Stifel Financial (NYSE:SF) Price Target Cut to $82.00 by Analysts at JPMorgan Chase & Co.

Key Points

• JPMorgan cut Stifel Financial’s price target to $82 from $86 while maintaining a neutral rating, implying 16.1% upside from the stock’s $70.63 price.
• Analyst sentiment remains mixed but leans positive: MarketBeat reports an average rating of “Moderate Buy” and an average target price of $88.58, while BMO also lowered its target to $75 with a market-perform rating.
• Stifel’s latest quarterly results exceeded expectations, with earnings per share of $1.42 versus $1.33 expected and revenue of $1.45 billion, up 13% year over year; institutional investors own 82.01% of the shares.

Stifel Financial (NYSE:SF - Get Free Report) had its target price decreased by investment analysts at JPMorgan Chase & Co. from $86.00 to $82.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a "neutral" rating on the financial services provider's stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 16.10% from the stock's current price.

SF has been the topic of a number of other reports. BMO Capital Markets dropped their price objective on shares of Stifel Financial from $85.00 to $75.00 and set a "market perform" rating on the stock in a research note on Tuesday. Weiss Ratings reissued a "buy (b-)" rating on shares of Stifel Financial in a research report on Wednesday, August 26th. Wall Street Zen cut Stifel Financial from a "buy" rating to a "hold" rating in a research report on Sunday, August 9th. Capital One Financial set a $75.00 target price on Stifel Financial in a research report on Tuesday. Finally, UBS Group set a $90.00 price objective on shares of Stifel Financial in a research report on Thursday, July 23rd. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $88.58.

Stifel Financial Stock Performance

Shares of NYSE SF remained flat at $70.63 during mid-day trading on Tuesday. 128,764 shares of the stock were exchanged, compared to its average volume of 1,389,475. The business has a 50-day simple moving average of $79.21 and a two-hundred day simple moving average of $76.22. Stifel Financial has a 1-year low of $67.81 and a 1-year high of $89.83. The company has a quick ratio of 0.83, a current ratio of 0.88 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $10.67 billion, a P/E ratio of 12.65 and a beta of 1.01.

Stifel Financial (NYSE:SF - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.09. Stifel Financial had a net margin of 16.11% and a return on equity of 19.22%. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the business posted $1.71 earnings per share. The company's revenue was up 13.0% on a year-over-year basis. Sell-side analysts forecast that Stifel Financial will post 6.36 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Maryam Brown sold 4,700 shares of the company'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 sale, the director owned 5,729 shares in the company, valued at $453,736.80. This represents a 45.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 3.36% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SF. Requisite Capital Management LLC purchased a new stake in Stifel Financial during the 2nd quarter valued at about $5,520,000. Fifth Third Bancorp increased its position 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 purchasing an additional 60,042 shares during the last quarter. WINTON GROUP Ltd raised its position in Stifel Financial by 21.4% during the 2nd quarter. WINTON GROUP Ltd now owns 299,748 shares of the financial services provider's stock valued at $20,913,000 after purchasing an additional 52,778 shares in the last quarter. BlackRock Inc. acquired a new position in shares of Stifel Financial during the second quarter worth $1,031,197,000. Finally, Castleark Management LLC acquired a new position in Stifel Financial during the second quarter valued at $6,852,000. Institutional investors own 82.01% of the company's stock.

About Stifel Financial

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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