JMP Securities Boosts Stifel Financial (SF) Price Target to $65.00

Stifel Financial (NYSE:SF) had its price objective lifted by JMP Securities from $61.00 to $65.00 in a research note issued to investors on Monday, BenzingaRatingsTable reports. They currently have a market outperform rating on the financial services provider’s stock.

A number of other brokerages have also weighed in on SF. TheStreet lowered Stifel Financial from a b- rating to a c+ rating in a research report on Monday, December 24th. ValuEngine raised Stifel Financial from a sell rating to a hold rating in a research report on Saturday, January 19th. Wells Fargo & Co boosted their price target on Stifel Financial from $54.00 to $56.00 and gave the company a market perform rating in a research note on Friday, April 5th. Finally, Zacks Investment Research downgraded Stifel Financial from a strong-buy rating to a hold rating in a research note on Thursday, April 4th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $59.40.

Shares of NYSE:SF opened at $57.57 on Monday. Stifel Financial has a fifty-two week low of $38.39 and a fifty-two week high of $61.93. The company has a quick ratio of 0.68, a current ratio of 0.75 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of 10.90, a price-to-earnings-growth ratio of 1.30 and a beta of 1.85.

Stifel Financial (NYSE:SF) last issued its earnings results on Friday, February 1st. The financial services provider reported $1.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.48 by $0.09. Stifel Financial had a return on equity of 14.85% and a net margin of 13.02%. The business had revenue of $793.50 million during the quarter, compared to analyst estimates of $765.48 million. During the same quarter in the previous year, the firm earned $1.47 EPS. Stifel Financial’s revenue was down 1.3% on a year-over-year basis. Sell-side analysts forecast that Stifel Financial will post 5.54 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $0.15 per share. This is an increase from Stifel Financial’s previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date was Thursday, February 28th. Stifel Financial’s payout ratio is currently 11.36%.

In other Stifel Financial news, insider Victor Nesi sold 2,500 shares of the business’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $55.03, for a total transaction of $137,575.00. Following the completion of the sale, the insider now directly owns 186,160 shares in the company, valued at approximately $10,244,384.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director David A. Peacock purchased 2,000 shares of the business’s stock in a transaction on Tuesday, February 12th. The shares were purchased at an average price of $53.14 per share, with a total value of $106,280.00. The disclosure for this purchase can be found here. Insiders own 3.86% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Larson Financial Group LLC bought a new position in shares of Stifel Financial during the 4th quarter valued at approximately $28,000. Oregon Public Employees Retirement Fund lifted its holdings in Stifel Financial by 4,042.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,179,559 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 1,151,081 shares in the last quarter. Private Capital Group LLC lifted its holdings in Stifel Financial by 59.1% in the 4th quarter. Private Capital Group LLC now owns 2,785 shares of the financial services provider’s stock worth $115,000 after purchasing an additional 1,034 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Stifel Financial by 12.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,800 shares of the financial services provider’s stock worth $157,000 after purchasing an additional 420 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Stifel Financial by 14.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,991 shares of the financial services provider’s stock worth $207,000 after purchasing an additional 625 shares in the last quarter. Institutional investors own 86.09% of the company’s stock.

Stifel Financial Company Profile

Stifel Financial Corp. provides securities brokerage, investment banking, trading, investment advisory and related financial services. It operates through the following segments: Global Wealth Management, Institutional Group and Other. The Global Wealth Management segment provides securities transaction, brokerage and investment services to clients.

See Also: Insider Trading

Analyst Recommendations for Stifel Financial (NYSE:SF)

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