Stifel Financial (NYSE:SF) Price Target Raised to $86.00

Stifel Financial (NYSE:SF) had its price objective boosted by JPMorgan Chase & Co. from $80.00 to $86.00 in a research note published on Thursday morning,Benzinga reports. They currently have a neutral rating on the financial services provider’s stock.

Other equities analysts also recently issued reports about the stock. Zacks Research raised shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. UBS Group set a $90.00 target price on shares of Stifel Financial in a research note on Thursday. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stifel Financial in a research note on Friday, May 29th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $91.67.

Stifel Financial Trading Up 1.4%

Shares of SF stock opened at $80.70 on Thursday. Stifel Financial has a 1-year low of $67.81 and a 1-year high of $89.83. The company has a market cap of $12.38 billion, a price-to-earnings ratio of 14.44 and a beta of 1.01. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.85 and a quick ratio of 0.80. The stock has a 50 day simple moving average of $73.36 and a 200-day simple moving average of $76.83.

Stifel Financial (NYSE:SF) last released its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.09. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Stifel Financial had a net margin of 16.11% and a return on equity of 19.32%. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.71 EPS. On average, equities research analysts expect that Stifel Financial will post 6.29 EPS for the current fiscal year.

Stifel Financial Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a dividend of $0.34 per share. The ex-dividend date was Monday, June 1st. This represents a $1.36 dividend on an annualized basis and a yield of 1.7%. Stifel Financial’s dividend payout ratio (DPR) is presently 24.33%.

Institutional Trading of Stifel Financial

Several large investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC increased its position in Stifel Financial by 94.8% during the fourth quarter. AQR Capital Management LLC now owns 2,893,850 shares of the financial services provider’s stock worth $362,368,000 after purchasing an additional 1,408,347 shares during the last quarter. Norges Bank acquired a new position in Stifel Financial in the 4th quarter valued at about $172,446,000. Dimensional Fund Advisors LP boosted its holdings in Stifel Financial by 51.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,616,616 shares of the financial services provider’s stock valued at $193,403,000 after purchasing an additional 890,810 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Stifel Financial by 58.7% in the 1st quarter. Bank of America Corp DE now owns 1,875,501 shares of the financial services provider’s stock valued at $138,637,000 after buying an additional 693,437 shares during the period. Finally, Marshall Wace LLP grew its stake in shares of Stifel Financial by 50.9% in the 4th quarter. Marshall Wace LLP now owns 1,284,806 shares of the financial services provider’s stock valued at $160,883,000 after buying an additional 433,341 shares during the period. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

About Stifel Financial

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full‐service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research‐driven insights.

The firm’s main business activities are organized into two core segments: Private Client Group and Institutional Group.