Stifel Financial (NYSE:SF) Price Target Raised to $133.00

Key Points

• JPMorgan Chase & Co. raised its price target for Stifel Financial from $125.00 to $133.00, indicating a potential upside of 13.96% from the current price.
• Stifel Financial's stock has received ratings from various analysts, with six rating it a Buy and six giving it a Hold rating, resulting in a consensus rating of "Moderate Buy".
• The financial services provider reported a $1.95 EPS for the last quarter, exceeding consensus estimates by $0.06, along with a 16.7% year-over-year revenue growth.

Stifel Financial (NYSE:SF - Get Free Report) had its target price upped by analysts at JPMorgan Chase & Co. from $125.00 to $133.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the financial services provider's stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 13.96% from the company's current price.

Several other brokerages also recently issued reports on SF. UBS Group set a $135.00 price objective on Stifel Financial in a research report on Thursday, October 9th. Wall Street Zen upgraded Stifel Financial from a "sell" rating to a "hold" rating in a research report on Sunday, August 3rd. Citigroup reiterated an "outperform" rating on shares of Stifel Financial in a research report on Thursday, October 9th. Stifel Nicolaus set a $131.00 price objective on Stifel Financial in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company lifted their price objective on Stifel Financial from $102.00 to $125.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $125.90.

Stifel Financial Price Performance

Shares of Stifel Financial stock traded up $0.02 during midday trading on Thursday, hitting $116.71. 342,938 shares of the company were exchanged, compared to its average volume of 787,465. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.82 and a quick ratio of 0.77. The firm has a market cap of $11.92 billion, a P/E ratio of 22.60 and a beta of 1.13. Stifel Financial has a 52 week low of $73.27 and a 52 week high of $120.64. The firm has a 50 day simple moving average of $113.22 and a 200-day simple moving average of $103.36.

Stifel Financial (NYSE:SF - Get Free Report) last posted its earnings results on Wednesday, October 22nd. The financial services provider reported $1.95 EPS for the quarter, topping the consensus estimate of $1.89 by $0.06. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.33 billion. Stifel Financial had a return on equity of 13.93% and a net margin of 11.90%.Stifel Financial's revenue was up 16.7% on a year-over-year basis. During the same quarter last year, the company earned $1.50 EPS. Research analysts forecast that Stifel Financial will post 8.26 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SF. Boston Partners grew its stake in Stifel Financial by 2,727.0% in the second quarter. Boston Partners now owns 2,326,249 shares of the financial services provider's stock valued at $241,468,000 after acquiring an additional 2,243,961 shares during the period. Norges Bank bought a new stake in shares of Stifel Financial in the second quarter valued at about $143,377,000. AQR Capital Management LLC lifted its holdings in shares of Stifel Financial by 314.1% in the first quarter. AQR Capital Management LLC now owns 1,383,836 shares of the financial services provider's stock valued at $126,925,000 after purchasing an additional 1,049,665 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Stifel Financial by 529.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 398,633 shares of the financial services provider's stock valued at $37,576,000 after purchasing an additional 335,257 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Stifel Financial in the third quarter valued at about $35,576,000. 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.

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