Stifel Financial (NYSE:SF) PT Raised to $108.00

Stifel Financial (NYSE:SF) had its price objective boosted by stock analysts at Wells Fargo & Company from $101.00 to $108.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price target points to a potential upside of 11.63% from the stock’s previous close.

A number of other brokerages also recently weighed in on SF. StockNews.com downgraded shares of Stifel Financial from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Citigroup upped their target price on Stifel Financial from $90.00 to $102.00 and gave the company a “neutral” rating in a report on Friday, September 27th. The Goldman Sachs Group boosted their price objective on Stifel Financial from $85.00 to $94.00 and gave the company a “neutral” rating in a research report on Thursday, September 26th. TD Cowen increased their target price on Stifel Financial from $85.00 to $88.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. Finally, Wolfe Research downgraded shares of Stifel Financial from an “outperform” rating to a “peer perform” rating in a report on Monday, July 22nd. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Stifel Financial presently has a consensus rating of “Hold” and a consensus target price of $96.67.

Stifel Financial Stock Performance

Shares of SF traded up $1.73 during mid-day trading on Wednesday, hitting $96.75. The stock had a trading volume of 101,809 shares, compared to its average volume of 560,383. Stifel Financial has a fifty-two week low of $54.81 and a fifty-two week high of $97.24. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 0.38. The company has a market cap of $9.92 billion, a PE ratio of 21.99 and a beta of 1.09. The company’s fifty day simple moving average is $87.33 and its two-hundred day simple moving average is $82.90.

Stifel Financial (NYSE:SF) last released its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.06. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.18 billion. Stifel Financial had a net margin of 11.59% and a return on equity of 13.24%. The firm’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.20 earnings per share. On average, equities analysts expect that Stifel Financial will post 6.55 earnings per share for the current year.

Hedge Funds Weigh In On Stifel Financial

A number of institutional investors and hedge funds have recently bought and sold shares of SF. Vanguard Group Inc. lifted its stake in shares of Stifel Financial by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 10,461,734 shares of the financial services provider’s stock worth $817,794,000 after acquiring an additional 391,384 shares during the period. Los Angeles Capital Management LLC lifted its position in Stifel Financial by 929.9% in the second quarter. Los Angeles Capital Management LLC now owns 296,574 shares of the financial services provider’s stock worth $24,957,000 after purchasing an additional 267,777 shares during the period. Earnest Partners LLC boosted its stake in Stifel Financial by 7.0% during the 1st quarter. Earnest Partners LLC now owns 2,932,059 shares of the financial services provider’s stock valued at $229,199,000 after purchasing an additional 191,896 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Stifel Financial by 12.8% during the 1st quarter. Principal Financial Group Inc. now owns 1,332,258 shares of the financial services provider’s stock valued at $104,143,000 after purchasing an additional 151,046 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Stifel Financial during the 2nd quarter valued at $7,415,000. Institutional investors own 82.01% of the company’s stock.

About Stifel Financial

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.