Stifel Financial (NYSE:SF) Price Target Cut to $105.00 by Analysts at The Goldman Sachs Group

Stifel Financial (NYSE:SF) had its price objective cut by The Goldman Sachs Group from $121.00 to $105.00 in a report published on Thursday,Benzinga reports. They currently have a neutral rating on the financial services provider’s stock.

A number of other brokerages have also recently commented on SF. JPMorgan Chase & Co. assumed coverage on shares of Stifel Financial in a research report on Tuesday, December 10th. They set a “neutral” rating and a $120.00 price target on the stock. Citigroup lowered their price target on shares of Stifel Financial from $125.00 to $105.00 and set a “neutral” rating for the company in a research note on Wednesday. Wells Fargo & Company raised their price objective on Stifel Financial from $128.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. JMP Securities boosted their target price on Stifel Financial from $125.00 to $135.00 and gave the company a “market outperform” rating in a research note on Thursday, January 30th. Finally, UBS Group raised their price target on Stifel Financial from $116.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $117.86.

Stifel Financial Trading Down 8.4 %

NYSE:SF opened at $78.82 on Thursday. Stifel Financial has a 52 week low of $73.51 and a 52 week high of $120.64. The firm has a 50-day moving average price of $103.18 and a two-hundred day moving average price of $105.25. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. The firm has a market cap of $8.18 billion, a price-to-earnings ratio of 12.63 and a beta of 1.08.

Stifel Financial (NYSE:SF) last posted its earnings results on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.27. Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. On average, equities analysts expect that Stifel Financial will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.84 annualized dividend and a yield of 2.33%. This is a positive change from Stifel Financial’s previous quarterly dividend of $0.42. Stifel Financial’s dividend payout ratio (DPR) is currently 29.49%.

Institutional Trading of Stifel Financial

Hedge funds and other institutional investors have recently modified their holdings of the business. Barclays PLC boosted its stake in Stifel Financial by 62.2% during the third quarter. Barclays PLC now owns 107,397 shares of the financial services provider’s stock worth $10,086,000 after acquiring an additional 41,171 shares in the last quarter. TT International Asset Management LTD purchased a new position in shares of Stifel Financial during the fourth quarter valued at approximately $2,759,000. V Square Quantitative Management LLC bought a new stake in shares of Stifel Financial in the 4th quarter worth approximately $26,000. Park Avenue Securities LLC increased its position in Stifel Financial by 31.1% during the 4th quarter. Park Avenue Securities LLC now owns 18,584 shares of the financial services provider’s stock valued at $1,971,000 after buying an additional 4,413 shares in the last quarter. Finally, State Street Corp raised its stake in Stifel Financial by 1.0% during the third quarter. State Street Corp now owns 3,122,342 shares of the financial services provider’s stock valued at $293,188,000 after buying an additional 31,101 shares during the last quarter. 82.01% of the stock is owned by hedge funds and other institutional investors.

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.