Wells Fargo & Company Raises Stifel Financial (NYSE:SF) Price Target to $108.00

Stifel Financial (NYSE:SF) had its price objective lifted by Wells Fargo & Company from $101.00 to $108.00 in a report published on Wednesday morning, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the financial services provider’s stock.

SF has been the topic of a number of other reports. JMP Securities lifted their price target on Stifel Financial from $105.00 to $110.00 and gave the stock a market outperform rating in a research note on Wednesday. Wolfe Research downgraded shares of Stifel Financial from an outperform rating to a peer perform rating in a research note on Monday, July 22nd. The Goldman Sachs Group increased their price target 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. Citigroup boosted their price objective on shares of Stifel Financial from $90.00 to $102.00 and gave the company a neutral rating in a research report on Friday, September 27th. Finally, StockNews.com lowered shares of Stifel Financial from a buy rating to a hold rating in a report on Thursday, October 3rd. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Stifel Financial has an average rating of Hold and an average price target of $96.67.

Stifel Financial Price Performance

Shares of Stifel Financial stock opened at $97.44 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.80 and a current ratio of 0.84. Stifel Financial has a 52-week low of $54.81 and a 52-week high of $98.40. The company has a fifty day moving average of $88.00 and a 200-day moving average of $83.29. The stock has a market capitalization of $9.98 billion, a price-to-earnings ratio of 22.15 and a beta of 1.09.

Stifel Financial (NYSE:SF) last posted its quarterly 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. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion. Stifel Financial had a net margin of 11.59% and a return on equity of 13.24%. The company’s revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.20 earnings per share. Equities research analysts expect that Stifel Financial will post 6.55 EPS for the current year.

Stifel Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date was Tuesday, September 3rd. Stifel Financial’s payout ratio is 38.18%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Stifel Financial by 3.9% during the first quarter. Vanguard Group Inc. now owns 10,461,734 shares of the financial services provider’s stock valued at $817,794,000 after purchasing an additional 391,384 shares in the last quarter. Earnest Partners LLC boosted its holdings in shares of Stifel Financial by 0.8% during the 2nd quarter. Earnest Partners LLC now owns 2,954,099 shares of the financial services provider’s stock valued at $248,587,000 after buying an additional 22,040 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Stifel Financial by 0.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,007,738 shares of the financial services provider’s stock worth $168,932,000 after buying an additional 7,113 shares during the period. LSV Asset Management increased its stake in shares of Stifel Financial by 3.2% in the 1st quarter. LSV Asset Management now owns 1,799,270 shares of the financial services provider’s stock worth $140,649,000 after acquiring an additional 56,570 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in Stifel Financial by 12.8% during the 1st quarter. Principal Financial Group Inc. now owns 1,332,258 shares of the financial services provider’s stock valued at $104,143,000 after acquiring an additional 151,046 shares during the period. Institutional investors own 82.01% of the company’s stock.

About Stifel Financial

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.