Stifel Financial (NYSE:SF) PT Raised to $102.00 at Citigroup

Stifel Financial (NYSE:SF) had its price objective lifted by Citigroup from $90.00 to $102.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a “neutral” rating on the financial services provider’s stock. Citigroup’s price target suggests a potential upside of 8.90% from the stock’s current price.

Several other equities research analysts also recently issued reports on SF. TD Cowen lifted their price objective on Stifel Financial from $85.00 to $88.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. Wolfe Research downgraded shares of Stifel Financial from an “outperform” rating to a “peer perform” rating in a report on Monday, July 22nd. StockNews.com downgraded Stifel Financial from a “buy” rating to a “hold” rating in a report on Friday, September 20th. Wells Fargo & Company initiated coverage on shares of Stifel Financial in a research note on Thursday, September 12th. They set an “overweight” rating and a $101.00 price objective on the stock. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $105.00 target price on shares of Stifel Financial in a research note on Monday, September 9th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $94.67.

Stifel Financial Price Performance

Shares of NYSE SF opened at $93.66 on Friday. The business has a 50-day moving average of $86.04 and a 200-day moving average of $81.87. The company has a market capitalization of $9.60 billion, a price-to-earnings ratio of 21.29 and a beta of 1.09. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.80. Stifel Financial has a 1-year low of $54.81 and a 1-year high of $94.18.

Stifel Financial (NYSE:SF) last posted its earnings results on Wednesday, July 24th. The financial services provider reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.06. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Stifel Financial had a net margin of 11.59% and a return on equity of 13.24%. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.20 earnings per share. On average, equities analysts anticipate that Stifel Financial will post 6.55 EPS for the current fiscal year.

Institutional Trading of Stifel Financial

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Stifel Financial by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 10,461,734 shares of the financial services provider’s stock worth $817,794,000 after purchasing an additional 391,384 shares in the last quarter. Los Angeles Capital Management LLC increased its stake in Stifel Financial by 929.9% during the 2nd quarter. Los Angeles Capital Management LLC now owns 296,574 shares of the financial services provider’s stock worth $24,957,000 after acquiring an additional 267,777 shares during the period. Earnest Partners LLC increased its position in shares of Stifel Financial by 7.0% in the first quarter. Earnest Partners LLC now owns 2,932,059 shares of the financial services provider’s stock worth $229,199,000 after purchasing an additional 191,896 shares during the period. Principal Financial Group Inc. lifted its position in Stifel Financial by 12.8% during the first quarter. Principal Financial Group Inc. now owns 1,332,258 shares of the financial services provider’s stock worth $104,143,000 after purchasing an additional 151,046 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in Stifel Financial during the second quarter worth about $7,415,000. Institutional investors and hedge funds own 82.01% of the company’s stock.

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.