Stifel Financial (NYSE:SF) Given New $75.00 Price Target at BMO Capital Markets

Key Points

• BMO Capital Markets lowered Stifel Financial’s price target from $85 to $75 while maintaining a “market perform” rating, implying about 6.12% upside from the prior close.
• Analyst sentiment remains generally positive, with five Buy ratings and four Holds; the consensus rating is “Moderate Buy” with an average price target of $91.10.
• Stifel’s latest quarterly results exceeded expectations, reporting $1.42 in EPS versus $1.33 forecast and $1.45 billion in revenue, up 13% year over year.

Stifel Financial (NYSE:SF - Get Free Report) had its price objective lowered by stock analysts at BMO Capital Markets from $85.00 to $75.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has a "market perform" rating on the financial services provider's stock. BMO Capital Markets' price objective would indicate a potential upside of 6.12% from the company's previous close.

Other equities research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. increased their price objective on Stifel Financial from $80.00 to $86.00 and gave the stock a "neutral" rating in a report on Thursday, July 23rd. Weiss Ratings restated a "buy (b-)" rating on shares of Stifel Financial in a report on Wednesday, August 26th. Wall Street Zen cut shares of Stifel Financial from a "buy" rating to a "hold" rating in a report on Sunday, August 9th. Finally, UBS Group set a $90.00 price objective on shares of Stifel Financial in a report on Thursday, July 23rd. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, Stifel Financial presently has an average rating of "Moderate Buy" and an average target price of $91.10.

Stifel Financial Stock Performance

Shares of NYSE:SF opened at $70.67 on Tuesday. The company has a current ratio of 0.88, a quick ratio of 0.83 and a debt-to-equity ratio of 0.33. The company has a 50-day moving average price of $79.21 and a 200-day moving average price of $76.22. The company has a market cap of $10.67 billion, a price-to-earnings ratio of 12.65 and a beta of 1.01. Stifel Financial has a 12 month low of $67.81 and a 12 month high of $89.83.

Stifel Financial (NYSE:SF - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.09. Stifel Financial had a return on equity of 19.22% and a net margin of 16.11%.The company had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.42 billion. During the same period last year, the firm earned $1.71 earnings per share. Stifel Financial's quarterly revenue was up 13.0% on a year-over-year basis. As a group, equities analysts anticipate that Stifel Financial will post 6.36 EPS for the current year.

Insider Buying and Selling at Stifel Financial

In related news, Director Maryam Brown sold 4,700 shares of the firm's stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $79.20, for a total transaction of $372,240.00. Following the completion of the transaction, the director owned 5,729 shares of the company's stock, valued at $453,736.80. This trade represents a 45.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.36% of the stock is owned by insiders.

Hedge Funds Weigh In On Stifel Financial

Several institutional investors and hedge funds have recently modified their holdings of the stock. Requisite Capital Management LLC bought a new stake in Stifel Financial during the second quarter valued at approximately $5,520,000. Fifth Third Bancorp grew its stake in shares of Stifel Financial by 430.4% during the 1st quarter. Fifth Third Bancorp now owns 73,993 shares of the financial services provider's stock valued at $5,470,000 after acquiring an additional 60,042 shares during the period. WINTON GROUP Ltd increased its stake in shares of Stifel Financial by 21.4% in the second quarter. WINTON GROUP Ltd now owns 299,748 shares of the financial services provider's stock worth $20,913,000 after purchasing an additional 52,778 shares in the last quarter. BlackRock Inc. purchased a new position in shares of Stifel Financial during the 2nd quarter valued at $1,031,197,000. Finally, Castleark Management LLC purchased a new stake in Stifel Financial in the 2nd quarter worth $6,852,000. 82.01% of the stock is currently owned by institutional investors.

Stifel Financial Company Profile

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company provides wealth management, investment banking, institutional brokerage, equity and fixed-income research, securities trading, and asset management services.

Its wealth management business serves individual investors, families, businesses, and institutions through financial planning, investment advisory, brokerage, banking, and related services.

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