Stifel Financial (NYSE:SF) Given New $94.00 Price Target at The Goldman Sachs Group

Stifel Financial (NYSE:SF) had its price target increased by The Goldman Sachs Group from $85.00 to $94.00 in a report published on Thursday, Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the financial services provider’s stock.

Several other equities analysts have also commented on the company. Wells Fargo & Company began coverage on Stifel Financial in a research report on Thursday, September 12th. They set an overweight rating and a $101.00 price objective for the company. TD Cowen raised their price objective on Stifel Financial from $85.00 to $88.00 and gave the company a hold rating in a research report on Thursday, July 25th. StockNews.com lowered Stifel Financial from a buy rating to a hold rating in a research report on Friday, September 20th. JMP Securities reissued a market outperform rating and set a $105.00 price objective on shares of Stifel Financial in a research report on Monday, September 9th. Finally, Wolfe Research lowered Stifel Financial from an outperform rating to a peer perform rating in a research report on Monday, July 22nd. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Stifel Financial currently has a consensus rating of Hold and an average price target of $94.67.

Stifel Financial Stock Performance

Shares of SF stock opened at $93.66 on Thursday. The stock has a fifty day moving average of $86.04 and a 200 day moving average of $81.92. Stifel Financial has a 52 week low of $54.81 and a 52 week high of $94.18. The firm has a market capitalization of $9.60 billion, a price-to-earnings ratio of 21.29 and a beta of 1.09. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 0.38.

Stifel Financial (NYSE:SF) last announced its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.06. The company had revenue of $1.22 billion during 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%. The firm’s revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.20 earnings per share. As a group, research analysts expect that Stifel Financial will post 6.55 earnings per share for the current year.

Stifel Financial Announces Dividend

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

Institutional Investors Weigh In On Stifel Financial

Several large investors have recently bought and sold shares of SF. Versant Capital Management Inc increased its holdings 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 worth $26,000 after buying an additional 291 shares in the last quarter. Fidelis Capital Partners LLC bought a new stake in Stifel Financial in the 1st quarter worth about $32,000. Mitsubishi UFJ Trust & Banking Corp bought a new stake in Stifel Financial in the 1st quarter worth about $33,000. Bessemer Group Inc. increased its holdings in Stifel Financial by 388.3% in the 1st quarter. Bessemer Group Inc. now owns 796 shares of the financial services provider’s stock worth $62,000 after buying an additional 633 shares in the last quarter. Finally, Rothschild Investment LLC bought a new stake in Stifel Financial in the 2nd quarter worth about $64,000. 82.01% of the stock is currently owned by institutional investors.

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.