Stifel Financial (NYSE:SF) Given New $135.00 Price Target at JMP Securities

Stifel Financial (NYSE:SF) had its target price lifted by analysts at JMP Securities from $125.00 to $135.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “market outperform” rating on the financial services provider’s stock. JMP Securities’ price objective points to a potential upside of 15.39% from the company’s current price.

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

Stifel Financial Stock Down 0.4 %

Shares of SF stock opened at $116.99 on Thursday. The company has a market capitalization of $11.97 billion, a price-to-earnings ratio of 21.21 and a beta of 1.11. Stifel Financial has a 12-month low of $71.36 and a 12-month high of $120.64. The firm has a fifty day moving average of $110.79 and a 200-day moving average of $99.44. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27.

Stifel Financial (NYSE:SF) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.27. Stifel Financial had a return on equity of 14.92% and a net margin of 12.98%. As a group, equities research analysts predict that Stifel Financial will post 6.54 earnings per share for the current fiscal year.

Insider Activity at Stifel Financial

In other Stifel Financial news, COO David D. Sliney sold 25,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief operating officer now directly owns 159,619 shares of the company’s stock, valued at $18,544,535.42. This trade represents a 13.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.57% of the stock is currently owned by corporate insiders.

Institutional Trading of Stifel Financial

Several large investors have recently made changes to their positions in SF. Barclays PLC boosted its holdings in shares of Stifel Financial by 62.2% in the 3rd quarter. Barclays PLC now owns 107,397 shares of the financial services provider’s stock valued at $10,086,000 after purchasing an additional 41,171 shares in the last quarter. TT International Asset Management LTD bought a new stake in shares of Stifel Financial during the 4th quarter worth $2,759,000. Curi RMB Capital LLC boosted its stake in Stifel Financial by 15.7% in the third quarter. Curi RMB Capital LLC now owns 69,301 shares of the financial services provider’s stock valued at $6,507,000 after buying an additional 9,396 shares in the last quarter. Larson Financial Group LLC boosted its stake in Stifel Financial by 4,308.9% in the third quarter. Larson Financial Group LLC now owns 5,423 shares of the financial services provider’s stock valued at $509,000 after buying an additional 5,300 shares in the last quarter. Finally, FMR LLC lifted its holdings in shares of Stifel Financial by 18.8% in the third quarter. FMR LLC now owns 7,956,412 shares of the financial services provider’s stock worth $747,107,000 after acquiring an additional 1,256,595 shares during 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.