Stifel Financial (NYSE:SF) Given New $89.00 Price Target at UBS Group

Stifel Financial (NYSE:SF) had its price objective reduced by UBS Group from $100.00 to $89.00 in a report issued on Wednesday,Benzinga reports. UBS Group currently has a buy rating on the financial services provider’s stock.

Other equities analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. raised their price target on shares of Stifel Financial from $88.67 to $90.67 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Citigroup reaffirmed an “outperform” rating on shares of Stifel Financial in a research report on Monday, January 12th. Stifel Nicolaus set a $92.00 price target on shares of Stifel Financial in a research report on Wednesday, January 14th. Weiss Ratings raised shares of Stifel Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Finally, TD Cowen dropped their price target on shares of Stifel Financial from $136.00 to $92.00 and set a “hold” rating on the stock in a research report on Monday, March 23rd. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.15.

Stifel Financial Stock Performance

SF opened at $76.97 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 0.25. The company’s fifty day moving average price is $76.27 and its two-hundred day moving average price is $79.37. Stifel Financial has a 1-year low of $49.77 and a 1-year high of $89.83. The company has a market cap of $11.91 billion, a price-to-earnings ratio of 19.64 and a beta of 1.10.

Stifel Financial (NYSE:SF) last released its quarterly earnings data on Wednesday, January 28th. The financial services provider reported $2.63 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.15. The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.50 billion. Stifel Financial had a net margin of 12.37% and a return on equity of 15.53%. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period last year, the firm earned $1.49 earnings per share. On average, analysts expect that Stifel Financial will post 8.26 EPS for the current fiscal year.

Stifel Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from Stifel Financial’s previous quarterly dividend of $0.46. Stifel Financial’s payout ratio is currently 34.69%.

Insider Transactions at Stifel Financial

In other Stifel Financial news, insider David Rubulotta sold 600 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $82.87, for a total value of $49,724.00. Following the completion of the sale, the insider directly owned 1,488 shares of the company’s stock, valued at approximately $123,315.52. This represents a 28.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 3.28% of the company’s stock.

Institutional Investors Weigh In On Stifel Financial

A number of institutional investors have recently added to or reduced their stakes in the company. AEGON ASSET MANAGEMENT UK Plc lifted its stake in Stifel Financial by 32.2% in the third quarter. AEGON ASSET MANAGEMENT UK Plc now owns 184,047 shares of the financial services provider’s stock valued at $20,876,000 after purchasing an additional 44,844 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in Stifel Financial in the third quarter valued at approximately $35,576,000. Inspire Investing LLC purchased a new position in Stifel Financial in the third quarter valued at approximately $1,047,000. CWM LLC lifted its stake in Stifel Financial by 127.4% in the third quarter. CWM LLC now owns 29,654 shares of the financial services provider’s stock valued at $3,365,000 after purchasing an additional 16,616 shares during the last quarter. Finally, TT International Asset Management LTD purchased a new position in Stifel Financial in the third quarter valued at approximately $2,549,000. 82.01% of the stock is owned by institutional investors.

About Stifel Financial

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full‐service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research‐driven insights.

The firm’s main business activities are organized into two core segments: Private Client Group and Institutional Group.