Stifel Financial (NYSE:SF) Stock Gets Price Target Cut from TD Cowen

Stifel Financial (NYSE:SF) had its price objective trimmed by TD Cowen from $84.00 to $78.00 in a report released on Monday,Benzinga reports. The firm currently has a hold rating on the financial services provider’s stock.

SF has been the topic of a number of other research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stifel Financial in a research report on Wednesday, August 26th. JPMorgan Chase & Co. decreased their price objective on Stifel Financial from $86.00 to $82.00 and set a “neutral” rating for the company in a research report on Tuesday, October 6th. Capital One Financial set a $75.00 price objective on Stifel Financial in a research report on Tuesday, October 6th. Wall Street Zen cut Stifel Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. Finally, BMO Capital Markets dropped their target price on shares of Stifel Financial from $85.00 to $75.00 and set a “market perform” rating on the stock in a report on Tuesday, October 6th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $86.08.

Stifel Financial Stock Performance

Shares of Stifel Financial stock opened at $67.84 on Monday. The company has a market capitalization of $10.24 billion, a PE ratio of 11.77 and a beta of 1.01. Stifel Financial has a 12 month low of $66.91 and a 12 month high of $89.83. The company has a current ratio of 0.88, a quick ratio of 0.83 and a debt-to-equity ratio of 0.33. The stock’s fifty day simple moving average is $77.27 and its 200 day simple moving average is $76.13.

Stifel Financial (NYSE:SF) last posted its earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.09. Stifel Financial had a return on equity of 19.22% and a net margin of 16.11%. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the company posted $1.71 earnings per share. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. On average, research analysts predict that Stifel Financial will post 6.27 EPS for the current year.

Stifel Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a $0.34 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $1.36 annualized dividend and a yield of 2.0%. Stifel Financial’s payout ratio is presently 24.33%.

Insider Buying and Selling

In other Stifel Financial news, Director Maryam Brown sold 4,700 shares of the company’s stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $79.20, for a total transaction of $372,240.00. Following the completion of the transaction, the director owned 5,729 shares of the company’s stock, valued at $453,736.80. This represents a 45.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.36% of the company’s stock.

Institutional Trading of Stifel Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in Stifel Financial in the 2nd quarter valued at about $1,031,197,000. Dimensional Fund Advisors LP grew its holdings in Stifel Financial by 51.6% during the first quarter. Dimensional Fund Advisors LP now owns 2,616,616 shares of the financial services provider’s stock worth $193,403,000 after purchasing an additional 890,810 shares during the period. Bank of America Corp DE increased its position in Stifel Financial by 58.7% during the first quarter. Bank of America Corp DE now owns 1,875,501 shares of the financial services provider’s stock worth $138,637,000 after buying an additional 693,437 shares during the last quarter. Bank of New York Mellon Corp increased its position in Stifel Financial by 40.6% during the first quarter. Bank of New York Mellon Corp now owns 1,367,474 shares of the financial services provider’s stock worth $101,084,000 after buying an additional 394,863 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in Stifel Financial by 48.5% during the first quarter. Principal Financial Group Inc. now owns 1,075,067 shares of the financial services provider’s stock worth $79,469,000 after buying an additional 351,146 shares during the last quarter. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Stifel Financial Company Profile

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company provides wealth management, investment banking, institutional brokerage, equity and fixed-income research, securities trading, and asset management services.

Its wealth management business serves individual investors, families, businesses, and institutions through financial planning, investment advisory, brokerage, banking, and related services.