JMP Securities Increases Stifel Financial (NYSE:SF) Price Target to $135.00

Stifel Financial (NYSE:SF - Get Free Report) had its price target boosted by stock analysts at JMP Securities from $125.00 to $135.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a "market outperform" rating on the financial services provider's stock. JMP Securities' target price points to a potential upside of 16.57% from the company's current price.

Other research analysts have also issued reports about the stock. Citigroup upped their target price on shares of Stifel Financial from $110.00 to $115.00 and gave the company a "neutral" rating in a report on Friday, January 10th. TD Cowen lifted their target price on shares of Stifel Financial from $100.00 to $105.00 and gave the stock a "hold" rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. assumed coverage on Stifel Financial in a research note on Tuesday, December 10th. They set 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 research report on Thursday, October 3rd. Finally, Wells Fargo & Company raised their price target on Stifel Financial from $128.00 to $135.00 and gave the stock an "overweight" rating in a research note on Thursday. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $117.33.

Stifel Financial Price Performance

Shares of NYSE:SF traded down $1.79 during midday trading on Thursday, hitting $115.81. 1,049,256 shares of the stock were exchanged, compared to its average volume of 747,333. The stock has a market cap of $11.85 billion, a P/E ratio of 18.56 and a beta of 1.11. Stifel Financial has a twelve month low of $71.36 and a twelve month high of $120.64. The company has a 50 day moving average price of $110.84 and a 200-day moving average price of $99.78. 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 announced its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.27. Stifel Financial had a net margin of 14.00% and a return on equity of 16.59%. On average, research analysts forecast that Stifel Financial will post 7.87 earnings per share for the current year.

Insider Transactions at Stifel Financial

In related news, COO David D. Sliney sold 25,000 shares of the company's stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $116.18, for a total transaction of $2,904,500.00. Following the completion of the sale, the chief operating officer now directly owns 159,619 shares of the company's stock, valued at approximately $18,544,535.42. This represents a 13.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.57% of the company's stock.

Institutional Investors Weigh In On Stifel Financial

Several institutional investors and hedge funds have recently modified their holdings of the stock. Squarepoint Ops LLC grew its holdings in Stifel Financial by 13.9% during the 2nd quarter. Squarepoint Ops LLC now owns 25,502 shares of the financial services provider's stock valued at $2,146,000 after purchasing an additional 3,116 shares in the last quarter. Mackenzie Financial Corp purchased a new stake in shares of Stifel Financial during the second quarter worth about $1,950,000. Creative Planning lifted its stake in shares of Stifel Financial by 9.8% in the second quarter. Creative Planning now owns 14,891 shares of the financial services provider's stock worth $1,253,000 after acquiring an additional 1,335 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in Stifel Financial in the second quarter valued at about $3,815,000. Finally, Handelsbanken Fonder AB grew its stake in Stifel Financial by 20.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 23,132 shares of the financial services provider's stock valued at $2,172,000 after purchasing an additional 3,900 shares in the last quarter. Hedge funds and other institutional investors 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.