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

Stifel Financial (NYSE:SF - Get Free Report) had its target price decreased by investment analysts at JMP Securities from $135.00 to $120.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a "market outperform" rating on the financial services provider's stock. JMP Securities' price target suggests a potential upside of 46.14% from the company's previous close.

SF has been the topic of a number of other research reports. Citigroup lowered their price objective on Stifel Financial from $125.00 to $105.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Wells Fargo & Company upped their price objective on Stifel Financial from $128.00 to $135.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. UBS Group raised their target price on Stifel Financial from $116.00 to $120.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. JPMorgan Chase & Co. began coverage on shares of Stifel Financial in a research note on Tuesday, December 10th. They set a "neutral" rating and a $120.00 price target on the stock. Finally, The Goldman Sachs Group reduced their price objective on shares of Stifel Financial from $121.00 to $105.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $105.71.

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Stifel Financial Stock Performance

Shares of Stifel Financial stock traded up $1.95 during trading hours on Tuesday, hitting $82.12. 1,368,341 shares of the company were exchanged, compared to its average volume of 655,984. The business has a 50-day moving average of $98.41 and a 200-day moving average of $104.61. Stifel Financial has a 1 year low of $73.27 and a 1 year high of $120.64. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $8.52 billion, a price-to-earnings ratio of 13.16 and a beta of 1.00.

Stifel Financial (NYSE:SF - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.23 EPS for the quarter, topping 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%. As a group, analysts expect that Stifel Financial will post 8.26 EPS for the current fiscal year.

Institutional Trading of Stifel Financial

Several large investors have recently modified their holdings of SF. BNP Paribas Financial Markets lifted its stake in Stifel Financial by 28.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,968 shares of the financial services provider's stock valued at $936,000 after buying an additional 2,210 shares in the last quarter. Verition Fund Management LLC acquired a new position in shares of Stifel Financial in the third quarter worth $385,000. State Street Corp lifted its position in shares of Stifel Financial by 1.0% in 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 acquiring an additional 31,101 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its stake in shares of Stifel Financial by 23.6% during the third quarter. Kovitz Investment Group Partners LLC now owns 3,962 shares of the financial services provider's stock valued at $360,000 after acquiring an additional 757 shares during the last quarter. Finally, MML Investors Services LLC increased its position in Stifel Financial by 3.0% during the 3rd quarter. MML Investors Services LLC now owns 28,521 shares of the financial services provider's stock worth $2,678,000 after purchasing an additional 820 shares in the last quarter. 82.01% of the stock is currently owned by institutional investors and hedge funds.

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.