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

Stifel Financial (NYSE:SF) had its price objective boosted by investment analysts at JMP Securities from $125.00 to $135.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “market outperform” rating on the financial services provider’s stock. JMP Securities’ price target would suggest a potential upside of 16.57% from the company’s current price.

SF has been the subject of several other research reports. Citigroup raised their price objective on shares of Stifel Financial from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. StockNews.com downgraded shares of Stifel Financial from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. TD Cowen lifted their price target on shares of Stifel Financial from $100.00 to $105.00 and gave the company a “hold” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. began coverage on shares of Stifel Financial in a research report on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 price target for the company. Finally, Wells Fargo & Company lifted their price target on shares of Stifel Financial from $128.00 to $135.00 and gave the company an “overweight” rating in a research report on Thursday. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Stifel Financial currently has an average rating of “Hold” and a consensus price target of $117.33.

Stifel Financial Stock Performance

Shares of SF stock opened at $115.81 on Thursday. The company has a market cap of $11.85 billion, a price-to-earnings ratio of 18.56 and a beta of 1.11. Stifel Financial has a 52 week low of $71.36 and a 52 week high of $120.64. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. The firm has a 50 day moving average of $110.84 and a 200-day moving average of $99.78.

Stifel Financial (NYSE:SF) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.23 EPS for the quarter, topping the consensus estimate of $1.96 by $0.27. Stifel Financial had a net margin of 14.00% and a return on equity of 16.59%. On average, equities analysts forecast that Stifel Financial will post 7.87 earnings per share for the current year.

Insider Buying and Selling at Stifel Financial

In other news, COO David D. Sliney sold 25,000 shares of Stifel Financial stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $116.18, for a total transaction of $2,904,500.00. Following the sale, the chief operating officer now directly owns 159,619 shares in the company, valued at $18,544,535.42. The trade was a 13.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 4.57% of the company’s stock.

Institutional Investors Weigh In On Stifel Financial

A number of hedge funds have recently made changes to their positions in the business. Mather Group LLC. raised its stake in shares of Stifel Financial by 14.6% during the 4th quarter. Mather Group LLC. now owns 707 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 90 shares during the period. CIBC Asset Management Inc raised its stake in shares of Stifel Financial by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 3,019 shares of the financial services provider’s stock worth $283,000 after purchasing an additional 102 shares during the period. GAMMA Investing LLC raised its stake in shares of Stifel Financial by 27.7% during the 3rd quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 109 shares during the period. Tributary Capital Management LLC raised its stake in shares of Stifel Financial by 1.0% during the 3rd quarter. Tributary Capital Management LLC now owns 12,603 shares of the financial services provider’s stock worth $1,183,000 after purchasing an additional 126 shares during the period. Finally, CWM LLC raised its stake in shares of Stifel Financial by 3.8% during the 3rd quarter. CWM LLC now owns 3,940 shares of the financial services provider’s stock worth $370,000 after purchasing an additional 145 shares during the period. 82.01% of the stock is currently owned by 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.