Citigroup Forecasts Strong Price Appreciation for Stifel Financial (NYSE:SF) Stock

Stifel Financial (NYSE:SF - Get Free Report) had its target price hoisted by investment analysts at Citigroup from $110.00 to $115.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a "neutral" rating on the financial services provider's stock. Citigroup's price objective would suggest a potential upside of 10.43% from the stock's previous close.

Several other equities analysts have also issued reports on SF. JPMorgan Chase & Co. began coverage on Stifel Financial in a research note on Tuesday, December 10th. They issued a "neutral" rating and a $120.00 price target on the stock. StockNews.com downgraded Stifel Financial from a "buy" rating to a "hold" rating in a report on Thursday, October 3rd. Wells Fargo & Company upped their price objective on Stifel Financial from $113.00 to $130.00 and gave the company an "overweight" rating in a research note on Wednesday, November 13th. TD Cowen upped their price objective on Stifel Financial from $100.00 to $105.00 and gave the company a "hold" rating in a research note on Thursday, October 24th. Finally, JMP Securities upped their price target on Stifel Financial from $105.00 to $110.00 and gave the company a "market outperform" rating in a research report on Wednesday, October 9th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $107.43.

Stifel Financial Stock Down 4.0 %

NYSE SF traded down $4.38 during trading hours on Friday, reaching $104.14. 784,601 shares of the company's stock were exchanged, compared to its average volume of 625,133. The company has a market capitalization of $10.66 billion, a price-to-earnings ratio of 18.83 and a beta of 1.11. Stifel Financial has a one year low of $68.09 and a one year high of $119.12. The company's 50-day moving average is $110.80 and its two-hundred day moving average is $96.43. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82.

Stifel Financial (NYSE:SF - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share for the quarter, missing analysts' consensus estimates of $1.60 by ($0.10). Stifel Financial had a return on equity of 14.92% and a net margin of 12.98%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the business posted $0.60 EPS. The firm's quarterly revenue was up 17.2% compared to the same quarter last year. On average, analysts forecast that Stifel Financial will post 6.5 EPS for the current fiscal year.

Insider Buying and Selling

In other news, COO David D. Sliney sold 25,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $116.18, for a total value of $2,904,500.00. Following the sale, the chief operating officer now directly owns 159,619 shares in the company, valued at approximately $18,544,535.42. This represents a 13.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.57% of the stock is currently owned by company insiders.

Institutional Trading of Stifel Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC lifted its holdings in Stifel Financial by 62.2% in the third quarter. Barclays PLC now owns 107,397 shares of the financial services provider's stock valued at $10,086,000 after acquiring an additional 41,171 shares during the last quarter. Curi RMB Capital LLC grew its holdings in shares of Stifel Financial by 15.7% during the third quarter. Curi RMB Capital LLC now owns 69,301 shares of the financial services provider's stock worth $6,507,000 after purchasing an additional 9,396 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Stifel Financial by 19.7% during the second quarter. Thrivent Financial for Lutherans now owns 51,603 shares of the financial services provider's stock worth $4,342,000 after purchasing an additional 8,496 shares during the last quarter. Larson Financial Group LLC grew its holdings in shares of Stifel Financial by 4,308.9% during the third quarter. Larson Financial Group LLC now owns 5,423 shares of the financial services provider's stock worth $509,000 after purchasing an additional 5,300 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of Stifel Financial by 18.8% during the third quarter. FMR LLC now owns 7,956,412 shares of the financial services provider's stock worth $747,107,000 after buying an additional 1,256,595 shares during the period. Institutional investors and hedge funds own 82.01% of the company's stock.

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.