TD Cowen Raises Stifel Financial (NYSE:SF) Price Target to $105.00

Stifel Financial (NYSE:SF) had its target price boosted by TD Cowen from $100.00 to $105.00 in a research report released on Thursday morning, Benzinga reports. TD Cowen currently has a hold rating on the financial services provider’s stock.

Other research analysts have also recently issued reports about the stock. StockNews.com cut shares of Stifel Financial from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. JMP Securities increased their price target on shares of Stifel Financial from $105.00 to $110.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 9th. Wells Fargo & Company increased their price target on shares of Stifel Financial from $108.00 to $113.00 and gave the company an “overweight” rating in a research report on Thursday. Wolfe Research lowered shares of Stifel Financial from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 22nd. Finally, The Goldman Sachs Group increased their price objective on shares of Stifel Financial from $85.00 to $94.00 and gave the company a “neutral” rating in a research report on Thursday, September 26th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $100.33.

Stifel Financial Trading Down 0.7 %

Stifel Financial stock opened at $103.49 on Thursday. The stock has a market cap of $10.61 billion, a P/E ratio of 21.97 and a beta of 1.09. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.80. Stifel Financial has a 1 year low of $55.01 and a 1 year high of $105.35. The firm’s 50 day moving average price is $91.97 and its 200-day moving average price is $84.98.

Stifel Financial (NYSE:SF) last announced its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share for the quarter, missing the consensus estimate of $1.60 by ($0.10). Stifel Financial had a return on equity of 13.24% and a net margin of 11.59%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the firm posted $0.60 EPS. The company’s revenue for the quarter was up 17.2% on a year-over-year basis. On average, equities analysts predict that Stifel Financial will post 6.49 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were issued a $0.42 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $1.68 annualized dividend and a yield of 1.62%. Stifel Financial’s dividend payout ratio (DPR) is currently 35.67%.

Institutional Trading of Stifel Financial

Institutional investors and hedge funds have recently bought and sold shares of the stock. First Trust Direct Indexing L.P. grew its position in Stifel Financial by 8.5% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 2,915 shares of the financial services provider’s stock valued at $274,000 after acquiring an additional 228 shares in the last quarter. Tributary Capital Management LLC lifted its stake in Stifel Financial by 1.0% during the third quarter. Tributary Capital Management LLC now owns 12,603 shares of the financial services provider’s stock worth $1,183,000 after purchasing an additional 126 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in Stifel Financial by 2.2% during the third quarter. State of Alaska Department of Revenue now owns 36,642 shares of the financial services provider’s stock worth $3,439,000 after purchasing an additional 805 shares during the last quarter. Busey Bank lifted its stake in Stifel Financial by 7.0% in the third quarter. Busey Bank now owns 3,006 shares of the financial services provider’s stock valued at $282,000 after buying an additional 196 shares during the last quarter. Finally, Stanley Laman Group Ltd. lifted its stake in Stifel Financial by 4.3% in the third quarter. Stanley Laman Group Ltd. now owns 47,895 shares of the financial services provider’s stock valued at $4,497,000 after buying an additional 1,969 shares during the last quarter. 82.01% of the stock is currently owned by hedge funds and other 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.