JMP Securities Boosts Stifel Financial (NYSE:SF) Price Target to $130.00

Stifel Financial (NYSE:SF - Free Report) had its price objective boosted by JMP Securities from $120.00 to $130.00 in a research note released on Monday morning,Benzinga reports. The firm currently has a market outperform rating on the financial services provider's stock.

Several other analysts have also recently commented on the stock. Wells Fargo & Company lifted their target price on shares of Stifel Financial from $102.00 to $125.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Citigroup upped their target price on Stifel Financial from $94.00 to $115.00 and gave the company a "neutral" rating in a research note on Monday, July 7th. Wall Street Zen raised Stifel Financial from a "sell" rating to a "hold" rating in a research note on Sunday. The Goldman Sachs Group lowered their price target on Stifel Financial from $121.00 to $105.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Finally, JPMorgan Chase & Co. cut their price objective on shares of Stifel Financial from $123.00 to $100.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Stifel Financial currently has a consensus rating of "Hold" and a consensus price target of $110.88.

Stifel Financial Price Performance

SF stock traded up $1.72 on Monday, reaching $109.27. The company had a trading volume of 195,649 shares, compared to its average volume of 689,329. The company's fifty day moving average is $99.56 and its 200 day moving average is $99.61. The company has a market cap of $11.23 billion, a P/E ratio of 20.89 and a beta of 1.09. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 0.81. 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 announced its earnings results on Wednesday, April 23rd. The financial services provider reported $0.49 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($1.15). Stifel Financial had a net margin of 12.26% and a return on equity of 13.88%. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the firm posted $1.49 EPS. The company's revenue for the quarter was up 7.9% compared to the same quarter last year. On average, research analysts forecast that Stifel Financial will post 8.26 earnings per share for the current year.

Stifel Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.68%. The ex-dividend date was Monday, June 2nd. Stifel Financial's dividend payout ratio is currently 35.18%.

Insider Activity

In related news, Director Michael J. Zimmerman sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $96.69, for a total value of $966,900.00. Following the transaction, the director owned 45,833 shares in the company, valued at approximately $4,431,592.77. This trade represents a 17.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.28% of the company's stock.

Institutional Investors Weigh In On Stifel Financial

Institutional investors have recently bought and sold shares of the business. NBC Securities Inc. acquired a new position in shares of Stifel Financial during the 1st quarter valued at $26,000. Alpine Bank Wealth Management purchased a new position in Stifel Financial in the first quarter valued at about $27,000. Allworth Financial LP lifted its stake in shares of 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 in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Stifel Financial by 123.6% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the financial services provider's stock worth $31,000 after purchasing an additional 183 shares in the last quarter. Finally, Bessemer Group Inc. boosted its position in shares of Stifel Financial by 52.1% in the fourth quarter. Bessemer Group Inc. now owns 321 shares of the financial services provider's stock worth $34,000 after buying an additional 110 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., 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.