Stifel Financial (NYSE:SF) Given New $115.00 Price Target at Citigroup

Stifel Financial (NYSE:SF) had its target price lifted by Citigroup from $110.00 to $115.00 in a report issued on Friday morning,Benzinga reports. The firm currently has a neutral rating on the financial services provider’s stock.

A number of other equities analysts also recently weighed in on the stock. JMP Securities lifted 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 note on Wednesday, October 9th. The Goldman Sachs Group lifted their price objective on Stifel Financial from $85.00 to $94.00 and gave the stock a “neutral” rating in a research report on Thursday, September 26th. StockNews.com lowered Stifel Financial from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. TD Cowen lifted their target price on Stifel Financial from $100.00 to $105.00 and gave the stock a “hold” rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. started coverage on Stifel Financial in a report on Tuesday, December 10th. They set a “neutral” rating and a $120.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Stifel Financial presently has an average rating of “Hold” and a consensus target price of $107.43.

Stifel Financial Price Performance

Shares of NYSE:SF opened at $104.14 on Friday. The firm has a market cap of $10.66 billion, a PE ratio of 18.83 and a beta of 1.11. Stifel Financial has a 52 week low of $68.09 and a 52 week high of $119.12. The firm’s fifty day moving average is $110.80 and its 200-day moving average is $96.43. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82.

Stifel Financial (NYSE:SF) last issued 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). The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.20 billion. Stifel Financial had a net margin of 12.98% and a return on equity of 14.92%. The company’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.60 EPS. Sell-side analysts predict that Stifel Financial will post 6.5 earnings per share for the current year.

Stifel Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend was Monday, December 2nd. Stifel Financial’s payout ratio is currently 30.38%.

Insider Transactions at Stifel Financial

In related news, COO David D. Sliney sold 25,000 shares of Stifel Financial stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $116.18, for a total transaction of $2,904,500.00. Following the completion of the sale, the chief operating officer now owns 159,619 shares of the company’s stock, valued at approximately $18,544,535.42. This trade represents a 13.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.57% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of SF. CIBC Asset Management Inc lifted its position in Stifel Financial by 3.5% during the third quarter. CIBC Asset Management Inc now owns 3,019 shares of the financial services provider’s stock valued at $283,000 after purchasing an additional 102 shares during the last quarter. GAMMA Investing LLC grew its position in Stifel Financial by 27.7% in the third quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 109 shares in the last quarter. Tributary Capital Management LLC increased its stake in Stifel Financial by 1.0% in the third quarter. Tributary Capital Management LLC now owns 12,603 shares of the financial services provider’s stock valued at $1,183,000 after acquiring an additional 126 shares during the last quarter. CWM LLC increased its stake in Stifel Financial by 3.8% in the third quarter. CWM LLC now owns 3,940 shares of the financial services provider’s stock valued at $370,000 after acquiring an additional 145 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in Stifel Financial by 46.5% during the fourth quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 145 shares during the last quarter. Hedge funds and other 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.