Analysts Set Stifel Financial Corporation (NYSE:SF) Target Price at $115.78

Key Points

• Stifel Financial Corporation received a consensus recommendation of "Hold" from analysts, with five recommending hold and four recommending buy.
• The company's latest earnings report showed an EPS of $1.71, surpassing analysts' estimates of $1.65, and a revenue of $1.28 billion, reflecting a 5.4% increase year-over-year.
• Stifel Financial recently declared a quarterly dividend of $0.46 per share, representing an annual dividend yield of 1.6%.

Shares of Stifel Financial Corporation (NYSE:SF - Get Free Report) have been assigned a consensus rating of "Hold" from the nine brokerages that are currently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $115.7778.

A number of research analysts have issued reports on the stock. JMP Securities upped their target price on shares of Stifel Financial from $120.00 to $130.00 and gave the company a "market outperform" rating in a report on Monday, July 14th. Stifel Nicolaus set a $135.00 price objective on shares of Stifel Financial in a research report on Thursday, July 31st. Wells Fargo & Company raised their target price on shares of Stifel Financial from $102.00 to $125.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Wall Street Zen raised shares of Stifel Financial from a "sell" rating to a "hold" rating in a research note on Sunday, August 3rd. Finally, Citigroup upgraded Stifel Financial from a "neutral" rating to a "buy" rating and boosted their price target for the company from $115.00 to $135.00 in a report on Thursday, July 31st.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. NBC Securities Inc. acquired a new stake in shares of Stifel Financial in the first quarter worth approximately $26,000. Alpine Bank Wealth Management acquired a new position in Stifel Financial during the first quarter worth approximately $27,000. Allworth Financial LP raised its stake in Stifel Financial by 67.7% during the first quarter. Allworth Financial LP now owns 337 shares of the financial services provider's stock worth $29,000 after purchasing an additional 136 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Stifel Financial by 123.6% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 183 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its holdings in shares of Stifel Financial by 5,528.6% in the 2nd quarter. Hantz Financial Services Inc. now owns 394 shares of the financial services provider's stock valued at $41,000 after purchasing an additional 387 shares during the last quarter. Institutional investors and hedge funds own 82.01% of the company's stock.

Stifel Financial Price Performance

NYSE:SF traded up $1.74 during trading hours on Friday, reaching $116.31. 87,079 shares of the company traded hands, compared to its average volume of 785,722. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.82 and a quick ratio of 0.77. The firm's 50-day moving average is $112.94 and its 200-day moving average is $100.88. The stock has a market cap of $11.88 billion, a P/E ratio of 22.54 and a beta of 1.13. Stifel Financial has a 1-year low of $73.27 and a 1-year high of $120.64.

Stifel Financial (NYSE:SF - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.06. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.25 billion. Stifel Financial had a return on equity of 13.93% and a net margin of 11.90%.The business's revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.60 earnings per share. Equities research analysts expect that Stifel Financial will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were given a dividend of $0.46 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $1.84 annualized dividend and a yield of 1.6%. Stifel Financial's dividend payout ratio is 35.66%.

About Stifel Financial

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.