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

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

SF has been the topic of several other reports. Wells Fargo & Company increased their price objective on shares of Stifel Financial from $108.00 to $113.00 and gave the company an “overweight” rating in a research report on Thursday. Citigroup raised their price target on shares of Stifel Financial from $90.00 to $102.00 and gave the company a “neutral” rating in a report on Friday, September 27th. JMP Securities raised their price target on shares of Stifel Financial from $105.00 to $110.00 and gave the company a “market outperform” rating in a report on Wednesday, October 9th. The Goldman Sachs Group raised their price target 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, StockNews.com downgraded 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 assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $100.33.

Stifel Financial Stock Performance

Shares of SF stock opened at $103.49 on Thursday. Stifel Financial has a one year low of $55.01 and a one year high of $105.35. The company’s 50-day moving average is $91.97 and its 200 day moving average is $84.98. The company has a market capitalization of $10.61 billion, a price-to-earnings ratio of 21.97 and a beta of 1.09. 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 (NYSE:SF) last announced its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $1.50 EPS for the quarter, missing the consensus estimate of $1.60 by ($0.10). Stifel Financial had a net margin of 11.59% and a return on equity of 13.24%. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the company posted $0.60 earnings per share. The business’s revenue for the quarter was up 17.2% compared to the same quarter last year. Sell-side analysts expect that Stifel Financial will post 6.49 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. Investors of record on Tuesday, September 3rd were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date was Tuesday, September 3rd. Stifel Financial’s payout ratio is 35.67%.

Hedge Funds Weigh In On Stifel Financial

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in Stifel Financial by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 10,461,734 shares of the financial services provider’s stock worth $817,794,000 after acquiring an additional 391,384 shares during the period. Earnest Partners LLC raised its stake in 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 worth $248,587,000 after acquiring an additional 22,040 shares during the period. Dimensional Fund Advisors LP raised its stake in 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 acquiring an additional 7,113 shares during the period. LSV Asset Management raised its stake in Stifel Financial by 3.2% during 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 during the period. Finally, Bank of New York Mellon Corp raised its stake in Stifel Financial by 0.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,189,048 shares of the financial services provider’s stock worth $100,058,000 after acquiring an additional 7,348 shares during the period. Hedge funds and other 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.