TD Cowen Cuts Stifel Financial (NYSE:SF) Price Target to $92.00

Stifel Financial (NYSE:SF) had its price target cut by TD Cowen from $136.00 to $92.00 in a report released on Monday,Benzinga reports. They currently have a hold rating on the financial services provider’s stock.

A number of other analysts have also issued reports on the stock. Stifel Nicolaus set a $92.00 price objective on shares of Stifel Financial in a research note on Wednesday, January 14th. Zacks Research downgraded shares of Stifel Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. Citizens Jmp raised their price target on shares of Stifel Financial from $93.33 to $103.33 and gave the company a “market outperform” rating in a report on Monday, January 12th. Weiss Ratings raised shares of Stifel Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Stifel Financial from $88.67 to $90.67 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Stifel Financial presently has a consensus rating of “Moderate Buy” and an average price target of $90.13.

Stifel Financial Price Performance

Shares of NYSE SF opened at $72.54 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.84 and a quick ratio of 0.80. Stifel Financial has a 1-year low of $48.85 and a 1-year high of $89.83. The company has a market capitalization of $11.23 billion, a price-to-earnings ratio of 18.50 and a beta of 1.13. The business has a 50-day moving average of $78.74 and a 200-day moving average of $79.55.

Stifel Financial (NYSE:SF) last announced its earnings results on Wednesday, January 28th. The financial services provider reported $1.75 EPS for the quarter, beating the consensus estimate of $1.65 by $0.10. The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.50 billion. Stifel Financial had a return on equity of 15.53% and a net margin of 12.37%.The company’s revenue was up 14.4% on a year-over-year basis. During the same period last year, the business posted $1.49 EPS. On average, equities analysts anticipate that Stifel Financial will post 8.26 EPS for the current fiscal year.

Stifel Financial Increases Dividend

The firm also recently announced 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 dividend yield of 2.8%. 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 dividend payout ratio is currently 34.69%.

Insider Activity at Stifel Financial

In other news, insider David Rubulotta sold 600 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $82.87, for a total transaction of $49,724.00. Following the completion of the sale, the insider owned 1,488 shares of the company’s stock, valued at approximately $123,315.52. This trade represents a 28.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.28% of the company’s stock.

Institutional Trading of Stifel Financial

Several institutional investors have recently added to or reduced their stakes in SF. AEGON ASSET MANAGEMENT UK Plc grew 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 worth $20,876,000 after purchasing an additional 44,844 shares in the last quarter. Invesco Ltd. raised its stake in Stifel Financial by 12.9% during the second quarter. Invesco Ltd. now owns 1,368,457 shares of the financial services provider’s stock valued at $142,018,000 after buying an additional 156,877 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in Stifel Financial during the third quarter valued at approximately $35,576,000. CWM LLC lifted its holdings in Stifel Financial by 127.4% during the 3rd quarter. CWM LLC now owns 29,654 shares of the financial services provider’s stock worth $3,365,000 after buying an additional 16,616 shares during the last quarter. Finally, Inspire Investing LLC bought a new position in Stifel Financial during the 3rd quarter worth approximately $1,047,000. 82.01% of the stock is 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. 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.