Stifel Financial (NYSE:SF) Given New $115.00 Price Target at Citigroup

Stifel Financial (NYSE:SF) had its target price hoisted by equities researchers at Citigroup from $110.00 to $115.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. Citigroup’s target price suggests a potential upside of 10.43% from the stock’s current price.

Several other research firms have also recently issued reports on SF. TD Cowen raised their target price on Stifel Financial from $100.00 to $105.00 and gave the stock a “hold” rating in a research note on Thursday, October 24th. JMP Securities lifted their price objective on Stifel Financial from $105.00 to $110.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 9th. Wells Fargo & Company lifted their price objective on Stifel Financial from $113.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. The Goldman Sachs Group lifted their price objective on Stifel Financial from $85.00 to $94.00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. Finally, StockNews.com cut Stifel Financial from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $107.43.

Stifel Financial Price Performance

SF stock opened at $104.14 on Friday. The business has a fifty day moving average of $110.82 and a two-hundred day moving average of $96.70. 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 stock has a market cap of $10.66 billion, a price-to-earnings ratio of 18.83 and a beta of 1.11. Stifel Financial has a 52-week low of $68.09 and a 52-week high of $119.12.

Stifel Financial (NYSE:SF) last posted its earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($0.10). The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.20 billion. Stifel Financial had a return on equity of 14.92% and a net margin of 12.98%. Stifel Financial’s revenue was up 17.2% compared to the same quarter last year. During the same period last year, the business earned $0.60 EPS. As a group, research analysts anticipate that Stifel Financial will post 6.5 earnings per share for the current year.

Insider Activity at Stifel Financial

In other Stifel Financial news, COO David D. Sliney sold 25,000 shares of Stifel Financial stock in a transaction dated 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 directly owns 159,619 shares of the company’s stock, valued at $18,544,535.42. The trade was a 13.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.57% of the stock is currently owned by company insiders.

Institutional Trading of Stifel Financial

A number of institutional investors have recently bought and sold shares of the business. CIBC Asset Management Inc lifted its holdings in Stifel Financial by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 3,019 shares of the financial services provider’s stock worth $283,000 after buying an additional 102 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Stifel Financial by 27.7% during the 3rd quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider’s stock worth $47,000 after buying an additional 109 shares during the last quarter. Tributary Capital Management LLC lifted its holdings in Stifel Financial by 1.0% during the 3rd quarter. Tributary Capital Management LLC now owns 12,603 shares of the financial services provider’s stock worth $1,183,000 after buying an additional 126 shares during the last quarter. CWM LLC lifted its holdings in Stifel Financial by 3.8% during the 3rd quarter. CWM LLC now owns 3,940 shares of the financial services provider’s stock worth $370,000 after buying an additional 145 shares during the last quarter. Finally, Versant Capital Management Inc lifted its holdings in Stifel Financial by 46.5% during the 4th quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider’s stock worth $48,000 after buying an additional 145 shares during the last quarter. 82.01% of the stock is owned by hedge funds and other institutional investors.

Stifel Financial Company Profile

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.