Stifel Financial (NYSE:SF) Price Target Cut to $105.00 by Analysts at Citigroup

Stifel Financial (NYSE:SF) had its price objective cut by Citigroup from $125.00 to $105.00 in a report issued on Wednesday morning,Benzinga reports. They currently have a neutral rating on the financial services provider’s stock.

A number of other research analysts have also weighed in on the company. JMP Securities increased their price objective on Stifel Financial from $125.00 to $135.00 and gave the company a “market outperform” rating in a report on Thursday, January 30th. JPMorgan Chase & Co. began coverage on shares of Stifel Financial in a report on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 price target on the stock. Wells Fargo & Company lifted their price objective on shares of Stifel Financial from $128.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. StockNews.com raised shares of Stifel Financial from a “hold” rating to a “buy” rating in a report on Thursday, March 6th. Finally, UBS Group upped their price target on shares of Stifel Financial from $116.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $117.86.

Stifel Financial Stock Down 8.4 %

SF stock opened at $78.82 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. Stifel Financial has a 52 week low of $73.51 and a 52 week high of $120.64. The stock has a market capitalization of $8.18 billion, a PE ratio of 12.63 and a beta of 1.08. The firm has a 50 day moving average of $103.18 and a 200 day moving average of $105.14.

Stifel Financial (NYSE:SF) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.27. Stifel Financial had a net margin of 14.00% and a return on equity of 16.59%. Sell-side analysts forecast that Stifel Financial will post 8.26 earnings per share for the current year.

Stifel Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.46 per share. This is a positive change from Stifel Financial’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend was Monday, March 3rd. Stifel Financial’s dividend payout ratio is presently 29.49%.

Hedge Funds Weigh In On Stifel Financial

Several institutional investors and hedge funds have recently modified their holdings of the business. V Square Quantitative Management LLC acquired a new stake in Stifel Financial in the fourth quarter valued at approximately $26,000. Bessemer Group Inc. lifted its position in shares of Stifel Financial by 52.1% during the 4th quarter. Bessemer Group Inc. now owns 321 shares of the financial services provider’s stock valued at $34,000 after buying an additional 110 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in Stifel Financial by 123.6% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 183 shares during the period. Versant Capital Management Inc increased its holdings in Stifel Financial by 46.5% in the 4th quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 145 shares in the last quarter. Finally, Quarry LP acquired a new position in Stifel Financial during the fourth quarter worth $49,000. Hedge funds and other 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.