Stifel Financial (NYSE:SF) Price Target Raised to $130.00

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

Several other research firms have also recently issued reports on SF. Wolfe Research downgraded Stifel Financial from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 22nd. JMP Securities upped their price objective on shares of Stifel Financial from $105.00 to $110.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group boosted their price target on shares of Stifel Financial from $85.00 to $94.00 and gave the company a “neutral” rating in a report on Thursday, September 26th. TD Cowen raised their price objective on shares of Stifel Financial from $100.00 to $105.00 and gave the stock a “hold” rating in a research note on Thursday, October 24th. Finally, StockNews.com cut Stifel Financial from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Stifel Financial currently has a consensus rating of “Hold” and an average target price of $103.17.

Stifel Financial Trading Down 1.0 %

Stifel Financial stock opened at $114.44 on Wednesday. Stifel Financial has a 52-week low of $60.17 and a 52-week high of $118.12. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $11.71 billion, a price-to-earnings ratio of 20.69 and a beta of 1.08. The firm has a 50-day moving average price of $99.14 and a two-hundred day moving average price of $88.41.

Stifel Financial (NYSE:SF) last issued its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.10). Stifel Financial had a return on equity of 14.92% and a net margin of 12.98%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the company earned $0.60 earnings per share. The business’s quarterly revenue was up 17.2% compared to the same quarter last year. Sell-side analysts expect that Stifel Financial will post 6.44 earnings per share for the current year.

Stifel Financial Dividend Announcement

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

Insider Buying and Selling at Stifel Financial

In other news, COO David D. Sliney sold 25,000 shares of the firm’s stock in a transaction dated 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 owns 159,619 shares in the company, valued at approximately $18,544,535.42. This trade represents a 13.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 4.57% of the company’s stock.

Institutional Trading of Stifel Financial

Several large investors have recently modified their holdings of SF. Versant Capital Management Inc raised its stake in Stifel Financial by 1,818.8% during the 2nd quarter. Versant Capital Management Inc now owns 307 shares of the financial services provider’s stock worth $26,000 after buying an additional 291 shares during the period. Waldron Private Wealth LLC acquired a new position in shares of Stifel Financial during the third quarter valued at about $34,000. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Stifel Financial during the first quarter worth about $33,000. GAMMA Investing LLC raised its holdings in shares of Stifel Financial by 27.7% in the 3rd quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 109 shares during the last quarter. Finally, Rothschild Investment LLC bought a new position in Stifel Financial in the 2nd quarter valued at about $64,000. 82.01% of the stock is owned by institutional investors and hedge funds.

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.