Stifel Financial (NYSE:SF) Stock Price Expected to Rise, Citigroup Analyst Says

Stifel Financial (NYSE:SF) had its price target boosted by investment analysts at Citigroup from $110.00 to $115.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. Citigroup’s price target would indicate a potential upside of 10.22% from the company’s current price.

Several other equities analysts have also recently issued reports on the company. TD Cowen upped their price objective on Stifel Financial from $100.00 to $105.00 and gave the company a “hold” rating in a research report on Thursday, October 24th. Wells Fargo & Company lifted their price objective on Stifel Financial from $113.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. JMP Securities raised their price target on shares of Stifel Financial from $105.00 to $110.00 and gave the company a “market outperform” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. began coverage on shares of Stifel Financial in a research note on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 price target for the company. Finally, StockNews.com cut shares of Stifel Financial from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $107.43.

Stifel Financial Stock Down 3.9 %

NYSE:SF traded down $4.18 during trading hours on Friday, reaching $104.34. 377,699 shares of the company traded hands, compared to its average volume of 555,059. Stifel Financial has a 1 year low of $68.09 and a 1 year high of $119.12. The stock has a market capitalization of $10.68 billion, a P/E ratio of 18.87 and a beta of 1.11. The business’s 50-day moving average price is $110.80 and its two-hundred day moving average price is $96.43. 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 released its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.10). The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.20 billion. Stifel Financial had a net margin of 12.98% and a return on equity of 14.92%. The firm’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.60 earnings per share. Analysts predict that Stifel Financial will post 6.5 earnings per share for the current year.

Insider Buying and Selling at Stifel Financial

In other Stifel Financial news, COO David D. Sliney sold 25,000 shares of the company’s stock in a transaction that occurred 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 directly owns 159,619 shares in the company, valued at $18,544,535.42. This represents 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 hyperlink. 4.57% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Stifel Financial

Several large investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC raised its stake in Stifel Financial by 16.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,448 shares of the financial services provider’s stock valued at $578,000 after purchasing an additional 779 shares during the period. Everence Capital Management Inc. bought a new stake in shares of Stifel Financial during the fourth quarter valued at approximately $237,000. GAMMA Investing LLC lifted its holdings in shares of Stifel Financial by 78.9% in the fourth quarter. GAMMA Investing LLC now owns 900 shares of the financial services provider’s stock worth $95,000 after buying an additional 397 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Stifel Financial by 46.5% during the fourth 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, Franklin Resources Inc. grew its stake in Stifel Financial by 9.7% during the third quarter. Franklin Resources Inc. now owns 44,113 shares of the financial services provider’s stock valued at $4,336,000 after acquiring an additional 3,887 shares in the last quarter. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

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.