Stifel Financial (NYSE:SF) PT Raised to $113.00

Stifel Financial (NYSE:SF) had its price target raised by analysts at Wells Fargo & Company from $108.00 to $113.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s target price points to a potential upside of 8.97% from the company’s current price.

A number of other brokerages have also commented on SF. Citigroup raised their price objective on Stifel Financial from $90.00 to $102.00 and gave the stock a “neutral” rating in a research report on Friday, September 27th. StockNews.com downgraded Stifel Financial from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. TD Cowen raised their target price on Stifel Financial from $85.00 to $88.00 and gave the company a “hold” rating in a report on Thursday, July 25th. The Goldman Sachs Group boosted their price target on Stifel Financial from $85.00 to $94.00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. Finally, JMP Securities boosted their price target on Stifel Financial from $105.00 to $110.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 9th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $97.50.

Stifel Financial Trading Up 2.5 %

Shares of NYSE SF traded up $2.48 during midday trading on Thursday, hitting $103.70. The stock had a trading volume of 50,659 shares, compared to its average volume of 561,579. The company has a market capitalization of $10.63 billion, a price-to-earnings ratio of 22.02 and a beta of 1.09. Stifel Financial has a 1-year low of $54.81 and a 1-year high of $103.94. The company has a fifty day moving average price of $91.23 and a 200 day moving average price of $84.61. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 0.38.

Stifel Financial (NYSE:SF) last posted its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($0.10). The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.20 billion. Stifel Financial had a net margin of 11.59% and a return on equity of 13.24%. The business’s revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.60 earnings per share. On average, analysts predict that Stifel Financial will post 6.49 earnings per share for the current year.

Hedge Funds Weigh In On Stifel Financial

A number of large investors have recently made changes to their positions in the company. 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 in the last quarter. Los Angeles Capital Management LLC grew its stake in shares of Stifel Financial by 929.9% in the 2nd quarter. Los Angeles Capital Management LLC now owns 296,574 shares of the financial services provider’s stock valued at $24,957,000 after buying an additional 267,777 shares during the period. Earnest Partners LLC grew its stake in shares of Stifel Financial by 7.0% in 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 buying an additional 191,896 shares during the period. Renaissance Technologies LLC acquired a new position in Stifel Financial during the 2nd quarter valued at about $7,415,000. Finally, Poplar Forest Capital LLC boosted its stake in Stifel Financial by 87.1% during the 1st quarter. Poplar Forest Capital LLC now owns 184,632 shares of the financial services provider’s stock valued at $14,433,000 after purchasing an additional 85,934 shares during the last quarter. Institutional investors 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.