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

Stifel Financial (NYSE:SF) had its price objective hoisted by JMP Securities from $125.00 to $135.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “market outperform” rating on the financial services provider’s stock. JMP Securities’ price target would suggest a potential upside of 15.39% from the stock’s previous close.

Several other research firms have also commented on SF. Citigroup increased their target price on shares of Stifel Financial from $110.00 to $115.00 and gave the company a “neutral” rating in a research note 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 research note on Thursday. TD Cowen raised their target price 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. StockNews.com downgraded shares of Stifel Financial from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. began coverage on shares of Stifel Financial in a research report on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 price target for the company. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Stifel Financial currently has a consensus rating of “Hold” and a consensus target price of $117.33.

Stifel Financial Price Performance

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

Stifel Financial (NYSE:SF) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.27. Stifel Financial had a net margin of 12.98% and a return on equity of 14.92%. Equities analysts anticipate that Stifel Financial will post 6.54 EPS for the current year.

Insider Activity at Stifel Financial

In other Stifel Financial news, COO David D. Sliney sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $116.18, for a total transaction of $2,904,500.00. Following the completion of the sale, the chief operating officer now owns 159,619 shares of the company’s stock, valued at $18,544,535.42. This represents a 13.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.57% of the company’s stock.

Hedge Funds Weigh In On Stifel Financial

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