The Goldman Sachs Group Boosts Stifel Financial (NYSE:SF) Price Target to $94.00

Stifel Financial (NYSE:SF) had its target price boosted by equities research analysts at The Goldman Sachs Group from $85.00 to $94.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the financial services provider’s stock. The Goldman Sachs Group’s target price would suggest a potential upside of 1.09% from the stock’s current price.

A number of other analysts have also commented on the company. JMP Securities restated a “market outperform” rating and issued a $105.00 price target on shares of Stifel Financial in a report on Monday, September 9th. Wolfe Research lowered Stifel Financial from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 22nd. TD Cowen upped their price target on Stifel Financial from $85.00 to $88.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. StockNews.com cut shares of Stifel Financial from a “buy” rating to a “hold” rating in a research note on Friday, September 20th. Finally, Wells Fargo & Company started coverage on shares of Stifel Financial in a research report on Thursday, September 12th. They issued an “overweight” rating and a $101.00 price objective on the stock. 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 an average rating of “Hold” and a consensus target price of $91.00.

Stifel Financial Stock Up 0.2 %

NYSE SF traded up $0.15 during trading hours on Thursday, reaching $92.99. 72,498 shares of the company’s stock were exchanged, compared to its average volume of 566,267. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.80 and a current ratio of 0.84. The company has a market capitalization of $9.53 billion, a price-to-earnings ratio of 21.16 and a beta of 1.09. The company’s 50-day moving average is $85.63 and its two-hundred day moving average is $81.61. Stifel Financial has a one year low of $54.81 and a one year high of $94.18.

Stifel Financial (NYSE:SF) last issued its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.06. The company had revenue of $1.22 billion during 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 firm’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.20 earnings per share. On average, analysts forecast that Stifel Financial will post 6.55 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. SageView Advisory Group LLC bought a new position in Stifel Financial in the 1st quarter valued at about $1,251,000. SG Americas Securities LLC bought a new position in shares of Stifel Financial during the second quarter worth approximately $1,543,000. Quadrature Capital Ltd acquired a new stake in Stifel Financial during the 4th quarter worth approximately $649,000. Van ECK Associates Corp lifted its holdings in Stifel Financial by 36.5% during the 1st quarter. Van ECK Associates Corp now owns 35,083 shares of the financial services provider’s stock worth $2,742,000 after purchasing an additional 9,384 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in Stifel Financial by 268.6% in the 2nd quarter. Blue Trust Inc. now owns 8,798 shares of the financial services provider’s stock valued at $688,000 after purchasing an additional 6,411 shares during the period. 82.01% of the stock is currently owned by institutional investors and hedge funds.

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.