JPMorgan Chase & Co. Issues Positive Forecast for Stifel Financial (NYSE:SF) Stock Price

Stifel Financial (NYSE:SF) had its target price raised by JPMorgan Chase & Co. from $125.00 to $133.00 in a report published on Thursday morning,Benzinga reports. The brokerage currently has a neutral rating on the financial services provider’s stock.

Other analysts have also issued research reports about the company. Citigroup reissued an “outperform” rating on shares of Stifel Financial in a research note on Thursday, October 9th. Zacks Research lowered Stifel Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 8th. Stifel Nicolaus set a $131.00 price target on Stifel Financial in a research note on Wednesday, October 8th. JMP Securities raised their price target on Stifel Financial from $130.00 to $135.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 9th. Finally, Cowen raised Stifel Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Stifel Financial currently has a consensus rating of “Moderate Buy” and an average target price of $125.90.

Stifel Financial Stock Down 0.0%

SF stock opened at $116.66 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 0.28. The company’s 50 day moving average is $113.24 and its 200 day moving average is $103.63. The stock has a market cap of $11.92 billion, a price-to-earnings ratio of 20.61 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) last posted its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.06. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Stifel Financial had a net margin of 12.44% and a return on equity of 15.06%. Stifel Financial’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.50 earnings per share. Sell-side analysts predict that Stifel Financial will post 8.26 EPS for the current fiscal year.

Stifel Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $0.46 per share. The ex-dividend date was 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 32.51%.

Institutional Investors Weigh In On Stifel Financial

Several large investors have recently bought and sold shares of SF. Bank of New Hampshire grew its stake in shares of Stifel Financial by 1.0% during the 2nd quarter. Bank of New Hampshire now owns 9,639 shares of the financial services provider’s stock valued at $1,000,000 after purchasing an additional 100 shares during the period. Securian Asset Management Inc. lifted its holdings in Stifel Financial by 1.3% in the 2nd quarter. Securian Asset Management Inc. now owns 7,837 shares of the financial services provider’s stock worth $813,000 after purchasing an additional 100 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Stifel Financial by 2.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,085 shares of the financial services provider’s stock worth $424,000 after purchasing an additional 108 shares in the last quarter. Journey Strategic Wealth LLC increased its stake in Stifel Financial by 4.2% in the 1st quarter. Journey Strategic Wealth LLC now owns 2,907 shares of the financial services provider’s stock worth $274,000 after acquiring an additional 117 shares during the last quarter. Finally, Stratos Wealth Partners LTD. increased its stake in Stifel Financial by 3.0% in the 1st quarter. Stratos Wealth Partners LTD. now owns 4,328 shares of the financial services provider’s stock worth $408,000 after acquiring an additional 127 shares during the last quarter. 82.01% of the stock is currently owned by institutional investors.

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.