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

Stifel Financial (NYSE:SF) had its price target reduced by equities research 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 target would indicate a potential upside of 38.71% from the company’s previous close.

A number of other equities research analysts also recently commented on the company. The Goldman Sachs Group lowered their price objective on Stifel Financial from $121.00 to $105.00 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. JPMorgan Chase & Co. initiated coverage on shares of Stifel Financial in a report on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 target price for the company. Citigroup cut their price target on shares of Stifel Financial from $125.00 to $105.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 2nd. StockNews.com raised shares of Stifel Financial from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. Finally, Wells Fargo & Company increased their target price on Stifel Financial from $128.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Stifel Financial has an average rating of “Hold” and a consensus price target of $108.57.

Stifel Financial Trading Up 13.1 %

Shares of SF stock opened at $86.51 on Tuesday. Stifel Financial has a fifty-two week low of $73.27 and a fifty-two week high of $120.64. The stock has a market cap of $8.98 billion, a P/E ratio of 13.86 and a beta of 1.00. 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 business has a fifty day simple moving average of $99.67 and a 200-day simple moving average of $104.77.

Stifel Financial (NYSE:SF) last issued 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 return on equity of 16.59% and a net margin of 14.00%. On average, analysts forecast that Stifel Financial will post 8.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets grew its stake in shares of Stifel Financial by 28.5% during the third quarter. BNP Paribas Financial Markets now owns 9,968 shares of the financial services provider’s stock valued at $936,000 after acquiring an additional 2,210 shares in the last quarter. Verition Fund Management LLC acquired a new position in shares of Stifel Financial in the 3rd quarter valued at approximately $385,000. State Street Corp boosted its stake in shares of Stifel Financial by 1.0% during the 3rd 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 last quarter. Kovitz Investment Group Partners LLC grew its holdings in Stifel Financial by 23.6% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 3,962 shares of the financial services provider’s stock worth $360,000 after acquiring an additional 757 shares in the last quarter. Finally, MML Investors Services LLC increased its holdings in Stifel Financial by 3.0% in the third quarter. MML Investors Services LLC now owns 28,521 shares of the financial services provider’s stock valued at $2,678,000 after buying an additional 820 shares during the last quarter. 82.01% of the stock is currently 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.