Stifel Financial (NYSE:SF) Price Target Lowered to $128.00 at Wells Fargo & Company

Stifel Financial (NYSE:SF) had its price objective decreased by Wells Fargo & Company from $130.00 to $128.00 in a research report sent to investors on Tuesday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the financial services provider’s stock.

Other analysts also recently issued reports about the company. TD Cowen boosted their target price on Stifel Financial from $100.00 to $105.00 and gave the company a “hold” rating in a report on Thursday, October 24th. Citigroup boosted their price objective on Stifel Financial from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. JMP Securities raised their target price on shares of Stifel Financial from $105.00 to $110.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group lifted their target price on shares of Stifel Financial from $85.00 to $94.00 and gave the company a “neutral” rating in a report on Thursday, September 26th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Stifel Financial in a research note on Tuesday, December 10th. They set a “neutral” rating and a $120.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $107.14.

Stifel Financial Stock Performance

Shares of Stifel Financial stock opened at $107.57 on Tuesday. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. Stifel Financial has a 52 week low of $68.09 and a 52 week high of $119.12. The firm’s 50 day moving average is $110.99 and its two-hundred day moving average is $97.15. The firm has a market capitalization of $11.01 billion, a P/E ratio of 19.45 and a beta of 1.11.

Stifel Financial (NYSE:SF) last posted its earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.10). Stifel Financial had a net margin of 12.98% and a return on equity of 14.92%. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the business earned $0.60 earnings per share. The company’s quarterly revenue was up 17.2% on a year-over-year basis. Research analysts forecast that Stifel Financial will post 6.5 EPS for the current fiscal year.

Stifel Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a $0.42 dividend. The ex-dividend date was Monday, December 2nd. This represents a $1.68 annualized dividend and a yield of 1.56%. Stifel Financial’s dividend payout ratio is currently 30.38%.

Insider Transactions at Stifel Financial

In related news, COO David D. Sliney sold 25,000 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $116.18, for a total transaction of $2,904,500.00. Following the completion of the transaction, the chief operating officer now directly owns 159,619 shares of the company’s stock, valued at $18,544,535.42. This represents a 13.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 4.57% of the company’s stock.

Hedge Funds Weigh In On Stifel Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC lifted its holdings in shares of Stifel Financial by 18.8% in the 3rd quarter. FMR LLC now owns 7,956,412 shares of the financial services provider’s stock valued at $747,107,000 after buying an additional 1,256,595 shares during the period. State Street Corp raised its position in Stifel Financial by 1.0% in the third quarter. State Street Corp now owns 3,122,342 shares of the financial services provider’s stock worth $293,188,000 after acquiring an additional 31,101 shares in the last quarter. Earnest Partners LLC lifted its holdings in Stifel Financial by 0.8% in the second quarter. Earnest Partners LLC now owns 2,954,099 shares of the financial services provider’s stock valued at $248,587,000 after acquiring an additional 22,040 shares during the period. Stifel Financial Corp boosted its position in shares of Stifel Financial by 1.5% during the 3rd quarter. Stifel Financial Corp now owns 2,279,267 shares of the financial services provider’s stock worth $214,023,000 after purchasing an additional 33,953 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Stifel Financial by 0.4% during 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 purchasing an additional 7,113 shares during the period. Institutional investors and hedge funds 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.