Citigroup Boosts Stifel Financial (NYSE:SF) Price Target to $102.00

Stifel Financial (NYSE:SF) had its price target boosted by Citigroup from $90.00 to $102.00 in a research report released on Friday morning, Benzinga reports. Citigroup currently has a neutral rating on the financial services provider’s stock.

SF has been the topic of several other reports. Wells Fargo & Company started coverage on shares of Stifel Financial in a research note on Thursday, September 12th. They set an overweight rating and a $101.00 target price on the stock. JMP Securities reaffirmed a market outperform rating and set a $105.00 target price on shares of Stifel Financial in a research note on Monday, September 9th. Wolfe Research lowered shares of Stifel Financial from an outperform rating to a peer perform rating in a research report on Monday, July 22nd. TD Cowen boosted their price objective on shares of Stifel Financial from $85.00 to $88.00 and gave the company a hold rating in a research report on Thursday, July 25th. Finally, StockNews.com lowered shares of Stifel Financial from a buy rating to a hold rating in a research note on Friday, September 20th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Hold and an average price target of $94.67.

Stifel Financial Stock Up 0.8 %

SF stock opened at $93.66 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.80. The firm has a market cap of $9.60 billion, a PE ratio of 21.29 and a beta of 1.09. Stifel Financial has a 12 month low of $54.81 and a 12 month high of $94.18. The firm has a 50 day simple moving average of $86.04 and a 200 day simple moving average of $81.92.

Stifel Financial (NYSE:SF) last announced its earnings results on Wednesday, July 24th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.06. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. Stifel Financial had a return on equity of 13.24% and a net margin of 11.59%. Stifel Financial’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.20 earnings per share. Equities research analysts forecast that Stifel Financial will post 6.55 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend was Tuesday, September 3rd. Stifel Financial’s payout ratio is presently 38.18%.

Institutional Trading of Stifel Financial

Several large investors have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC lifted its holdings in Stifel Financial by 0.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 22,537 shares of the financial services provider’s stock worth $1,558,000 after purchasing an additional 141 shares during the last quarter. Delphi Management Inc. MA lifted its stake in shares of Stifel Financial by 0.8% in the second quarter. Delphi Management Inc. MA now owns 22,778 shares of the financial services provider’s stock worth $1,917,000 after buying an additional 176 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Stifel Financial by 2.9% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 10,116 shares of the financial services provider’s stock worth $851,000 after buying an additional 284 shares during the period. Versant Capital Management Inc grew its stake in Stifel Financial by 1,818.8% in the 2nd quarter. Versant Capital Management Inc now owns 307 shares of the financial services provider’s stock valued at $26,000 after buying an additional 291 shares during the last quarter. Finally, Fulton Bank N.A. lifted its position in Stifel Financial by 7.6% during the 1st quarter. Fulton Bank N.A. now owns 5,175 shares of the financial services provider’s stock worth $405,000 after acquiring an additional 366 shares during the last quarter. 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.