JPMorgan Chase & Co. Cuts Stifel Financial (NYSE:SF) Price Target to $82.00

Stifel Financial (NYSE:SF) had its price objective reduced by JPMorgan Chase & Co. from $86.00 to $82.00 in a report published on Tuesday,Benzinga reports. They currently have a neutral rating on the financial services provider’s stock.

A number of other equities analysts have also issued reports on SF. Capital One Financial set a $75.00 target price on shares of Stifel Financial in a research report on Tuesday. Wall Street Zen cut Stifel Financial from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. BMO Capital Markets dropped their target price on shares of Stifel Financial from $85.00 to $75.00 and set a “market perform” rating for the company in a research report on Tuesday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Stifel Financial in a research report on Wednesday, August 26th. Finally, UBS Group set a $90.00 target price on shares of Stifel Financial in a research report on Thursday, July 23rd. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $87.83.

Stifel Financial Trading Up 0.5%

Stifel Financial stock opened at $70.08 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.88 and a quick ratio of 0.83. The company has a market capitalization of $10.58 billion, a price-to-earnings ratio of 12.54 and a beta of 1.01. The company’s fifty day moving average price is $78.42 and its two-hundred day moving average price is $76.21. Stifel Financial has a one year low of $67.81 and a one year high of $89.83.

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 during the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the company earned $1.71 EPS. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. On average, analysts forecast that Stifel Financial will post 6.31 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were issued a dividend of $0.34 per share. The ex-dividend date was Tuesday, September 1st. This represents a $1.36 dividend on an annualized basis and a yield of 1.9%. Stifel Financial’s payout ratio is currently 24.33%.

Insider Activity at Stifel Financial

In related news, Director Maryam Brown sold 4,700 shares of the company’s stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $79.20, for a total value of $372,240.00. Following the completion of the sale, the director owned 5,729 shares in the company, valued at $453,736.80. This represents a 45.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.36% of the stock is currently owned by corporate insiders.

Institutional Trading of Stifel Financial

A number of large investors have recently bought and sold shares of SF. Rehmann Capital Advisory Group raised its position in shares of Stifel Financial by 2.9% in the fourth quarter. Rehmann Capital Advisory Group now owns 5,202 shares of the financial services provider’s stock valued at $653,000 after purchasing an additional 148 shares during the period. Bank of New Hampshire raised its position in shares of Stifel Financial by 1.6% in the fourth quarter. Bank of New Hampshire now owns 10,010 shares of the financial services provider’s stock valued at $1,253,000 after buying an additional 157 shares in the last quarter. JTC Employer Solutions Trustee Ltd lifted its position in shares of Stifel Financial by 49.8% during the 1st quarter. JTC Employer Solutions Trustee Ltd now owns 481 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 160 shares during the period. Gradient Investments LLC lifted its position in Stifel Financial by 0.7% during the third quarter. Gradient Investments LLC now owns 26,522 shares of the financial services provider’s stock worth $1,858,000 after purchasing an additional 175 shares during the period. Finally, Parallel Advisors LLC lifted its holdings in shares of Stifel Financial by 7.3% during the 4th quarter. Parallel Advisors LLC now owns 3,209 shares of the financial services provider’s stock worth $402,000 after acquiring an additional 219 shares during the period. 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. 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.