Stifel Financial (NYSE:SF) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Stifel Financial (NYSE:SF) had its price target upped by Wells Fargo & Company from $113.00 to $130.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price target points to a potential upside of 12.49% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. JMP Securities upped their price target on Stifel Financial from $105.00 to $110.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group upped their target price on shares of Stifel Financial from $85.00 to $94.00 and gave the stock a “neutral” rating in a research report on Thursday, September 26th. StockNews.com downgraded Stifel Financial from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Wolfe Research lowered Stifel Financial from an “outperform” rating to a “peer perform” rating in a report on Monday, July 22nd. Finally, Citigroup raised their price objective on Stifel Financial from $90.00 to $102.00 and gave the company a “neutral” rating in a research report on Friday, September 27th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $103.17.

Stifel Financial Stock Up 0.3 %

Stifel Financial stock opened at $115.57 on Wednesday. The firm’s fifty day moving average price is $98.52 and its two-hundred day moving average price is $88.18. Stifel Financial has a 1-year low of $60.17 and a 1-year high of $118.12. The firm has a market capitalization of $11.83 billion, a price-to-earnings ratio of 20.90 and a beta of 1.08. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.27.

Stifel Financial (NYSE:SF) last announced 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 net margin of 12.98% and a return on equity of 14.92%. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter last year, the firm posted $0.60 earnings per share. Stifel Financial’s revenue for the quarter was up 17.2% compared to the same quarter last year. On average, equities research analysts predict that Stifel Financial will post 6.44 earnings per share for the current fiscal year.

Insider Buying and Selling at Stifel Financial

In other Stifel Financial news, COO David D. Sliney sold 25,000 shares of Stifel Financial stock in a transaction on Tuesday, November 12th. The shares were 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 owns 159,619 shares of the company’s stock, valued at $18,544,535.42. The trade was a 13.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 4.57% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. SageView Advisory Group LLC acquired a new stake in Stifel Financial in the first quarter valued at approximately $1,251,000. SG Americas Securities LLC acquired a new stake in shares of Stifel Financial in the 2nd quarter valued at $1,543,000. Blue Trust Inc. grew its position in shares of Stifel Financial by 268.6% during the 2nd quarter. Blue Trust Inc. now owns 8,798 shares of the financial services provider’s stock worth $688,000 after buying an additional 6,411 shares during the period. Capital CS Group LLC bought a new stake in Stifel Financial in the second quarter valued at about $614,000. Finally, Harbor Capital Advisors Inc. increased its stake in Stifel Financial by 270.1% in the second quarter. Harbor Capital Advisors Inc. now owns 26,433 shares of the financial services provider’s stock valued at $2,224,000 after purchasing an additional 19,291 shares in the last quarter. 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.