JPMorgan Chase & Co. Has Lowered Expectations for Stifel Financial (NYSE:SF) Stock Price

Stifel Financial (NYSE:SF) had its target price cut by equities researchers at JPMorgan Chase & Co. from $86.00 to $82.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 17.61% from the company’s previous close.

A number of other equities analysts have also recently commented on the company. BMO Capital Markets decreased their target price on Stifel Financial from $85.00 to $75.00 and set a “market perform” rating on the stock in a report on Tuesday. Capital One Financial set a $75.00 price target on Stifel Financial in a report on Tuesday. Weiss Ratings restated a “buy (b-)” rating on shares of Stifel Financial in a research report on Wednesday, August 26th. Wall Street Zen cut Stifel Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. Finally, UBS Group set a $90.00 price objective on Stifel Financial in a research note on Thursday, July 23rd. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.83.

Stifel Financial Stock Performance

SF opened at $69.72 on Tuesday. The company’s 50 day moving average is $78.67 and its 200 day moving average is $76.21. The company has a current ratio of 0.88, a quick ratio of 0.83 and a debt-to-equity ratio of 0.33. The company has a market cap of $10.53 billion, a price-to-earnings ratio of 12.48 and a beta of 1.01. Stifel Financial has a 12-month low of $67.81 and a 12-month high of $89.83.

Stifel Financial (NYSE:SF) last announced its earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.09. The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Stifel Financial had a net margin of 16.11% and a return on equity of 19.22%. The firm’s revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.71 earnings per share. On average, equities research analysts predict that Stifel Financial will post 6.31 EPS for the current year.

Insiders Place Their Bets

In other Stifel Financial news, Director Maryam Brown sold 4,700 shares of Stifel Financial stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $79.20, for a total value of $372,240.00. Following the sale, the director directly owned 5,729 shares in the company, valued at approximately $453,736.80. The trade was a 45.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.36% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Requisite Capital Management LLC bought a new stake in shares of Stifel Financial during the 2nd quarter worth approximately $5,520,000. Fifth Third Bancorp increased its stake in Stifel Financial by 430.4% in the first quarter. Fifth Third Bancorp now owns 73,993 shares of the financial services provider’s stock worth $5,470,000 after purchasing an additional 60,042 shares during the period. WINTON GROUP Ltd increased its stake in Stifel Financial by 21.4% in the second quarter. WINTON GROUP Ltd now owns 299,748 shares of the financial services provider’s stock worth $20,913,000 after purchasing an additional 52,778 shares during the period. Bank of America Corp DE bought a new stake in shares of Stifel Financial during the second quarter worth $123,551,000. Finally, BlackRock Inc. purchased a new stake in shares of Stifel Financial during the second quarter valued at $1,031,197,000. Institutional investors own 82.01% of the company’s stock.

Stifel Financial Company Profile

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company provides wealth management, investment banking, institutional brokerage, equity and fixed-income research, securities trading, and asset management services.

Its wealth management business serves individual investors, families, businesses, and institutions through financial planning, investment advisory, brokerage, banking, and related services.