Stifel Financial (NYSE:SF) Price Target Cut to $78.00 by Analysts at TD Cowen

Key Points

• TD Cowen cut Stifel Financial’s price target from $84 to $78 while maintaining a “hold” rating, implying about 11.2% upside from the stock’s $70.14 trading price.
• Analyst sentiment remains generally positive but mixed: five analysts rate the stock “buy” and four rate it “hold,” producing a “Moderate Buy” consensus and average price target of $86.08.
• Stifel’s latest quarterly results exceeded expectations, with EPS of $1.42 versus $1.33 expected and revenue of $1.45 billion; institutional investors own approximately 82.01% of the company.

Stifel Financial (NYSE:SF - Get Free Report) had its target price dropped by investment analysts at TD Cowen from $84.00 to $78.00 in a research report issued on Monday, Benzinga reports. The firm presently has a "hold" rating on the financial services provider's stock. TD Cowen's target price would indicate a potential upside of 11.21% from the company's current price.

A number of other research analysts have also recently weighed in on the stock. Capital One Financial set a $75.00 price objective on shares of Stifel Financial in a report on Tuesday, October 6th. Wall Street Zen downgraded shares of Stifel Financial from a "buy" rating to a "hold" rating in a report on Sunday, August 9th. BMO Capital Markets reduced their price target on shares of Stifel Financial from $85.00 to $75.00 and set a "market perform" rating for the company in a research report on Tuesday, October 6th. UBS Group reissued a "buy" rating and set a $84.00 target price (down from $90.00) on shares of Stifel Financial in a report on Wednesday, October 7th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Stifel Financial in a research note on Wednesday, August 26th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $86.08.

Stifel Financial Stock Performance

SF stock traded down $0.20 during trading on Monday, reaching $70.14. The company had a trading volume of 119,816 shares, compared to its average volume of 1,383,347. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.83 and a current ratio of 0.88. Stifel Financial has a twelve month low of $67.81 and a twelve month high of $89.83. The company has a market cap of $10.59 billion, a price-to-earnings ratio of 12.54 and a beta of 1.01. The firm has a 50-day simple moving average of $78.16 and a 200-day simple moving average of $76.20.

Stifel Financial (NYSE:SF - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 EPS for the quarter, topping analysts' consensus estimates of $1.33 by $0.09. The company had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.42 billion. Stifel Financial had a return on equity of 19.22% and a net margin of 16.11%. The firm's revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.71 EPS. As a group, sell-side analysts expect that Stifel Financial will post 6.27 earnings per share for the current year.

Insider Activity

In other news, Director Maryam Brown sold 4,700 shares of the stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $79.20, for a total value of $372,240.00. Following the sale, the director directly owned 5,729 shares in the company, valued at approximately $453,736.80. This trade represents a 45.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.36% of the company's stock.

Hedge Funds Weigh In On Stifel Financial

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in Stifel Financial during the second quarter worth approximately $1,031,197,000. Dimensional Fund Advisors LP lifted its stake in Stifel Financial by 51.6% during the first quarter. Dimensional Fund Advisors LP now owns 2,616,616 shares of the financial services provider's stock valued at $193,403,000 after purchasing an additional 890,810 shares during the last quarter. Bank of America Corp DE grew its position in Stifel Financial by 58.7% in the first quarter. Bank of America Corp DE now owns 1,875,501 shares of the financial services provider's stock worth $138,637,000 after buying an additional 693,437 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Stifel Financial by 40.6% during the 1st quarter. Bank of New York Mellon Corp now owns 1,367,474 shares of the financial services provider's stock valued at $101,084,000 after acquiring an additional 394,863 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Stifel Financial by 48.5% during the 1st quarter. Principal Financial Group Inc. now owns 1,075,067 shares of the financial services provider's stock valued at $79,469,000 after acquiring an additional 351,146 shares during the last quarter. Hedge funds and other institutional investors own 82.01% of the company's stock.

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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