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

Stifel Financial (NYSE:SF) had its price objective raised by equities researchers at Citigroup from $110.00 to $115.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the financial services provider’s stock. Citigroup’s price target indicates a potential upside of 10.22% from the company’s previous close.

A number of other equities analysts have also commented on SF. Wells Fargo & Company raised their price target 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 upped their price target on Stifel Financial from $105.00 to $110.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. assumed coverage on shares of Stifel Financial in a report on Tuesday, December 10th. They set a “neutral” rating and a $120.00 target price on the stock. StockNews.com cut shares of Stifel Financial from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Finally, TD Cowen upped their price target on shares of Stifel Financial from $100.00 to $105.00 and gave the stock a “hold” rating in a report on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Stifel Financial currently has an average rating of “Hold” and an average target price of $107.43.

Stifel Financial Stock Performance

Shares of Stifel Financial stock traded down $4.18 on Friday, reaching $104.34. 377,699 shares of the company traded hands, compared to its average volume of 555,059. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78. The firm has a market capitalization of $10.68 billion, a PE ratio of 18.87 and a beta of 1.11. The company has a 50 day moving average of $110.80 and a 200 day moving average of $96.43. Stifel Financial has a 52 week low of $68.09 and a 52 week high of $119.12.

Stifel Financial (NYSE:SF) last issued its earnings results 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 business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.20 billion. Stifel Financial had a return on equity of 14.92% and a net margin of 12.98%. Stifel Financial’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 earned $0.60 EPS. Equities analysts forecast that Stifel Financial will post 6.5 earnings per share for the current year.

Insiders Place Their Bets

In other news, COO David D. Sliney sold 25,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $116.18, for a total transaction of $2,904,500.00. Following the completion of the transaction, the chief operating officer now directly owns 159,619 shares of the company’s stock, valued at approximately $18,544,535.42. This represents a 13.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 4.57% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Stifel Financial

Several institutional investors and hedge funds have recently bought and sold shares of the business. Waldron Private Wealth LLC purchased a new stake in Stifel Financial in the third quarter worth about $34,000. Versant Capital Management Inc lifted its stake in shares of Stifel Financial by 46.5% in the 4th quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 145 shares during the period. GAMMA Investing LLC grew its stake in Stifel Financial by 27.7% in 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. UMB Bank n.a. raised its holdings in Stifel Financial by 36.6% in the third quarter. UMB Bank n.a. now owns 870 shares of the financial services provider’s stock worth $82,000 after purchasing an additional 233 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in Stifel Financial by 148.1% during the third quarter. Farther Finance Advisors LLC now owns 1,201 shares of the financial services provider’s stock valued at $113,000 after buying an additional 717 shares during the period. Hedge funds and other institutional investors own 82.01% of the company’s stock.

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.