Stifel Financial Corp. (NYSE:SF) Receives $117.71 Average Price Target from Analysts

Shares of Stifel Financial Corp. (NYSE:SF) have been assigned an average recommendation of “Hold” from the eight brokerages that are covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $117.71.

Several research analysts have recently commented on the stock. JPMorgan Chase & Co. initiated coverage on shares of Stifel Financial in a research note on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 price objective for the company. UBS Group boosted their price target on shares of Stifel Financial from $116.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Wells Fargo & Company increased their price objective on Stifel Financial from $128.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. JMP Securities boosted their target price on 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, Citigroup upped their price target on Stifel Financial from $110.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, January 10th.

Stifel Financial Stock Up 0.3 %

Stifel Financial stock opened at $94.17 on Friday. The company has a market capitalization of $9.77 billion, a PE ratio of 15.09 and a beta of 1.08. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. Stifel Financial has a fifty-two week low of $73.51 and a fifty-two week high of $120.64. The firm has a 50 day moving average price of $105.26 and a 200 day moving average price of $105.34.

Stifel Financial (NYSE:SF) last issued its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share for the quarter, beating 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%. Research analysts expect that Stifel Financial will post 8.26 earnings per share for the current year.

Stifel Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.95%. The ex-dividend date was Monday, March 3rd. This is a positive change from Stifel Financial’s previous quarterly dividend of $0.42. Stifel Financial’s dividend payout ratio (DPR) is 29.49%.

Hedge Funds Weigh In On Stifel Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC lifted its position in shares of Stifel Financial by 8.5% during the 4th quarter. FMR LLC now owns 8,628,832 shares of the financial services provider’s stock worth $915,346,000 after buying an additional 672,420 shares during the last quarter. State Street Corp increased its position in Stifel Financial by 1.0% during the third quarter. State Street Corp now owns 3,122,342 shares of the financial services provider’s stock worth $293,188,000 after buying an additional 31,101 shares during the period. Wellington Management Group LLP lifted its stake in Stifel Financial by 32.2% in the fourth quarter. Wellington Management Group LLP now owns 2,588,964 shares of the financial services provider’s stock valued at $274,637,000 after buying an additional 630,255 shares during the last quarter. Stifel Financial Corp boosted its holdings in shares of Stifel Financial by 1.5% in the third quarter. Stifel Financial Corp now owns 2,279,267 shares of the financial services provider’s stock valued at $214,023,000 after acquiring an additional 33,953 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Stifel Financial by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,696,605 shares of the financial services provider’s stock worth $159,355,000 after acquiring an additional 20,110 shares during the last quarter. 82.01% of the stock is owned by institutional investors and hedge funds.

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.