Stifel Financial (NYSE:SF) Price Target Raised to $105.00

Stifel Financial (NYSE:SF) had its price objective raised by analysts at TD Cowen from $100.00 to $105.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a “hold” rating on the financial services provider’s stock. TD Cowen’s price target suggests a potential upside of 1.18% from the stock’s current price.

A number of other equities analysts also recently commented on the stock. StockNews.com downgraded shares of Stifel Financial from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Wells Fargo & Company upped their target price on shares of Stifel Financial from $108.00 to $113.00 and gave the company an “overweight” rating in a report on Thursday. JMP Securities upped their target price 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. The Goldman Sachs Group upped their target price on shares of Stifel Financial from $85.00 to $94.00 and gave the company a “neutral” rating in a report on Thursday, September 26th. Finally, Wolfe Research cut shares of Stifel Financial from an “outperform” rating to a “peer perform” rating in a report on Monday, July 22nd. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Stifel Financial presently has a consensus rating of “Hold” and a consensus target price of $100.33.

Stifel Financial Trading Up 2.5 %

Shares of SF stock traded up $2.56 on Thursday, hitting $103.78. The stock had a trading volume of 282,799 shares, compared to its average volume of 562,858. Stifel Financial has a twelve month low of $54.81 and a twelve month high of $104.70. The firm has a market cap of $10.64 billion, a P/E ratio of 21.99 and a beta of 1.09. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 0.38. The company has a fifty day moving average price of $91.23 and a two-hundred day moving average price of $84.61.

Stifel Financial (NYSE:SF) last announced 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 during 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%. Stifel Financial’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period last year, the firm earned $0.60 EPS. As a group, analysts forecast that Stifel Financial will post 6.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Versant Capital Management Inc increased its holdings in shares of Stifel Financial by 1,818.8% during the second quarter. Versant Capital Management Inc now owns 307 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 291 shares during the period. Fidelis Capital Partners LLC bought a new position in shares of Stifel Financial during the first quarter worth approximately $32,000. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of Stifel Financial during the first quarter worth approximately $33,000. Waldron Private Wealth LLC bought a new position in shares of Stifel Financial during the third quarter worth approximately $34,000. Finally, GAMMA Investing LLC increased its holdings in shares of Stifel Financial by 27.7% during the third 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. 82.01% of the stock is owned by institutional investors.

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.