Wells Fargo & Company Forecasts Strong Price Appreciation for Stifel Financial (NYSE:SF) Stock

Stifel Financial (NYSE:SF) had its price target increased by analysts at Wells Fargo & Company from $128.00 to $135.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 16.57% from the company’s current price.

A number of other research analysts also recently issued reports on SF. JPMorgan Chase & Co. started 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 on the stock. StockNews.com lowered shares of Stifel Financial from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. TD Cowen increased their price target on Stifel Financial from $100.00 to $105.00 and gave the stock a “hold” rating in a report on Thursday, October 24th. JMP Securities boosted 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. Finally, Citigroup raised their target price on Stifel Financial from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $117.33.

Stifel Financial Stock Down 1.5 %

Shares of NYSE:SF opened at $115.81 on Thursday. The firm has a market cap of $11.85 billion, a P/E ratio of 18.56 and a beta of 1.11. Stifel Financial has a 12-month low of $71.36 and a 12-month high of $120.64. The business has a fifty day simple moving average of $110.84 and a 200 day simple moving average of $99.78. 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 issued its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.27. Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. Analysts predict that Stifel Financial will post 7.87 earnings per share for the current year.

Insiders Place Their Bets

In other Stifel Financial news, COO David D. Sliney sold 25,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $116.18, for a total value of $2,904,500.00. Following the transaction, the chief operating officer now directly owns 159,619 shares of the company’s stock, valued at approximately $18,544,535.42. This trade represents a 13.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.57% of the company’s stock.

Institutional Investors Weigh In On Stifel Financial

Several hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC boosted its stake in Stifel Financial by 18.8% during the 3rd quarter. FMR LLC now owns 7,956,412 shares of the financial services provider’s stock valued at $747,107,000 after purchasing an additional 1,256,595 shares during the last quarter. State Street Corp boosted its position in shares of Stifel Financial by 1.0% during 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 last quarter. Stifel Financial Corp grew its holdings in Stifel Financial by 1.5% during the third quarter. Stifel Financial Corp now owns 2,279,267 shares of the financial services provider’s stock worth $214,023,000 after buying an additional 33,953 shares in the last quarter. Wellington Management Group LLP raised its position in Stifel Financial by 78.3% in the 3rd quarter. Wellington Management Group LLP now owns 1,958,709 shares of the financial services provider’s stock valued at $183,923,000 after buying an additional 860,465 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Stifel Financial by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,696,605 shares of the financial services provider’s stock valued at $159,355,000 after acquiring an additional 20,110 shares in the last quarter. 82.01% of the stock is 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.