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

Key Points

• Stifel Financial Corporation has received a consensus rating of "Moderate Buy" from eight brokerages, with an average 1-year price target of $115.78.
• The company recently reported $1.71 EPS, exceeding analysts' expectations, and its revenue for the quarter was $1.28 billion, reflecting a 5.4% year-over-year increase.
• Stifel Financial declared a $0.46 quarterly dividend with a dividend yield of 1.6%, to be paid on September 16th.

Shares of Stifel Financial Corporation (NYSE:SF - Get Free Report) have received an average recommendation of "Moderate Buy" from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $115.7778.

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

Insider Buying and Selling at Stifel Financial

In other news, Director Michael J. Zimmerman sold 10,000 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $96.69, for a total value of $966,900.00. Following the completion of the transaction, the director owned 45,833 shares in the company, valued at $4,431,592.77. This trade represents a 17.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders bought 7 shares of company stock valued at $781. 3.28% of the stock is owned by company insiders.

Hedge Funds Weigh In On Stifel Financial

Hedge funds have recently modified their holdings of the stock. Orion Porfolio Solutions LLC grew its holdings in Stifel Financial by 2.0% during the second quarter. Orion Porfolio Solutions LLC now owns 49,437 shares of the financial services provider's stock worth $5,131,000 after purchasing an additional 962 shares during the period. Thrivent Financial for Lutherans raised its position in shares of Stifel Financial by 0.4% in the second quarter. Thrivent Financial for Lutherans now owns 65,894 shares of the financial services provider's stock valued at $6,839,000 after buying an additional 232 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Stifel Financial in the second quarter valued at approximately $680,000. Castleark Management LLC raised its position in Stifel Financial by 12.0% during the second quarter. Castleark Management LLC now owns 84,410 shares of the financial services provider's stock valued at $8,760,000 after purchasing an additional 9,040 shares in the last quarter. Finally, Corient Private Wealth LLC raised its position in Stifel Financial by 134.9% during the second quarter. Corient Private Wealth LLC now owns 21,591 shares of the financial services provider's stock valued at $2,249,000 after purchasing an additional 12,401 shares in the last quarter. Institutional investors own 82.01% of the company's stock.

Stifel Financial Trading Down 0.0%

Stifel Financial stock traded down $0.01 during mid-day trading on Tuesday, hitting $116.37. 544,682 shares of the company's stock were exchanged, compared to its average volume of 708,978. The firm has a market capitalization of $11.89 billion, a P/E ratio of 22.55 and a beta of 1.11. Stifel Financial has a fifty-two week low of $73.27 and a fifty-two week high of $120.64. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 0.28. The company's 50 day simple moving average is $110.00 and its 200-day simple moving average is $99.91.

Stifel Financial (NYSE:SF - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $1.71 EPS for the quarter, topping 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 firm's revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.60 EPS. On average, equities analysts anticipate that Stifel Financial will post 8.26 earnings per share for the current year.

Stifel Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a $0.46 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $1.84 annualized dividend and a dividend yield of 1.6%. Stifel Financial's dividend payout ratio (DPR) is presently 35.66%.

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.