Stifel Financial (NYSE:SF) Given New $120.00 Price Target at UBS Group

Stifel Financial (NYSE:SF) had its price objective hoisted by UBS Group from $116.00 to $120.00 in a report published on Monday,Benzinga reports. They currently have a neutral rating on the financial services provider’s stock.

Other equities analysts have also issued reports about the company. Citigroup increased their price objective on Stifel Financial from $110.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, January 10th. TD Cowen lifted their price objective on Stifel Financial from $100.00 to $105.00 and gave the stock a “hold” rating in a report on Thursday, October 24th. Wells Fargo & Company upped their price objective on shares of Stifel Financial from $128.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. JMP Securities lifted their target price on shares of Stifel Financial from $125.00 to $135.00 and gave the stock a “market outperform” rating in a research note on Thursday, January 30th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Stifel Financial in a research note on Tuesday, December 10th. They set a “neutral” rating and a $120.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $117.71.

Stifel Financial Price Performance

Stifel Financial stock opened at $112.88 on Monday. Stifel Financial has a 52 week low of $72.78 and a 52 week high of $120.64. The company’s 50 day moving average price is $110.74 and its two-hundred day moving average price is $100.21. The stock has a market cap of $11.55 billion, a P/E ratio of 18.09 and a beta of 1.11. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27.

Stifel Financial (NYSE:SF) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $2.23 EPS for the quarter, topping analysts’ consensus estimates 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, equities analysts predict that Stifel Financial will post 7.91 earnings per share for the current year.

Stifel Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a dividend of $0.46 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.84 annualized dividend and a yield of 1.63%. This is a boost from Stifel Financial’s previous quarterly dividend of $0.42. Stifel Financial’s payout ratio is currently 26.92%.

Insiders Place Their Bets

In other Stifel Financial news, COO David D. Sliney sold 25,000 shares of Stifel Financial stock in a transaction that occurred on Tuesday, November 12th. The shares were 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 directly owns 159,619 shares in the company, valued at $18,544,535.42. The trade was a 13.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 4.57% of the company’s stock.

Institutional Trading of Stifel Financial

Institutional investors and hedge funds have recently made changes to their positions in the stock. V Square Quantitative Management LLC bought a new stake in shares of Stifel Financial in the 4th quarter worth approximately $26,000. Waldron Private Wealth LLC purchased a new position in Stifel Financial during the 3rd quarter valued at about $34,000. GAMMA Investing LLC raised its holdings in shares of Stifel Financial by 27.7% during the third quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 109 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Stifel Financial by 46.5% in the 4th quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 145 shares during the period. Finally, Mather Group LLC. boosted its position in Stifel Financial by 14.6% during the 4th quarter. Mather Group LLC. now owns 707 shares of the financial services provider’s stock valued at $75,000 after acquiring an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 82.01% of the company’s stock.

About Stifel Financial

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.