The Goldman Sachs Group Cuts Stifel Financial (NYSE:SF) Price Target to $105.00

Stifel Financial (NYSE:SF) had its price target trimmed by The Goldman Sachs Group from $121.00 to $105.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the financial services provider’s stock.

SF has been the topic of several other reports. Citigroup decreased their price target on shares of Stifel Financial from $125.00 to $105.00 and set a “neutral” rating on the stock in a report on Wednesday. Wells Fargo & Company upped their price target on shares of Stifel Financial from $128.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. JPMorgan Chase & Co. began coverage on Stifel Financial in a report on Tuesday, December 10th. They set a “neutral” rating and a $120.00 price objective on the stock. StockNews.com upgraded Stifel Financial from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. Finally, UBS Group lifted their price target on Stifel Financial from $116.00 to $120.00 and gave the company a “neutral” rating in a research note 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 MarketBeat.com, Stifel Financial has a consensus rating of “Hold” and a consensus price target of $117.86.

Stifel Financial Stock Down 8.4 %

Shares of SF opened at $78.82 on Thursday. The firm has a 50 day simple moving average of $103.18 and a two-hundred day simple moving average of $105.25. The company has a market cap of $8.18 billion, a P/E ratio of 12.63 and a beta of 1.08. Stifel Financial has a one year low of $73.51 and a one year high of $120.64. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78.

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, topping the consensus estimate of $1.96 by $0.27. Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. Research analysts forecast that Stifel Financial will post 8.26 EPS for the current fiscal year.

Stifel Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.33%. This is an increase from Stifel Financial’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, March 3rd. Stifel Financial’s dividend payout ratio (DPR) is 29.49%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. FMR LLC grew its holdings in shares of Stifel Financial by 8.5% during the fourth quarter. FMR LLC now owns 8,628,832 shares of the financial services provider’s stock valued at $915,346,000 after buying an additional 672,420 shares during the last quarter. State Street Corp increased its holdings in Stifel Financial by 1.0% during the 3rd quarter. State Street Corp now owns 3,122,342 shares of the financial services provider’s stock worth $293,188,000 after purchasing an additional 31,101 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Stifel Financial by 32.2% in the fourth quarter. Wellington Management Group LLP now owns 2,588,964 shares of the financial services provider’s stock worth $274,637,000 after purchasing an additional 630,255 shares during the last quarter. Stifel Financial Corp lifted its holdings in shares of Stifel Financial by 1.5% in the third quarter. Stifel Financial Corp now owns 2,279,267 shares of the financial services provider’s stock valued at $214,023,000 after purchasing an additional 33,953 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Stifel Financial by 1.2% in the third quarter. Geode Capital Management LLC now owns 1,696,605 shares of the financial services provider’s stock valued at $159,355,000 after purchasing an additional 20,110 shares in the last quarter. Institutional investors and hedge funds own 82.01% of the company’s stock.

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.