Wells Fargo & Company Issues Positive Forecast for Stifel Financial (NYSE:SF) Stock Price

Stifel Financial (NYSE:SF) had its price target boosted by Wells Fargo & Company from $113.00 to $130.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

Several other brokerages also recently commented on SF. JMP Securities raised their price objective on Stifel Financial from $105.00 to $110.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 9th. StockNews.com lowered Stifel Financial from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Citigroup lifted their price objective on Stifel Financial from $90.00 to $102.00 and gave the company a “neutral” rating in a report on Friday, September 27th. The Goldman Sachs Group increased their target price on Stifel Financial from $85.00 to $94.00 and gave the stock a “neutral” rating in a research note on Thursday, September 26th. Finally, TD Cowen lifted their price target on shares of Stifel Financial from $100.00 to $105.00 and gave the company a “hold” rating in a research note on Thursday, October 24th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Stifel Financial currently has an average rating of “Hold” and a consensus target price of $103.17.

Stifel Financial Stock Performance

Shares of NYSE:SF opened at $114.44 on Wednesday. The stock has a market capitalization of $11.71 billion, a P/E ratio of 20.69 and a beta of 1.08. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.27. Stifel Financial has a 1-year low of $60.17 and a 1-year high of $118.12. The business has a 50-day moving average price of $99.14 and a two-hundred day moving average price of $88.47.

Stifel Financial (NYSE:SF) last released its earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.10). The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.20 billion. Stifel Financial had a return on equity of 14.92% and a net margin of 12.98%. Stifel Financial’s revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.60 EPS. Equities analysts predict that Stifel Financial will post 6.44 earnings per share for the current year.

Stifel Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Monday, December 2nd. Stifel Financial’s dividend payout ratio is currently 30.38%.

Insider Activity

In other Stifel Financial news, COO David D. Sliney sold 25,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $116.18, for a total transaction of $2,904,500.00. Following the completion of the sale, the chief operating officer now owns 159,619 shares of the company’s stock, valued at $18,544,535.42. This trade represents a 13.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.57% of the stock is owned by insiders.

Institutional Investors Weigh In On Stifel Financial

Institutional investors have recently made changes to their positions in the company. Versant Capital Management Inc increased its position in Stifel Financial by 1,818.8% during the second quarter. Versant Capital Management Inc now owns 307 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 291 shares during the period. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of Stifel Financial during the first quarter worth approximately $33,000. Waldron Private Wealth LLC bought a new position in shares of Stifel Financial during the third quarter worth approximately $34,000. GAMMA Investing LLC raised its position in shares of Stifel Financial by 27.7% in the third quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider’s stock valued at $47,000 after buying an additional 109 shares in the last quarter. Finally, Bessemer Group Inc. boosted its stake in shares of Stifel Financial by 388.3% in the first quarter. Bessemer Group Inc. now owns 796 shares of the financial services provider’s stock valued at $62,000 after buying an additional 633 shares during the period. Institutional investors 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.