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

Stifel Financial (NYSE:SF - Get Free Report) had its target price hoisted by investment analysts at Citigroup from $90.00 to $102.00 in a report released on Friday, Benzinga reports. The firm presently has a "neutral" rating on the financial services provider's stock. Citigroup's price objective points to a potential upside of 8.90% from the stock's current price.

Several other analysts also recently weighed in on SF. The Goldman Sachs Group boosted their price objective on Stifel Financial from $85.00 to $94.00 and gave the company a "neutral" rating in a research report on Thursday. Wells Fargo & Company began coverage on Stifel Financial in a research report on Thursday, September 12th. They issued an "overweight" rating and a $101.00 price objective for the company. StockNews.com downgraded Stifel Financial from a "buy" rating to a "hold" rating in a research report on Friday, September 20th. Wolfe Research downgraded Stifel Financial from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 22nd. Finally, JMP Securities reiterated a "market outperform" rating and issued a $105.00 price objective on shares of Stifel Financial in a research report on Monday, September 9th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $94.67.

Stifel Financial Price Performance

Shares of NYSE SF traded up $0.75 during midday trading on Friday, hitting $93.66. 367,198 shares of the company's stock were exchanged, compared to its average volume of 567,385. Stifel Financial has a 12-month low of $54.81 and a 12-month high of $94.18. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 0.38. The company has a market cap of $9.60 billion, a price-to-earnings ratio of 21.29 and a beta of 1.09. The business's fifty day moving average price is $86.04 and its two-hundred day moving average price is $81.87.

Stifel Financial (NYSE:SF - Get Free Report) last released its earnings results on Wednesday, July 24th. The financial services provider reported $1.60 earnings per share for the quarter, topping analysts' consensus estimates of $1.54 by $0.06. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.18 billion. Stifel Financial had a return on equity of 13.24% and a net margin of 11.59%. Stifel Financial's quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.20 EPS. As a group, research analysts forecast that Stifel Financial will post 6.55 EPS for the current fiscal year.

Hedge Funds Weigh In On Stifel Financial

Several institutional investors and hedge funds have recently modified their holdings of the stock. Sanctuary Advisors LLC bought a new position in shares of Stifel Financial during the second quarter valued at $3,815,000. Delphi Management Inc. MA increased its holdings in Stifel Financial by 0.8% in the 2nd quarter. Delphi Management Inc. MA now owns 22,778 shares of the financial services provider's stock worth $1,917,000 after buying an additional 176 shares in the last quarter. Chase Investment Counsel Corp bought a new stake in Stifel Financial in the 2nd quarter worth about $3,443,000. Creative Planning increased its holdings in Stifel Financial by 9.8% in the 2nd quarter. Creative Planning now owns 14,891 shares of the financial services provider's stock worth $1,253,000 after buying an additional 1,335 shares in the last quarter. Finally, Algert Global LLC increased its holdings in Stifel Financial by 17.3% in the 2nd quarter. Algert Global LLC now owns 84,165 shares of the financial services provider's stock worth $7,082,000 after buying an additional 12,405 shares in the last quarter. 82.01% of the stock is currently owned by 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.