Brokerages Set Stifel Financial Corp. (NYSE:SF) PT at $105.71

Shares of Stifel Financial Corp. (NYSE:SF) have been given a consensus recommendation of “Hold” by the eight research firms that are currently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $105.50.

A number of brokerages recently weighed in on SF. Citigroup lowered their price target on shares of Stifel Financial from $125.00 to $105.00 and set a “neutral” rating for the company in a report on Wednesday, April 2nd. UBS Group lifted their target price on Stifel Financial from $116.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. StockNews.com raised Stifel Financial from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. JMP Securities lowered their target price on Stifel Financial from $135.00 to $120.00 and set a “market outperform” rating for the company in a research note on Tuesday, April 8th. Finally, JPMorgan Chase & Co. lowered their target price on Stifel Financial from $123.00 to $100.00 and set a “neutral” rating for the company in a research note on Friday, April 11th.

Stifel Financial Trading Up 0.2 %

Shares of SF stock opened at $86.15 on Wednesday. Stifel Financial has a 12-month low of $73.27 and a 12-month high of $120.64. The company has a market capitalization of $8.94 billion, a P/E ratio of 13.81 and a beta of 1.00. The firm has a 50-day moving average price of $92.28 and a 200 day moving average price of $103.77. 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 announced its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($1.15). Stifel Financial had a net margin of 14.00% and a return on equity of 16.59%. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the prior year, the business earned $1.49 earnings per share. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. Research analysts forecast that Stifel Financial will post 8.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SF. Norges Bank bought a new position in Stifel Financial during the fourth quarter worth about $137,448,000. FMR LLC lifted its holdings in Stifel Financial by 8.5% during the fourth quarter. FMR LLC now owns 8,628,832 shares of the financial services provider’s stock worth $915,346,000 after acquiring an additional 672,420 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Stifel Financial by 32.2% during the fourth quarter. Wellington Management Group LLP now owns 2,588,964 shares of the financial services provider’s stock worth $274,637,000 after acquiring an additional 630,255 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Stifel Financial by 47,124.2% during the first quarter. GAMMA Investing LLC now owns 425,018 shares of the financial services provider’s stock worth $40,062,000 after acquiring an additional 424,118 shares in the last quarter. Finally, Walleye Capital LLC lifted its holdings in Stifel Financial by 477.9% during the fourth quarter. Walleye Capital LLC now owns 238,945 shares of the financial services provider’s stock worth $25,347,000 after acquiring an additional 197,598 shares in the last quarter. 82.01% of the stock is currently owned by institutional investors.

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.