Wells Fargo & Company Has Lowered Expectations for Stifel Financial (NYSE:SF) Stock Price

Stifel Financial (NYSE:SFFree Report) had its price objective decreased by Wells Fargo & Company from $130.00 to $128.00 in a research note issued to investors on Tuesday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the financial services provider’s stock.

SF has been the topic of a number of other research reports. Citigroup boosted their price objective on Stifel Financial from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. JMP Securities upped their price objective on shares of Stifel Financial from $105.00 to $110.00 and gave the company a “market outperform” rating in a report on Wednesday, October 9th. The Goldman Sachs Group lifted their target price on shares of Stifel Financial from $85.00 to $94.00 and gave the stock a “neutral” rating in a research note on Thursday, September 26th. JPMorgan Chase & Co. initiated coverage on shares of Stifel Financial in a research note on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 price target for the company. Finally, TD Cowen lifted their price target on shares of Stifel Financial from $100.00 to $105.00 and gave the company a “hold” rating in a research report on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Stifel Financial has an average rating of “Hold” and an average price target of $107.14.

Read Our Latest Stock Analysis on Stifel Financial

Stifel Financial Stock Up 1.7 %

NYSE SF opened at $111.91 on Tuesday. The business has a fifty day moving average price of $110.81 and a 200 day moving average price of $97.35. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. The company has a market cap of $11.45 billion, a P/E ratio of 20.24 and a beta of 1.11. Stifel Financial has a one year low of $68.09 and a one year high of $119.12.

Stifel Financial (NYSE:SFGet Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share for the quarter, missing the consensus estimate of $1.60 by ($0.10). Stifel Financial had a return on equity of 14.92% and a net margin of 12.98%. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the prior year, the business posted $0.60 earnings per share. The business’s quarterly revenue was up 17.2% on a year-over-year basis. Research analysts anticipate that Stifel Financial will post 6.53 EPS for the current fiscal year.

Stifel Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend was Monday, December 2nd. Stifel Financial’s dividend payout ratio (DPR) is presently 30.38%.

Insider Activity

In related news, COO David D. Sliney sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $116.18, for a total value of $2,904,500.00. Following the completion of the transaction, the chief operating officer now directly owns 159,619 shares of the company’s stock, valued at $18,544,535.42. This represents a 13.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 4.57% of the company’s stock.

Institutional Investors Weigh In On Stifel Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. CIBC Asset Management Inc increased its position in shares of Stifel Financial by 3.5% during the third quarter. CIBC Asset Management Inc now owns 3,019 shares of the financial services provider’s stock worth $283,000 after purchasing an additional 102 shares in the last quarter. GAMMA Investing LLC grew its stake in Stifel Financial by 27.7% during the 3rd quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider’s stock worth $47,000 after buying an additional 109 shares during the last quarter. Tributary Capital Management LLC grew its stake in Stifel Financial by 1.0% during the 3rd quarter. Tributary Capital Management LLC now owns 12,603 shares of the financial services provider’s stock worth $1,183,000 after buying an additional 126 shares during the last quarter. CWM LLC increased its position in Stifel Financial by 3.8% during the third quarter. CWM LLC now owns 3,940 shares of the financial services provider’s stock worth $370,000 after buying an additional 145 shares during the period. Finally, Versant Capital Management Inc lifted its stake in Stifel Financial by 46.5% in the fourth quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider’s stock valued at $48,000 after buying an additional 145 shares during the last quarter. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Stifel Financial Company Profile

(Get Free Report)

Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.

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Analyst Recommendations for Stifel Financial (NYSE:SF)

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