Stifel Financial (NYSE:SF) PT Raised to $110.00 at JMP Securities

Stifel Financial (NYSE:SF) had its price objective increased by research analysts at JMP Securities from $105.00 to $110.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has a “market outperform” rating on the financial services provider’s stock. JMP Securities’ target price would suggest a potential upside of 14.72% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Wolfe Research lowered shares of Stifel Financial from an “outperform” rating to a “peer perform” rating in a report on Monday, July 22nd. Wells Fargo & Company assumed coverage on Stifel Financial in a report on Thursday, September 12th. They issued an “overweight” rating and a $101.00 price objective on the stock. StockNews.com cut Stifel Financial from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Citigroup lifted their target price on Stifel Financial from $90.00 to $102.00 and gave the company a “neutral” rating in a research report on Friday, September 27th. Finally, The Goldman Sachs Group increased their price target on Stifel Financial from $85.00 to $94.00 and gave the stock a “neutral” rating in a report on Thursday, September 26th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $96.67.

Stifel Financial Trading Down 0.8 %

SF stock opened at $95.89 on Wednesday. Stifel Financial has a 12-month low of $54.81 and a 12-month high of $97.24. The business’s 50-day moving average is $87.69 and its 200 day moving average is $83.09. 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 stock has a market cap of $9.83 billion, a price-to-earnings ratio of 20.36 and a beta of 1.09.

Stifel Financial (NYSE:SF) last posted its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.06. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.18 billion. Stifel Financial had a net margin of 11.59% and a return on equity of 13.24%. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period last year, the firm posted $1.20 earnings per share. On average, sell-side analysts anticipate that Stifel Financial will post 6.55 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SF. Versant Capital Management Inc increased its holdings in shares of Stifel Financial by 1,818.8% in the 2nd quarter. Versant Capital Management Inc now owns 307 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 291 shares during the last quarter. Fidelis Capital Partners LLC purchased a new position in Stifel Financial in the first quarter valued at approximately $32,000. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Stifel Financial during the first quarter worth approximately $33,000. GAMMA Investing LLC lifted its position 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 buying an additional 109 shares during the last quarter. Finally, Bessemer Group Inc. boosted its holdings in shares of Stifel Financial by 388.3% in the 1st quarter. Bessemer Group Inc. now owns 796 shares of the financial services provider’s stock valued at $62,000 after buying an additional 633 shares in the last quarter. Institutional investors and hedge funds 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.