JMP Securities Lowers Stifel Financial (NYSE:SF) Price Target to $120.00

Stifel Financial (NYSE:SF) had its price target decreased by analysts at JMP Securities from $135.00 to $120.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “market outperform” rating on the financial services provider’s stock. JMP Securities’ price objective points to a potential upside of 53.25% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. UBS Group upped their target price on shares of Stifel Financial from $116.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Wells Fargo & Company upped their price objective on Stifel Financial from $128.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. The Goldman Sachs Group dropped their target price on Stifel Financial from $121.00 to $105.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. JPMorgan Chase & Co. began coverage on Stifel Financial in a research report on Tuesday, December 10th. They set a “neutral” rating and a $120.00 price target for the company. Finally, Citigroup lowered their price objective on shares of Stifel Financial from $125.00 to $105.00 and set a “neutral” rating on the stock in a report on Wednesday, April 2nd. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $115.71.

Stifel Financial Trading Down 0.3 %

Stifel Financial stock traded down $0.21 during mid-day trading on Tuesday, hitting $78.30. 689,425 shares of the company’s stock were exchanged, compared to its average volume of 642,313. Stifel Financial has a fifty-two week low of $73.27 and a fifty-two week high of $120.64. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $8.12 billion, a P/E ratio of 12.54 and a beta of 1.00. The company’s 50 day simple moving average is $102.48 and its 200-day simple moving average is $105.26.

Stifel Financial (NYSE:SF) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $2.23 EPS for the quarter, topping the consensus estimate of $1.96 by $0.27. Stifel Financial had a net margin of 14.00% and a return on equity of 16.59%. On average, equities analysts anticipate that Stifel Financial will post 8.26 earnings per share for the current year.

Institutional Investors Weigh In On Stifel Financial

Several hedge funds have recently bought and sold shares of the company. Barclays PLC raised its stake in 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 buying an additional 41,171 shares during the period. TT International Asset Management LTD bought a new position in shares of Stifel Financial during the fourth quarter worth approximately $2,759,000. V Square Quantitative Management LLC bought a new position in Stifel Financial during the 4th quarter worth $26,000. Park Avenue Securities LLC boosted its holdings in Stifel Financial by 31.1% in the 4th quarter. Park Avenue Securities LLC now owns 18,584 shares of the financial services provider’s stock valued at $1,971,000 after purchasing an additional 4,413 shares during the period. Finally, State Street Corp boosted its stake in shares of Stifel Financial by 1.0% in the third quarter. State Street Corp now owns 3,122,342 shares of the financial services provider’s stock valued at $293,188,000 after buying an additional 31,101 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.