Stifel Financial (NYSE:SF) Given New $84.00 Price Target at TD Cowen

Stifel Financial (NYSE:SF - Get Free Report) had its price target reduced by stock analysts at TD Cowen from $124.00 to $84.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a "hold" rating on the financial services provider's stock. TD Cowen's target price points to a potential downside of 0.43% from the company's current price.

Several other equities research analysts also recently issued reports on the company. The Goldman Sachs Group dropped their price objective on Stifel Financial from $121.00 to $105.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. UBS Group upped their price target on shares of Stifel Financial from $116.00 to $120.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. JPMorgan Chase & Co. started coverage on shares of Stifel Financial in a report on Tuesday, December 10th. They set a "neutral" rating and a $120.00 price objective for the company. Wells Fargo & Company dropped their target price on shares of Stifel Financial from $135.00 to $106.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Finally, Citigroup reduced their price target on shares of Stifel Financial from $125.00 to $105.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $105.71.

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Stifel Financial Stock Up 2.7 %

Shares of SF stock traded up $2.25 on Wednesday, hitting $84.36. The stock had a trading volume of 1,457,253 shares, compared to its average volume of 660,060. The stock's 50 day moving average is $98.41 and its 200-day moving average is $104.69. The firm has a market capitalization of $8.75 billion, a price-to-earnings ratio of 13.52 and a beta of 1.00. Stifel Financial has a 52-week low of $73.27 and a 52-week high of $120.64. 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 quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share for the quarter, beating analysts' consensus estimates of $1.96 by $0.27. Stifel Financial had a net margin of 14.00% and a return on equity of 16.59%. As a group, research analysts expect that Stifel Financial will post 8.26 earnings per share for the current year.

Institutional Investors Weigh In On Stifel Financial

Large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets raised its holdings in shares of Stifel Financial by 28.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,968 shares of the financial services provider's stock valued at $936,000 after purchasing an additional 2,210 shares in the last quarter. Verition Fund Management LLC bought a new stake in Stifel Financial in the third quarter worth $385,000. State Street Corp increased its position in Stifel Financial by 1.0% during the third quarter. State Street Corp now owns 3,122,342 shares of the financial services provider's stock worth $293,188,000 after buying an additional 31,101 shares during the last quarter. Kovitz Investment Group Partners LLC raised its holdings in Stifel Financial by 23.6% during the third quarter. Kovitz Investment Group Partners LLC now owns 3,962 shares of the financial services provider's stock valued at $360,000 after buying an additional 757 shares in the last quarter. Finally, MML Investors Services LLC raised its holdings in Stifel Financial by 3.0% during the third quarter. MML Investors Services LLC now owns 28,521 shares of the financial services provider's stock valued at $2,678,000 after buying an additional 820 shares in the last quarter. 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.