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

Stifel Financial (NYSE:SF) had its price target lowered by JMP Securities from $135.00 to $120.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “market outperform” rating on the financial services provider’s stock. JMP Securities’ target price would indicate a potential upside of 53.25% from the stock’s previous close.

SF has been the topic of a number of other research reports. Wells Fargo & Company lifted their price target on Stifel Financial from $128.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. JPMorgan Chase & Co. began coverage on Stifel Financial in a research note on Tuesday, December 10th. They set a “neutral” rating and a $120.00 target price on the stock. The Goldman Sachs Group reduced their price target on shares of Stifel Financial from $121.00 to $105.00 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. StockNews.com raised shares of Stifel Financial from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. Finally, UBS Group upped their price objective on shares of Stifel Financial from $116.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. 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 a consensus rating of “Hold” and an average target price of $115.71.

Stifel Financial Trading Down 0.3 %

SF traded down $0.21 during trading on Tuesday, reaching $78.30. The company had a trading volume of 689,425 shares, compared to its average volume of 642,313. The firm’s 50-day simple moving average is $102.48 and its 200 day simple moving average is $105.26. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. The company has a market cap of $8.12 billion, a price-to-earnings ratio of 12.54 and a beta of 1.00. Stifel Financial has a 12-month low of $73.27 and a 12-month high of $120.64.

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

Institutional Investors Weigh In On Stifel Financial

A number of large investors have recently added to or reduced their stakes in SF. FMR LLC lifted its position in Stifel Financial by 8.5% during the 4th quarter. FMR LLC now owns 8,628,832 shares of the financial services provider’s stock worth $915,346,000 after acquiring an additional 672,420 shares during the last quarter. State Street Corp lifted its position 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 worth $293,188,000 after purchasing an additional 31,101 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Stifel Financial by 32.2% in the fourth quarter. Wellington Management Group LLP now owns 2,588,964 shares of the financial services provider’s stock valued at $274,637,000 after acquiring an additional 630,255 shares during the period. Geode Capital Management LLC grew its stake in shares of Stifel Financial by 1.2% in the third quarter. Geode Capital Management LLC now owns 1,696,605 shares of the financial services provider’s stock worth $159,355,000 after acquiring an additional 20,110 shares during the last quarter. Finally, Fisher Asset Management LLC increased its position in Stifel Financial by 5.2% during the fourth quarter. Fisher Asset Management LLC now owns 1,540,584 shares of the financial services provider’s stock worth $163,425,000 after acquiring an additional 76,163 shares during the period. Institutional investors 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.