The Goldman Sachs Group Has Lowered Expectations for Stifel Financial (NYSE:SF) Stock Price

Stifel Financial (NYSE:SF) had its price objective reduced by analysts at The Goldman Sachs Group from $121.00 to $105.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the financial services provider’s stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 33.21% from the stock’s previous close.

SF has been the topic of a number of other reports. StockNews.com raised Stifel Financial from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. Wells Fargo & Company boosted their price target on Stifel Financial from $128.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. began coverage on Stifel Financial in a report on Tuesday, December 10th. They set a “neutral” rating and a $120.00 price target on the stock. UBS Group lifted their price objective on shares of Stifel Financial from $116.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Finally, Citigroup cut their target price on shares of Stifel Financial from $125.00 to $105.00 and set a “neutral” rating on the stock in a research note on Wednesday. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $117.86.

Stifel Financial Stock Down 8.4 %

Shares of NYSE:SF opened at $78.82 on Thursday. The firm has a market cap of $8.18 billion, a P/E ratio of 12.63 and a beta of 1.08. Stifel Financial has a 12-month low of $73.51 and a 12-month high of $120.64. The business has a fifty day simple moving average of $103.18 and a 200 day simple moving average of $105.14. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27.

Stifel Financial (NYSE:SF) last issued its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.27. Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. Analysts predict that Stifel Financial will post 8.26 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. V Square Quantitative Management LLC purchased a new stake in shares of Stifel Financial in the fourth quarter worth approximately $26,000. MassMutual Private Wealth & Trust FSB lifted its stake in Stifel Financial by 123.6% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 183 shares in the last quarter. Bessemer Group Inc. lifted its stake in Stifel Financial by 52.1% during the 4th quarter. Bessemer Group Inc. now owns 321 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 110 shares in the last quarter. Versant Capital Management Inc boosted its holdings in Stifel Financial by 46.5% during the 4th quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 145 shares during the last quarter. Finally, Quarry LP bought a new stake in shares of Stifel Financial in the 4th quarter worth $49,000. Institutional investors and hedge funds own 82.01% of the company’s stock.

Stifel Financial Company Profile

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.