UBS Group Cuts Stifel Financial (NYSE:SF) Price Target to $89.00

Stifel Financial (NYSE:SF) had its price objective decreased by UBS Group from $100.00 to $89.00 in a research note released 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 company. Wolfe Research reiterated an “outperform” rating and issued a $99.33 target price on shares of Stifel Financial in a report on Wednesday, January 7th. Weiss Ratings upgraded Stifel Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. Stifel Nicolaus set a $92.00 target price on Stifel Financial in a report on Wednesday, January 14th. Citizens Jmp lifted their target price on Stifel Financial from $93.33 to $103.33 and gave the stock a “market outperform” rating in a report on Monday, January 12th. Finally, TD Cowen dropped their target price on Stifel Financial from $136.00 to $92.00 and set a “hold” rating for the company in a report on Monday, March 23rd. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $91.15.

Stifel Financial Price Performance

Shares of Stifel Financial stock opened at $77.25 on Wednesday. The stock has a market cap of $11.96 billion, a price-to-earnings ratio of 19.71 and a beta of 1.10. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.80 and a current ratio of 0.84. The stock has a 50 day moving average price of $76.06 and a 200-day moving average price of $79.36. Stifel Financial has a one year low of $51.49 and a one year high of $89.83.

Stifel Financial (NYSE:SF) last announced its earnings results on Wednesday, January 28th. The financial services provider reported $2.63 EPS for the quarter, topping analysts’ consensus estimates of $2.48 by $0.15. The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Stifel Financial had a return on equity of 15.53% and a net margin of 12.37%.The company’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.49 EPS. Equities analysts expect that Stifel Financial will post 8.26 EPS for the current year.

Stifel Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.6%. This is an increase from Stifel Financial’s previous quarterly dividend of $0.46. Stifel Financial’s dividend payout ratio is 34.69%.

Insider Activity

In related news, insider David Rubulotta sold 600 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $82.87, for a total transaction 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 trade represents a 28.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.28% of the company’s stock.

Institutional Investors Weigh In On Stifel Financial

Institutional investors and hedge funds have recently modified their holdings of the business. Advisory Services Network LLC bought a new stake in shares of Stifel Financial during the 3rd quarter worth approximately $29,000. Activest Wealth Management increased its holdings in Stifel Financial by 12,000.0% during the 4th quarter. Activest Wealth Management now owns 242 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 240 shares during the period. Pinnacle Holdings LLC purchased a new position in Stifel Financial during the 3rd quarter worth $32,000. SJS Investment Consulting Inc. increased its holdings in Stifel Financial by 2,383.3% during the 3rd quarter. SJS Investment Consulting Inc. now owns 298 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 286 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Stifel Financial during the 4th quarter worth $34,000. 82.01% of the stock is owned by institutional investors.

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.