Stifel Financial (NYSE:SF) Price Target Raised to $110.00

Stifel Financial (NYSE:SF) had its price target boosted by stock analysts at JMP Securities from $105.00 to $110.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a “market outperform” rating on the financial services provider’s stock. JMP Securities’ price target would indicate a potential upside of 15.77% from the stock’s previous close.

A number of other research analysts have also recently weighed in on the stock. Wells Fargo & Company initiated coverage on shares of Stifel Financial in a research note on Thursday, September 12th. They set an “overweight” rating and a $101.00 price objective for the company. Citigroup lifted their target price on shares of Stifel Financial from $90.00 to $102.00 and gave the stock a “neutral” rating in a research note on Friday, September 27th. StockNews.com cut shares of Stifel Financial from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. TD Cowen lifted their target price on shares of Stifel Financial from $85.00 to $88.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. Finally, Wolfe Research cut shares of Stifel Financial from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 22nd. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $95.50.

Stifel Financial Trading Down 0.8 %

Shares of SF opened at $95.02 on Wednesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.80. The firm has a 50 day simple moving average of $87.33 and a 200-day simple moving average of $82.90. Stifel Financial has a 1-year low of $54.81 and a 1-year high of $96.89. The stock has a market cap of $9.74 billion, a price-to-earnings ratio of 21.60 and a beta of 1.09.

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

Hedge Funds Weigh In On Stifel Financial

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings 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 valued at $817,794,000 after purchasing an additional 391,384 shares during the last quarter. Earnest Partners LLC boosted its holdings in shares of Stifel Financial by 0.8% in the 2nd quarter. Earnest Partners LLC now owns 2,954,099 shares of the financial services provider’s stock valued at $248,587,000 after purchasing an additional 22,040 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Stifel Financial by 0.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,007,738 shares of the financial services provider’s stock valued at $168,932,000 after purchasing an additional 7,113 shares during the last quarter. LSV Asset Management boosted its holdings in shares of Stifel Financial by 3.2% in the 1st quarter. LSV Asset Management now owns 1,799,270 shares of the financial services provider’s stock valued at $140,649,000 after purchasing an additional 56,570 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of 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 acquiring an additional 151,046 shares in the last quarter. Institutional investors and hedge funds 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.