Stifel Financial (NYSE:SF) PT Raised to $102.00

Stifel Financial (NYSE:SF) had its price objective increased by investment analysts at Citigroup from $90.00 to $102.00 in a research report issued on Friday, Benzinga reports. The firm presently has a “neutral” rating on the financial services provider’s stock. Citigroup’s target price would suggest a potential upside of 8.94% from the company’s current price.

SF has been the subject of several other research reports. StockNews.com downgraded shares of Stifel Financial from a “buy” rating to a “hold” rating in a research report on Friday, September 20th. Wells Fargo & Company started coverage on Stifel Financial in a report on Thursday, September 12th. They set an “overweight” rating and a $101.00 price target on the stock. TD Cowen increased their price objective on Stifel Financial from $85.00 to $88.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. The Goldman Sachs Group lifted their target price on Stifel Financial from $85.00 to $94.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Wolfe Research lowered shares of Stifel Financial from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 22nd. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $94.67.

Stifel Financial Price Performance

Shares of NYSE SF traded up $0.72 during mid-day trading on Friday, reaching $93.63. 178,298 shares of the company traded hands, compared to its average volume of 566,375. Stifel Financial has a fifty-two week low of $54.81 and a fifty-two week high of $94.18. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.80. The stock has a fifty day simple moving average of $85.83 and a 200-day simple moving average of $81.68. The firm has a market cap of $9.60 billion, a PE ratio of 21.28 and a beta of 1.09.

Stifel Financial (NYSE:SF) last released its quarterly earnings data 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 business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion. Stifel Financial had a return on equity of 13.24% and a net margin of 11.59%. The company’s revenue was up 15.9% compared to the same quarter last year. During the same period last year, the company posted $1.20 EPS. Equities research analysts anticipate that Stifel Financial will post 6.55 EPS for the current fiscal year.

Institutional Investors Weigh In On Stifel Financial

Several large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its stake in Stifel Financial by 7.2% in the fourth quarter. BNP Paribas Financial Markets now owns 7,036 shares of the financial services provider’s stock valued at $487,000 after acquiring an additional 471 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of Stifel Financial by 0.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 22,537 shares of the financial services provider’s stock valued at $1,558,000 after purchasing an additional 141 shares in the last quarter. TFO Wealth Partners LLC lifted its stake in shares of Stifel Financial by 87,583.3% in the 4th quarter. TFO Wealth Partners LLC now owns 5,261 shares of the financial services provider’s stock valued at $364,000 after purchasing an additional 5,255 shares during the last quarter. First Trust Advisors LP boosted its holdings in Stifel Financial by 12.4% in the fourth quarter. First Trust Advisors LP now owns 525,026 shares of the financial services provider’s stock worth $36,306,000 after purchasing an additional 58,013 shares in the last quarter. Finally, Integrated Advisors Network LLC acquired a new position in Stifel Financial during the fourth quarter worth $3,600,000. Institutional investors 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.