UBS Group Issues Positive Forecast for Stifel Financial (NYSE:SF) Stock Price

Stifel Financial (NYSE:SF) had its price objective lifted by UBS Group from $116.00 to $120.00 in a report issued on Monday morning,Benzinga reports. The firm currently has a neutral rating on the financial services provider’s stock.

SF has been the subject of a number of other reports. Citigroup raised their target price on shares of Stifel Financial from $110.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, January 10th. JMP Securities raised their price objective on shares of Stifel Financial from $125.00 to $135.00 and gave the stock a “market outperform” rating in a research note on Thursday, January 30th. TD Cowen upped their price target on shares of Stifel Financial from $100.00 to $105.00 and gave the stock a “hold” rating in a report on Thursday, October 24th. Wells Fargo & Company lifted their target price on Stifel Financial from $128.00 to $135.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. began coverage on shares of Stifel Financial in a research note on Tuesday, December 10th. They set a “neutral” rating and a $120.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Stifel Financial currently has an average rating of “Hold” and an average target price of $117.71.

Stifel Financial Trading Down 2.6 %

Shares of NYSE:SF opened at $112.88 on Monday. The company has a market cap of $11.55 billion, a PE ratio of 18.09 and a beta of 1.11. Stifel Financial has a 12-month low of $72.78 and a 12-month high of $120.64. The stock has a 50 day moving average of $110.74 and a 200 day moving average of $100.21. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.27.

Stifel Financial (NYSE:SF) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $2.23 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.27. Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. As a group, equities research analysts expect that Stifel Financial will post 7.91 EPS for the current year.

Stifel Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.46 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.84 annualized dividend and a dividend yield of 1.63%. This is an increase from Stifel Financial’s previous quarterly dividend of $0.42. Stifel Financial’s dividend payout ratio is 26.92%.

Insider Transactions at Stifel Financial

In other news, COO David D. Sliney sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $116.18, for a total transaction of $2,904,500.00. Following the completion of the transaction, the chief operating officer now directly owns 159,619 shares of the company’s stock, valued at $18,544,535.42. This represents a 13.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 4.57% of the company’s stock.

Institutional Trading of Stifel Financial

A number of institutional investors have recently made changes to their positions in the company. V Square Quantitative Management LLC purchased a new stake in shares of Stifel Financial during the 4th quarter valued at approximately $26,000. Waldron Private Wealth LLC acquired a new stake in shares of Stifel Financial during the third quarter worth about $34,000. GAMMA Investing LLC boosted its position in Stifel Financial by 27.7% in the 3rd quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider’s stock valued at $47,000 after buying an additional 109 shares during the period. Versant Capital Management Inc grew its position in shares of Stifel Financial by 46.5% during the fourth quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider’s stock worth $48,000 after buying an additional 145 shares in the last quarter. Finally, Mather Group LLC. lifted its position in shares of Stifel Financial by 14.6% during the 4th quarter. Mather Group LLC. now owns 707 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 90 shares during the last quarter. 82.01% of the stock is owned by institutional investors and hedge funds.

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.