JPMorgan Chase & Co. Issues Pessimistic Forecast for Stifel Financial (NYSE:SF) Stock Price

Stifel Financial (NYSE:SF - Free Report) had its target price lowered by JPMorgan Chase & Co. from $123.00 to $100.00 in a research report report published on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the financial services provider's stock.

Several other brokerages have also recently weighed in on SF. TD Cowen decreased their price target on Stifel Financial from $124.00 to $84.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. JMP Securities decreased their target price on shares of Stifel Financial from $135.00 to $120.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company lowered their target price on shares of Stifel Financial from $135.00 to $106.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. UBS Group boosted their price target on shares of Stifel Financial from $116.00 to $120.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. Finally, Citigroup decreased their price target on shares of Stifel Financial from $125.00 to $105.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $105.71.

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Stifel Financial Stock Performance

Shares of NYSE SF traded down $2.53 during midday trading on Friday, hitting $83.17. The company's stock had a trading volume of 427,007 shares, compared to its average volume of 661,070. The stock has a fifty day moving average price of $97.26 and a 200 day moving average price of $104.49. The firm has a market capitalization of $8.63 billion, a price-to-earnings ratio of 13.33 and a beta of 1.00. Stifel Financial has a one year low of $73.27 and a one 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.

Stifel Financial (NYSE:SF - Get Free Report) last posted its quarterly earnings results 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 return on equity of 16.59% and a net margin of 14.00%. On average, research analysts forecast that Stifel Financial will post 8.26 EPS for the current fiscal year.

Stifel Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.46 per share. This is an increase from Stifel Financial's previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date was Monday, March 3rd. Stifel Financial's payout ratio is currently 29.49%.

Hedge Funds Weigh In On Stifel Financial

Hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank bought a new position in Stifel Financial during the fourth quarter valued at approximately $137,448,000. FMR LLC lifted its stake in Stifel Financial by 8.5% in the fourth quarter. FMR LLC now owns 8,628,832 shares of the financial services provider's stock worth $915,346,000 after purchasing an additional 672,420 shares during the last quarter. Wellington Management Group LLP boosted its position in Stifel Financial by 32.2% during 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 buying an additional 630,255 shares during the period. GAMMA Investing LLC boosted its holdings in Stifel Financial by 47,124.2% during the 1st quarter. GAMMA Investing LLC now owns 425,018 shares of the financial services provider's stock valued at $40,062,000 after acquiring an additional 424,118 shares during the period. Finally, Walleye Capital LLC increased its stake in Stifel Financial by 477.9% in the 4th quarter. Walleye Capital LLC now owns 238,945 shares of the financial services provider's stock worth $25,347,000 after purchasing an additional 197,598 shares during the period. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

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.