Wells Fargo & Company Raises Stifel Financial (NYSE:SF) Price Target to $113.00

Stifel Financial (NYSE:SF) had its target price increased by Wells Fargo & Company from $108.00 to $113.00 in a research report released on Thursday morning, Benzinga reports. The brokerage currently has an overweight rating on the financial services provider’s stock.

A number of other brokerages have also commented on SF. Citigroup increased their price objective on shares of Stifel Financial from $90.00 to $102.00 and gave the stock a “neutral” rating in a report on Friday, September 27th. JMP Securities increased their price target on shares of Stifel Financial from $105.00 to $110.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group boosted their price objective on shares of Stifel Financial from $85.00 to $94.00 and gave the stock a “neutral” rating in a research report on Thursday, September 26th. Wolfe Research downgraded Stifel Financial from an “outperform” rating to a “peer perform” rating in a report on Monday, July 22nd. Finally, StockNews.com cut Stifel Financial from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Stifel Financial presently has a consensus rating of “Hold” and an average price target of $100.33.

Stifel Financial Stock Performance

NYSE:SF opened at $103.49 on Thursday. The stock has a market capitalization of $10.60 billion, a P/E ratio of 23.52 and a beta of 1.09. Stifel Financial has a 1 year low of $55.01 and a 1 year high of $105.35. The firm has a 50 day moving average of $91.97 and a 200-day moving average of $85.04. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 0.38.

Stifel Financial (NYSE:SF) last issued its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($0.10). The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.20 billion. Stifel Financial had a net margin of 11.59% and a return on equity of 13.24%. The company’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.60 EPS. As a group, sell-side analysts anticipate that Stifel Financial will post 6.49 EPS for the current fiscal year.

Stifel Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were paid 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 of this dividend was Tuesday, September 3rd. Stifel Financial’s dividend payout ratio (DPR) is currently 38.18%.

Institutional Investors Weigh In On Stifel Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Versant Capital Management Inc grew its holdings in shares of Stifel Financial by 1,818.8% in the 2nd quarter. Versant Capital Management Inc now owns 307 shares of the financial services provider’s stock valued at $26,000 after buying an additional 291 shares during the period. Waldron Private Wealth LLC bought a new position in Stifel Financial during the third quarter worth about $34,000. Fidelis Capital Partners LLC acquired a new position in Stifel Financial in the first quarter valued at about $32,000. Mitsubishi UFJ Trust & Banking Corp acquired a new position in Stifel Financial in the first quarter valued at about $33,000. Finally, GAMMA Investing LLC increased its holdings in shares of 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. 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.