Wells Fargo & Company Boosts Stifel Financial (NYSE:SF) Price Target to $113.00

Stifel Financial (NYSE:SF) had its target price upped by Wells Fargo & Company from $108.00 to $113.00 in a report issued on Thursday morning, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the financial services provider’s stock.

A number of other analysts also recently issued reports on SF. Wolfe Research downgraded Stifel Financial from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 22nd. The Goldman Sachs Group lifted their target price on Stifel Financial from $85.00 to $94.00 and gave the company a “neutral” rating in a research report on Thursday, September 26th. JMP Securities boosted their price target on Stifel Financial from $105.00 to $110.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 9th. StockNews.com downgraded Stifel Financial from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Finally, Citigroup boosted their price target on Stifel Financial from $90.00 to $102.00 and gave the stock a “neutral” rating in a research report on Friday, September 27th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $100.33.

Stifel Financial Stock Performance

SF opened at $103.49 on Thursday. The business’s 50-day moving average price is $91.97 and its two-hundred day moving average price is $84.98. Stifel Financial has a 1 year low of $55.01 and a 1 year high of $105.35. The company has a market capitalization of $10.61 billion, a price-to-earnings ratio of 21.97 and a beta of 1.09. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.80.

Stifel Financial (NYSE:SF) last released its earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.10). The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.20 billion. Stifel Financial had a net margin of 11.59% and a return on equity of 13.24%. Stifel Financial’s revenue was up 17.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 EPS. Equities analysts expect that Stifel Financial will post 6.49 EPS for the current fiscal year.

Stifel Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date was Tuesday, September 3rd. Stifel Financial’s dividend payout ratio is presently 35.67%.

Institutional Investors Weigh In On Stifel Financial

Institutional investors have recently made changes to their positions in the company. SageView Advisory Group LLC bought a new stake in shares of Stifel Financial during the first quarter worth approximately $1,251,000. SG Americas Securities LLC bought a new stake in shares of Stifel Financial during the second quarter worth approximately $1,543,000. Van ECK Associates Corp boosted its stake in shares of Stifel Financial by 36.5% in the first quarter. Van ECK Associates Corp now owns 35,083 shares of the financial services provider’s stock valued at $2,742,000 after buying an additional 9,384 shares during the period. Blue Trust Inc. boosted its stake in shares of Stifel Financial by 268.6% in the second quarter. Blue Trust Inc. now owns 8,798 shares of the financial services provider’s stock valued at $688,000 after buying an additional 6,411 shares during the period. Finally, Capital CS Group LLC bought a new stake in shares of Stifel Financial in the second quarter valued at approximately $614,000. Institutional investors own 82.01% of the company’s stock.

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.