnings results on Wednesday, October 22nd. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.06. Stifel Financial had a return on equity of 15.06% and a net margin of 12.44%.The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period in the previous year, the company earned $1.50 earnings per share. Stifel Financial’s revenue was up 16.7% compared to the same quarter last year. Equities analysts expect that Stifel Financial will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, December 1st. Stifel Financial’s dividend payout ratio (DPR) is 32.51%.

Hedge Funds Weigh In On Stifel Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Stifel Financial by 2.1% in the first quarter. Vanguard Group Inc. now owns 10,620,407 shares of the financial services provider’s stock valued at $1,001,080,000 after purchasing an additional 217,415 shares in the last quarter. Boston Partners lifted its stake in Stifel Financial by 2.0% in the 3rd quarter. Boston Partners now owns 2,371,880 shares of the financial services provider’s stock worth $269,128,000 after acquiring an additional 45,631 shares in the last quarter. Geode Capital Management LLC lifted its stake in Stifel Financial by 0.5% in the 2nd quarter. Geode Capital Management LLC now owns 1,797,528 shares of the financial services provider’s stock worth $186,578,000 after acquiring an additional 9,188 shares in the last quarter. AQR Capital Management LLC boosted its position in Stifel Financial by 314.1% during the 1st quarter. AQR Capital Management LLC now owns 1,383,836 shares of the financial services provider’s stock worth $126,925,000 after acquiring an additional 1,049,665 shares during the period. Finally, Norges Bank purchased a new position in Stifel Financial during the 2nd quarter valued at about $143,377,000. Institutional investors and hedge funds own 82.01% of the company’s stock.

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.