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

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

Several other equities research analysts also recently weighed in on SF. Wells Fargo & Company initiated coverage on Stifel Financial in a report on Thursday, September 12th. They issued an overweight rating and a $101.00 price objective for the company. JMP Securities reissued a market outperform rating and set a $105.00 price target on shares of Stifel Financial in a report on Monday, September 9th. TD Cowen upped their price objective on Stifel Financial from $85.00 to $88.00 and gave the company a hold rating in a research note on Thursday, July 25th. StockNews.com lowered Stifel Financial from a buy rating to a hold rating in a report on Friday, September 20th. Finally, The Goldman Sachs Group increased their price target on Stifel Financial from $85.00 to $94.00 and gave the stock a neutral rating in a report on Thursday. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Stifel Financial presently has a consensus rating of Hold and an average price target of $94.67.

Stifel Financial Stock Up 0.8 %

Stifel Financial stock opened at $93.66 on Friday. The stock has a market cap of $9.60 billion, a PE ratio of 21.29 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. The stock’s fifty day moving average is $86.04 and its two-hundred day moving average is $81.92. Stifel Financial has a 1-year low of $54.81 and a 1-year high of $94.18.

Stifel Financial (NYSE:SF) last issued its earnings results on Wednesday, July 24th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.06. Stifel Financial had a net margin of 11.59% and a return on equity of 13.24%. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the prior year, the business posted $1.20 EPS. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. On average, sell-side analysts expect that Stifel Financial will post 6.55 EPS for the current fiscal year.

Stifel Financial Dividend Announcement

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

Hedge Funds Weigh In On Stifel Financial

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