The Goldman Sachs Group Issues Pessimistic Forecast for Stifel Financial (NYSE:SF) Stock Price

Stifel Financial (NYSE:SF - Get Free Report) had its price objective cut by The Goldman Sachs Group from $121.00 to $105.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a "neutral" rating on the financial services provider's stock. The Goldman Sachs Group's price target would suggest a potential upside of 37.57% from the company's current price.

A number of other research analysts have also issued reports on SF. Wells Fargo & Company upped their price target on shares of Stifel Financial from $128.00 to $135.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. began coverage on Stifel Financial in a research report on Tuesday, December 10th. They issued a "neutral" rating and a $120.00 target price on the stock. Citigroup reduced their target price on Stifel Financial from $125.00 to $105.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. UBS Group boosted their price target on Stifel Financial from $116.00 to $120.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. Finally, JMP Securities raised their price objective on Stifel Financial from $125.00 to $135.00 and gave the stock a "market outperform" rating in a research note on Thursday, January 30th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Stifel Financial has an average rating of "Hold" and a consensus price target of $115.71.

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Stifel Financial Stock Down 2.8 %

Shares of Stifel Financial stock traded down $2.18 on Thursday, reaching $76.33. The stock had a trading volume of 1,595,763 shares, compared to its average volume of 645,725. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $7.92 billion, a P/E ratio of 12.23 and a beta of 1.00. The company has a 50 day moving average price of $102.48 and a 200 day moving average price of $105.26. Stifel Financial has a 1 year low of $73.27 and a 1 year high of $120.64.

Stifel Financial (NYSE:SF - Get Free Report) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.27. Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. As a group, equities research analysts forecast that Stifel Financial will post 8.26 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Barclays PLC boosted its holdings in Stifel Financial by 62.2% during the third quarter. Barclays PLC now owns 107,397 shares of the financial services provider's stock worth $10,086,000 after buying an additional 41,171 shares in the last quarter. TT International Asset Management LTD purchased a new stake in shares of Stifel Financial during the 4th quarter worth about $2,759,000. V Square Quantitative Management LLC acquired a new stake in shares of Stifel Financial during the 4th quarter valued at about $26,000. Park Avenue Securities LLC increased its stake in shares of Stifel Financial by 31.1% in the 4th quarter. Park Avenue Securities LLC now owns 18,584 shares of the financial services provider's stock valued at $1,971,000 after purchasing an additional 4,413 shares in the last quarter. Finally, State Street Corp raised its holdings in Stifel Financial by 1.0% in the 3rd quarter. State Street Corp now owns 3,122,342 shares of the financial services provider's stock worth $293,188,000 after purchasing an additional 31,101 shares during the period. 82.01% of the stock is owned by institutional investors and hedge funds.

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.