Stifel Financial (NYSE:SF) Price Target Cut to $128.00 by Analysts at Wells Fargo & Company

Stifel Financial (NYSE:SF - Get Free Report) had its price target reduced by equities researchers at Wells Fargo & Company from $130.00 to $128.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an "overweight" rating on the financial services provider's stock. Wells Fargo & Company's price target would suggest a potential upside of 18.99% from the stock's current price.

Other analysts have also recently issued research reports about the company. JMP Securities upped their price target on Stifel Financial from $105.00 to $110.00 and gave the stock a "market outperform" rating in a research note on Wednesday, October 9th. TD Cowen upped their target price on Stifel Financial from $100.00 to $105.00 and gave the stock a "hold" rating in a research report on Thursday, October 24th. StockNews.com lowered shares of Stifel Financial from a "buy" rating to a "hold" rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. assumed 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. Finally, The Goldman Sachs Group lifted their target price on shares of Stifel Financial from $85.00 to $94.00 and gave the stock a "neutral" rating in a report on Thursday, September 26th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Stifel Financial has a consensus rating of "Hold" and a consensus price target of $107.14.

Stifel Financial Stock Up 2.6 %

Shares of NYSE SF traded up $2.68 during trading hours on Tuesday, hitting $107.57. The stock had a trading volume of 948,750 shares, compared to its average volume of 660,796. The firm's 50-day moving average price is $110.89 and its two-hundred day moving average price is $96.99. Stifel Financial has a 52 week low of $68.09 and a 52 week high of $119.12. The company has a market capitalization of $11.01 billion, a P/E ratio of 19.45 and a beta of 1.11. 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 announced its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 EPS for the quarter, missing the consensus estimate of $1.60 by ($0.10). Stifel Financial had a return on equity of 14.92% and a net margin of 12.98%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the company earned $0.60 EPS. The business's revenue for the quarter was up 17.2% compared to the same quarter last year. Analysts anticipate that Stifel Financial will post 6.5 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, COO David D. Sliney sold 25,000 shares of the company's stock in a transaction 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 completion of the transaction, 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 document filed with the SEC, which is available through this hyperlink. Company insiders own 4.57% of the company's stock.

Institutional Investors Weigh In On Stifel Financial

Institutional investors and hedge funds have recently bought and sold shares of the business. Waldron Private Wealth LLC acquired a new position in shares of Stifel Financial in the 3rd quarter worth approximately $34,000. Versant Capital Management Inc grew its position in Stifel Financial by 46.5% in the fourth quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider's stock valued at $48,000 after acquiring an additional 145 shares during the period. GAMMA Investing LLC raised its stake in Stifel Financial by 27.7% during the third quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider's stock worth $47,000 after acquiring an additional 109 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of Stifel Financial by 36.6% during the third quarter. UMB Bank n.a. now owns 870 shares of the financial services provider's stock valued at $82,000 after acquiring an additional 233 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in shares of Stifel Financial by 148.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,201 shares of the financial services provider's stock valued at $113,000 after purchasing an additional 717 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.