Stifel Financial (SF) Price Target Raised to $70.00
SF has been the subject of a number of other research reports. Instinet upgraded shares of Stifel Financial from a neutral rating to a buy rating in a research note on Wednesday. Zacks Investment Research upgraded shares of Stifel Financial from a hold rating to a buy rating and set a $61.00 price target for the company in a research note on Thursday, October 5th. Finally, Nomura upgraded shares of Stifel Financial from a neutral rating to a buy rating and increased their price target for the company from $58.00 to $77.00 in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Stifel Financial has a consensus rating of Buy and a consensus price target of $63.83.
Shares of Stifel Financial (NYSE SF) traded up $1.69 during mid-day trading on Thursday, reaching $64.54. 916,285 shares of the company’s stock were exchanged, compared to its average volume of 375,335. The firm has a market capitalization of $4,418.86, a PE ratio of 20.11, a P/E/G ratio of 1.34 and a beta of 1.71. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.68. Stifel Financial has a 12-month low of $41.93 and a 12-month high of $64.63.
Stifel Financial (NYSE:SF) last announced its quarterly earnings results on Monday, October 30th. The financial services provider reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.06. The firm had revenue of $721.20 million during the quarter, compared to analysts’ expectations of $701.12 million. Stifel Financial had a net margin of 7.61% and a return on equity of 9.78%. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.69 earnings per share. research analysts expect that Stifel Financial will post 3.44 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date was Thursday, November 30th. Stifel Financial’s dividend payout ratio is presently 15.94%.
In other news, Vice Chairman Ben A. Plotkin sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $53.70, for a total transaction of $1,074,000.00. Following the completion of the sale, the insider now owns 96,226 shares in the company, valued at approximately $5,167,336.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Thomas B. Michaud sold 24,536 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $52.40, for a total transaction of $1,285,686.40. Following the sale, the insider now owns 60,589 shares of the company’s stock, valued at approximately $3,174,863.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,304 shares of company stock valued at $2,869,480. 3.60% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. AXA lifted its stake in shares of Stifel Financial by 11.4% during the 3rd quarter. AXA now owns 153,200 shares of the financial services provider’s stock worth $8,190,000 after buying an additional 15,700 shares during the last quarter. California Public Employees Retirement System raised its stake in Stifel Financial by 2.7% in the 3rd quarter. California Public Employees Retirement System now owns 171,664 shares of the financial services provider’s stock worth $9,177,000 after purchasing an additional 4,447 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in Stifel Financial by 4.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 91,434 shares of the financial services provider’s stock worth $4,888,000 after purchasing an additional 3,561 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Stifel Financial in the 3rd quarter worth about $137,000. Finally, Point72 Asset Management L.P. acquired a new stake in Stifel Financial in the 3rd quarter worth about $743,000. Institutional investors own 88.54% of the company’s stock.
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Stifel Financial Company Profile
Stifel Financial Corp. is a financial holding company. Its principal subsidiary is Stifel, Nicolaus & Company, Incorporated, a retail and institutional wealth management and investment banking firm. It operates through three segments: Global Wealth Management, Institutional Group and Other. The Global Wealth Management segment consists of the Private Client Group and Stifel Bank businesses.
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