Wells Fargo & Company Boosts Stifel Financial (NYSE:SF) Price Target to $108.00

Stifel Financial (NYSE:SF - Get Free Report) had its price objective boosted by Wells Fargo & Company from $101.00 to $108.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has an "overweight" rating on the financial services provider's stock. Wells Fargo & Company's price objective indicates a potential upside of 11.72% from the company's previous close.

SF has been the subject of several other reports. Wolfe Research downgraded Stifel Financial from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 22nd. TD Cowen raised their target price on shares of Stifel Financial from $85.00 to $88.00 and gave the company a "hold" rating in a research note on Thursday, July 25th. Citigroup boosted their price target on shares of Stifel Financial from $90.00 to $102.00 and gave the stock a "neutral" rating in a research note on Friday, September 27th. StockNews.com lowered Stifel Financial from a "buy" rating to a "hold" rating in a research report on Thursday, October 3rd. Finally, JMP Securities boosted their target price on Stifel Financial from $105.00 to $110.00 and gave the stock a "market outperform" rating in a research report on Wednesday. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Stifel Financial has an average rating of "Hold" and a consensus price target of $96.67.

Stifel Financial Stock Performance

Shares of NYSE:SF traded up $1.65 during midday trading on Wednesday, hitting $96.67. The company had a trading volume of 452,728 shares, compared to its average volume of 562,225. Stifel Financial has a 12-month low of $54.81 and a 12-month high of $97.24. The company has a fifty day moving average of $87.33 and a two-hundred day moving average of $82.90. The company has a market cap of $9.91 billion, a price-to-earnings ratio of 22.00 and a beta of 1.09. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.80.

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

Institutional Trading of Stifel Financial

Several institutional investors and hedge funds have recently modified their holdings of the stock. UMB Bank n.a. grew its holdings in Stifel Financial by 36.6% during the 3rd quarter. UMB Bank n.a. now owns 870 shares of the financial services provider's stock worth $82,000 after acquiring an additional 233 shares in the last quarter. CWM LLC grew its position in shares of Stifel Financial by 3.8% in the 3rd quarter. CWM LLC now owns 3,940 shares of the financial services provider's stock worth $370,000 after buying an additional 145 shares during the last quarter. GAMMA Investing LLC lifted its position in Stifel Financial by 27.7% during the third quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider's stock valued at $47,000 after acquiring an additional 109 shares during the last quarter. Handelsbanken Fonder AB boosted its position in shares of Stifel Financial by 20.3% in the 3rd quarter. Handelsbanken Fonder AB now owns 23,132 shares of the financial services provider's stock worth $2,172,000 after purchasing an additional 3,900 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in Stifel Financial during the 2nd quarter valued at about $3,815,000. Institutional investors own 82.01% of the company's stock.

About Stifel Financial

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.